IDT Corporation
IDT Corporation is a diversified company operating in the communications and payment industries, both in the United States and internationally. Founded in 1990 and headquartered in Newark, New Jersey, IDT operates through two main segments: Telecom & Payment Services and net2phone. The Telecom & Payment Services segment offers a range of solutions, including point of sale networks, mobile top-up, carrier services, international money remittance, and long-distance calling services under the BOSS Revolution brand. The net2phone segment provides Unified Communications as a Service, a cloud-based communication solution for businesses, along with cable telephony services. IDT employs over 1,250 people across 21 countries and generates annual revenues exceeding $1.6 billion.
Nearly 2 billion people around the world are unbanked and lack access to formal financial services. For refugees, migrants, and cross border traders, this is particularly challenging because they have no safe or reliable way to bring their money across borders or an affordable way to send and receive money, leaving them vulnerable to exploitative exchange rates and theft. With Leaf, users can travel without cash and rest assured that their money will be safe and accessible no matter where they go. Friends and family around the world can also deposit into a refugee’s account, regardless of location. Backed by blockchain technology of Stellar, Leaf ultimately creates an economic identity that customers can use to establish themselves in a new country.
Sochitel
Acquisition in 2022
Sochitel is a company that specializes in international airtime transfers within and across the African continent. It has established strong partnerships with leading mobile network operators, financial institutions, and distribution companies, allowing it to facilitate digital transfers through a comprehensive platform. This platform supports a network of over 50,000 direct outlets in the United States, Canada, the United Kingdom, and Europe, as well as more than 400,000 indirect outlets across Europe, the Middle East, and Africa. Additionally, Sochitel offers an end-to-end API interface for electronic point-of-sale channels, vouchers, and physical cards, enabling clients to efficiently reach their target customers through global channels.
MarketSpark
Series B in 2021
MarketSpark specializes in replacing traditional Plain Old Telephone Service (POTS) with advanced 5G LTE-enabled solutions tailored for enterprise needs. The company provides a fully managed service encompassing the design, installation, maintenance, and monitoring of life safety equipment. Its cloud-enabled platform enhances operational efficiency by offering real-time analytics, automatic failover capabilities, and seamless integration with existing communications infrastructure. Through these innovations, MarketSpark delivers a reliable managed wireless solution that meets the demands of modern businesses while ensuring enhanced safety and connectivity.
Imali is a cross border payment and a social savings company born in the U.S. facilitating transactions in sub-Saharan Africa.
Cornerstone Pharmaceuticals
Corporate Round in 2016
Cornerstone Pharmaceuticals specializes in developing innovative therapies for rare and hard-to-treat cancers. Its flagship product, devimistat, targets the mitochondria of cancer cells, disrupting their energy production and halting disease growth. The company focuses on metabolic oncology, employing unique bio-energetic processes specific to cancer to create novel, first-in-class drugs and delivery technologies, aiming to enhance treatment safety and success rates.
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