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.
Top Stages
6 past transactions
Leaf
Acquisition in 2022
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 facilitating international airtime transfers within and across the African continent. It has established robust partnerships with leading mobile network operators, financial institutions, and distribution companies, enhancing its service offerings. The Sochitel platform provides digital transfers through a comprehensive network of over 50,000 direct outlets in the US, Canada, the UK, and Europe, as well as more than 400,000 indirect outlets spanning 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, allowing clients to efficiently reach their target customers through global channels.
MarketSpark
Series B in 2021
MarketSpark specializes in providing POTS (Plain Old Telephone Service) replacement systems designed for enterprise-scale management. The company delivers 5G LTE-enabled solutions through a fully managed service that encompasses solution design, installation, and ongoing 24/7 maintenance and monitoring of life safety equipment. Utilizing a cloud-enabled platform, MarketSpark enables businesses to transition from traditional copper telephone lines to a modern, 5G-ready managed wireless solution. This platform also offers features such as real-time analytics and automatic failover capabilities, ensuring seamless integration with existing communications infrastructure and enhancing overall operational efficiency for clients.
Imali
Seed Round in 2016
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 treatments for rare cancers where conventional options are limited or non-existent. The company's flagship product is devimistat, a compound designed to target the mitochondria of cancer cells, disrupting their energy production and halting disease progression. Their focus lies in metabolic oncology therapeutics, employing unique bio-energetic processes specific to cancer to deliver novel, first-in-class drugs and technologies for safer and more effective cancer treatment.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.