Gigs

Last updated
Gigs, Inc.
Company type Private
Industry
Founded2020;4 years ago (2020)
FoundersHermann Frank and Dennis Bauer
Headquarters
Website gigs.com

Gigs, Inc. is an American technology company in the telecommunications industry, headquartered in San Francisco, California, with additional offices in London (UK) and Berlin (Germany). [1] Admitted to Y Combinator in 2021, the company specializes in a telecom-as-a-service platform that enables businesses to launch their own branded wireless services. [2] [3]

History

The company was founded by entrepreneurs Hermann Frank and Dennis Bauer in 2020. [2] [1] In 2021, the company was accepted into the Y Combinator accelerator program. [4]

In 2022, the company completed a Series A investment round of $20 million, receiving backing from Google's Gradient Ventures, YC Continuity, Speedinvest, and business angels Tony Xu (CEO of DoorDash), Fidji Simo (CEO of Instacart), Dara Khosrowshahi (CEO of Uber). [5]

In 2023, Gigs announced an AI product for MVNOs called Operator, designed to reduce customer support overhead by up to 95%. [6] [7]

Gigs offers "MVNO in a box" technology, allowing companies to launch their wireless service through a white-label or through an API that allows companies to embed their wireless service directly into a customer's app or website. [8] [6] [7] The company also provides wholesale connectivity, payments, OSS/BSS, telecom taxes, and more. [9]

The company cooperates with neobank Zolve, [10] [11] phone manufacturers Light, [12] [13] Murena, [14] [15] [13] Punkt. [16] and fintechs such as Nubank [17] and Wealthsimple. [18]

In December 2024, Gigs announced their partnership with Vodafone [19] . In the same week, the company also announced that it had raised $73 million in a Series B funding round led by Ribbit Capital. [20]

Related Research Articles

O2 (typeset as O2) is a global brand name owned by the Spanish telecommunications company Telefónica. The company uses the O2 brand for its subsidiaries in the United Kingdom and Germany. Since 2018, it is also used as an online-only flanker brand in Spain.

<span class="mw-page-title-main">Mobile virtual network operator</span> Wireless telecom service reseller

A mobile virtual network operator (MVNO) is a wireless communications services provider that does not own the wireless network infrastructure over which it provides services to its customers. An MVNO enters into a business agreement with a mobile network operator to obtain bulk access to network services at wholesale rates, then sets retail prices independently. An MVNO may use its own customer service, billing support systems, marketing, and sales personnel, or it could employ the services of a mobile virtual network enabler (MVNE).

<span class="mw-page-title-main">Virgin Mobile</span> Wireless communications brand

Virgin Mobile is a wireless communications brand used by seven independent brand-licensees worldwide. Virgin Mobile branded wireless communications services are available in the United Kingdom, Ireland, Canada, Colombia, Chile, Kuwait, Saudi Arabia, United Arab Emirates, Poland and Mexico. Virgin Mobile branded services used to be offered in Australia, France, Singapore, India, Qatar, South Africa and the United States.

LG Uplus Corp. (Korean: LG유플러스; stylized as LG U+, KRX: 032640) is a South Korean mobile network operator owned by LG Corporation. It was formerly known as LG Telecom, but changed to its current name on July 1, 2010. LG Uplus is the second-largest wireless carrier in South Korea, with 18.411 million subscribers as of Q4 2023.

<span class="mw-page-title-main">Allot Ltd.</span> Israeli telecommunications company

Allot Ltd., formerly Allot Communications, is an Israeli high-tech company that develops telecommunications software. The company is headquartered in Hod Hasharon, Israel.

<span class="mw-page-title-main">Fortumo</span> Company based in Estonia

Fortumo was an Estonian company which developed a platform for digital service providers for user growth and monetization.

Boku, Inc. is a mobile payments company that allows businesses to collect online payments through both carrier billing and mobile wallets, and is headquartered in San Francisco, California. Boku utilizes mobile network operator (carrier) data for consumers online. Boku operates in over 90 countries globally, offering a bank-grade payment system.

brightfin American software company

brightfin, formerly Visage Mobile is a software-as-a-service (SaaS) company that provides telecom expense management solutions for enterprises. Their product, MobilityCentral, is a web-based application intended to simplify enterprise mobility management. Visage MobilityCentral hosts a variety of tools including automated cost-savings recommendations, integration with AT&T Mobility and Verizon Wireless APIs, inventory management, and dynamic cost-accounting reporting. The company also provides managed services including device recycling, help desk management, break-fix, bill audit, wireless and fixed asset cost optimization, and bill pay.

<span class="mw-page-title-main">KORE Wireless</span> American telecommunications company

KORE Wireless Group specializes in Internet of Things (IoT) systems. It is headquartered in Atlanta, Georgia. In March 2021, KORE and Cerberus Telecom Acquisition Corp. announced a definitive merger agreement. Upon completion of the transaction, the combined company, which has a pro forma valuation of $1.04 billion, expects to be listed on the New York Stock Exchange under the ticker symbol “KORE”.

<span class="mw-page-title-main">Sinch AB</span> Telecommunications and cloud communications platform as a service (PaaS) company

Sinch AB, formerly CLX Communications, is a communications platform as a service (CPaaS) company which powers messaging, voice, and email communications between businesses and their customers. Headquartered in Stockholm, Sweden, the company employs over 4000 people in more than 60 countries.

Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt, Som Seif, and Rudy Adler and is based in Toronto. As of September 18, 2024, the firm holds over C$50 billion in assets under management. It is primarily owned by Power Corporation indirectly at 55.1% through investments made through their holdings in Power Financial, IGM Financial and Portag3.

