Talk360an international calling app that allows people around the world to make calls to any landline or mobile phone, has raised 1.4 million dollars in a Pre-Series A funding round.
The round was led by its long-term investor Havik.
The capital injection will drive the company’s goal of connecting seven million people by 2025, while boosting its journey to long-term profitability.
Talk360 also plans to expand its internal payments platform to external companies across the continent.
About the Company
Talk360 is a calling app from South Africa and the Netherlands that allows cheap international calls over Voice over Internet Protocol, only requiring the initiator to have the app and an internet connection to reach any number worldwide.
Flashback
In 2022, Talk360 raised $7 million through two rounds of seed funding, attracting investment from African venture capitalists and fintech angels across Europe and SA.
Following the increases, Talk360 sought to expand its user base among the African diaspora in the UK, US and SA. It also explored the possibilities of creating a payment aggregation system designed to streamline the payment experience in the fragmented African market and solve the challenge of failed payment attempts for both merchants and consumers.
What They Say
“Over the past two years, we’ve gone from connecting 2.3 million users to four million in 2023. This funding will help us continue our mission of connecting African migrant communities in South Africa with their families back home.” . he says Hans Osnabruggeco-founder and CEO of Talk360.
βOur payment platform has been used exclusively internally to build a strong foundation. The results were excellent, with an average increase of 25% in payment conversion. We are strongly considering opening the platform to external merchants before Christmas 2024“, he added.
This payment platform will combine all locally available payment methods and currencies across Africa, along with over one million cash points of sale, he notes.
Between the Lines
The company says it plans to integrate into more African languages ββand forge further local and global partnerships with remittance companies, retailers and brands.
Source: ITWeb
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