The international calling app Talk360, which connects with reliable and affordable calls to any landline or mobile phone, has successfully raised $1.4 million in a Pre-Series A funding round. This capital injection will drive the company’s goal of connecting seven million people by 2025 while strengthening its journey towards long-term profitability.
“We’re incredibly proud of Talk360’s growth. Over the past two years, we’ve gone from connecting 2.3 million users to4 million in 2023. This funding will help us continue our mission of connecting African migrant communities with their families back home,” says Hans Osnabrugge, co-founder and CEO of Talk360.
Talk360 is a leading South African and Dutch calling app that enables affordable international calls, requiring only the initiator to have the app and internet connectivity to reach any number globally. The business has garnered strong backing from investors. In 2022, Talk360 raised $7 million through two seed funding rounds, attracting investments from African venture capitalists and fintech angels across Europe and South Africa, including executives from Adyen and Mollie, as well as the founders of Tyme Bank.
After the raises, Talk360 sought to not only expand its user base among the African diaspora in the UK, US, and South Africa but also to explore the potential of establishing the first 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.
“This 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,” says Hans Osnabrugge, co-founder and CEO at Talk360.
