[Service mobile] Tellus completes a first fundraising campaign with Newfund

by bold-lichterman

Tellus, a mobile credit recharge transfer solution, has just finalized a first fundraising campaign with Newfund.

The amount of the transaction remains unknown, but the investment fund states that it now owns nearly 35% of Tallus’ capital.

Service mobile Tellus completes a first fundraising campaign with NewfundUnder the Joxko brand, the company allows anyone with family or friends living in southern countries to transfer airtime minutes to their mobile phone. To date, the service is offered to 11 African countries.

Joxko therefore allows you to transfer credit minutes and not money. An offer that seems relatively adapted to local uses, where the populations concerned are often better equipped with mobile phones than they are banked. In fact, in Sub-Saharan Africa, the mobile phone penetration rate is around 33%, against a banking rate of less than 10%.

On average, users of this service spend € 10 per mobile credit transfer. On this amount, Tellus charges the sender a commission of between € 1.50 and € 2, which is still between 15% and 20% of the amount credited.

Thanks to this capital increase, the company, founded in 2003 by Koffi Freitas and Thierno Sambe, intends to increase its international presence from the sending countries (and in particular Italy and Spain) as well as towards the receiving countries, by strengthening itself on the African and North African corridor and by opening up the Asian and South American corridors.