<span class="mw-page-title-main">Nubank</span> Brazilian financial technology company

Nubank is a Brazilian neobank headquartered in São Paulo, Brazil. It is the largest fintech bank in Latin America, with around 93 million customers in Brazil and 8 million between Mexico and Colombia and a revenue of $1.69B. At its IPO in December 2021, Nubank was valued at $45 billion.

<span class="mw-page-title-main">Visible by Verizon</span> American wireless carrier

Visible Service LLC, doing business as Visible by Verizon, and known simply as Visible, is an American all-digital prepaid mobile virtual network operator (MVNO) and brand wholly-owned by Verizon. Launched in 2018, the carrier offers services on the Verizon network, with all services delivered via e-commerce and mobile apps using generative artificial intelligence, and no brick and mortar retail presence. Visible competes against T-Mobile's Metro by T-Mobile, AT&T's Cricket Wireless, and EchoStar's Boost Mobile in the major carrier prepaid segment.

Mambu is a software company founded in Berlin and headquartered in Amsterdam. Mambu provides infrastructure for banks and financial service providers according to the software as a service (SaaS) model. In December 2021, Mambu reached a company valuation of $5.3 billion, making it one of the unicorns of Germany.

The development of neobanks in Europe is a trend in the European financial landscape beginning in the 2010s. Neobanks are a type of digital-only bank that offer financial services primarily through mobile and web applications, with little or no reliance on physical branches. The trend was driven by advancements in technology, changing consumer preferences, and supportive regulatory frameworks. Neobanks provide a range of services, including personal accounts, loans, and payment services, with a focus on user-friendly interfaces, low fees, and innovative features. In 2022, the European neobank market has generated over 570B transactions.

<span class="mw-page-title-main">Cohere Technologies</span>

Cohere Technologies is a telecoms software company based in San Jose, California that develops technology for boosting the network performance of 4G and 5G spectrum in wireless networks. Cohere holds the patents for the Orthogonal Time Frequency Space (OTFS) 2D modulation technique used to improve the performance of 4G and 5G networks and is being considered as a waveform for the future 6G wireless standard.

<span class="mw-page-title-main">Workz</span> Emirati technology company

Workz is a technology company specialized in eSIM and cloud-based services. The company is headquartered in Dubai, UAE, and operates worldwide.

References

  1. 1 2 "Berliner Telko-Startup Gigs will das „Stripe der Mobilfunkbranche" werden". t3n Magazin (in German). 2022-09-21. Retrieved 2024-05-06.
  2. 1 2 "Handelsblatt". www.handelsblatt.com. Retrieved 2024-05-06.
  3. "DataGuard sammelt 61 Millionen ein - Gigs bekommt 20 Millionen - Kaiko Systems streicht 2 Millionen ein". deutsche-startups.de (in German). 2022-09-22. Retrieved 2024-05-06.
  4. Sawers, Paul (2022-09-21). "A 'Stripe for phone plans': Gigs raises $20M to help any company be an MVNO". TechCrunch. Retrieved 2024-05-06.
  5. "Gigs rings up $20 million with Google's early-stage venture fund Gradient, YC Continuity, Speedinvest, and a who's who of angel investors dialling in". Tech.eu. 2022-09-21. Retrieved 2024-05-06.
  6. 1 2 "The Humane touch: More MVNOs are being minted than ever". Yahoo News. 2024-02-09. Retrieved 2024-05-06.
  7. 1 2 Sawers, Paul (2024-01-05). "The Humane touch: More MVNOs are being minted than ever". TechCrunch. Retrieved 2024-05-06.
  8. Sharma, Ray. "Gigs Unveils 'Operator', the ChatGPT for Telecom". www.thefastmode.com. Retrieved 2024-05-06.
  9. "What are the differences between the OSS and the BSS? What are their unique characteristics, functions & roles for an MVNO?". MVNO Index. Retrieved 2024-05-06.
  10. Pathe, Tyler (18 August 2023). "Indian neobank Zolve expands into expat-friendly mobile services with telecom-as-a-service platform Gigs". Fintechfutures.
  11. Bleach, Tom (2023-08-17). "Zolve Connect Launches in Partnership With Gigs to Support Expats Moving to the US". The Fintech Times. Archived from the original on 2023-08-18. Retrieved 2024-05-06.
  12. "Light Picks Gigs to Debut Innovative Light Plans". TelecomDrive. 2023-09-27. Retrieved 2024-05-06.
  13. 1 2 Sawers, Paul (2024-01-23). "'De-Googled' smartphone company Murena launches own-brand mobile network". TechCrunch. Retrieved 2024-05-06.
  14. "Telecompaper". www.telecompaper.com. Retrieved 2024-05-06.
  15. Sharma, Ray. "Gigs Powers Murena to Launch Murena Mobile Premium Wireless Plans". www.thefastmode.com. Retrieved 2024-05-06.
  16. "Punkt. Launches Its Own Mobile Plan for Privacy-Focused MC02 Phone". PCMAG. Retrieved 2024-05-06.
  17. Sawers, Paul (2024-05-28). "More neobanks are becoming mobile networks — and Nubank wants a piece of the action". TechCrunch. Retrieved 2024-06-19.
  18. Koumelis, Theodore (2024-10-28). "Wealthsimple clients now get global travel eSIMs powered by Gigs". TravelDailyNews International. Retrieved 2024-10-31.
  19. "Gigs in million-pound tie-up with Vodafone to let any tech firm become an MVNO". UKTN. 2024-12-09. Retrieved 2024-12-16.
  20. Sawers, Paul (2024-12-12). "Gigs, an 'MVNO in a box,' gets $73M to power mobile network services for any company". TechCrunch. Retrieved 2024-12-13.