International Calling App Talk360 Raises $1.4 Million in Pre-Series A Round

Talk360, an international calling app that enables people around the world to make calls to any landline or mobile phone, has raised $1.4 million in a Pre-Series A funding round.

The round was led by its long-standing investor Havaic.

The capital injection will drive the company’s goal of connecting seven million people by 2025, while strengthening its journey towards long-term profitability.

Talk360 also plans to expand its in-house payments platform to external companies across the continent.

About The Company

Talk360 is a South African and Dutch calling app that enables affordable international calls via voice over internet protocol, requiring only the initiator to have the app and internet connectivity to reach any number globally.

Flashback

In 2022, Talk360 raised $7 million through two seed funding rounds, attracting investments from African venture capitalists and fintech angels across Europe and SA.

After the raises, Talk360 sought to expand its user base among the African diaspora in the UK, US and SA. It also explored the potential of establishing a payment aggregator designed to streamline the payment experience across the fragmented African market and solve the challenge of failed payment attempts for both merchants and consumers.

What They’re Saying

“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.” says Hans Osnabrugge, co-founder and CEO of Talk360.

“Our payment platform has been exclusively used in-house to establish a strong foundation. The results have been exceptional, with an average 25% increase in payment conversion. We are strongly considering opening the platform to external merchants before Christmas 2024,” he added.

This payments platform will combine all locally available payment methods and currencies across Africa, together with over one million cash points of sale, he notes.

Between The Lines

The company says it plans to localise into more African languages and establish further local and global partnerships with remittance companies, retailers, and brands.

Source: ITWeb

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