US TaaS provider Gigs lands $73m Series B led by Ribbit Capital
Gigs, a Telecom-as-a-Service (TaaS) provider based in San Francisco, California, has raised $73 million in a Series B funding round to advance its mission of “democratising access to the mobile service industry”.
Gigs bags $73 million in Series B funding
The round was led by US venture capital firm Ribbit Capital, with additional backing from existing investors including Speedinvest, Google’s Gradient Ventures, and Y Combinator.
Founded in 2020, Gigs says it enables tech companies to introduce their “own mobile service on premium networks globally within weeks, all through a single integration”.
The company’s product suite features AI-powered customer support, API connectivity, subscription and billing management services, hosted checkout, tax calculation, wholesale payment processing, and a multi-currency payment system.
The start-up says it will use the capital injection to “expand its geographical footprint and invest in an expanded suite of products and services for tech companies”.
Earlier this year, Gigs partnered with Wealthsimple, the online robo-advisory and stock trading platform, to launch a new global travel eSIM service in Canada.
Gigs has also made a number of senior leadership appointments over 2024. The company named Rishi Sachdeva, formerly of Stripe, as head of fintech in April, and Steven van Bommel, previously with Adyen, as head of finance in January.
