Truphone, a UK-based startup that provides voice and data services for phones, tablets and IoT hardware by way of eSIM software integrated directly into the devices, has raised another round of funding to continue expanding its business. The company, which told TechCrunch today that it counts Apple as a key partner, has raised another £30 million, valuing Truphone at £410 million (or $38 million at a $516 million valuation at current rates).
Truphone said it would use the money to continue investing in software development and network upgrades; and “to ensure the business is equipped to deliver on further acceleration; and to support an expanding worldwide presence, particularly in North America and Asia Pacific.”
The company said it has now provisioned some 4 million eSIM profiles globally and is seeing further eSIM downloads of 20,000 daily.
Although eSIM technology was conceived as a quick way to switch carriers without physically changing fiddly, tiny physical cards (and subsequent carrier contracts), it’s an interesting datapoint right now, given that we are seeing a big focus on technology and transactions that can be run in a contactless way (thus avoiding the spread of …read more
Source:: TechCrunch Gadgets
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