Rebtel is a Stockholm-based tech communications company focused on serving migrant workers. It currently offers global unlimited calling to 56 countries for $10 a month and operates an on-demand job program in Miami and Houston for migrants. Led by CEO Magnus Larson, the company raised $8m in funding from Balderton Capital and Index Ventures. Rebtel intends to use the funds to build a digital bank aimed at migrant workers. The digital bank was expected to debut in Q4 2018. The company’s core product mix combines low-cost international calling with programs targeting migrant labor markets. RebTel is a Swedish provider of cheap international mobile calls that routes local calls via VoIP. Its service is presented as comparable to London-based Truphone and ConnectMeAnywhere. The article notes the VoIP market is becoming crowded with many me‑too services. RebTel recently received a $20 million investment reported as coming from Danny Rimer at Index Ventures and Benchmark Capital. The coverage frames the investment as an example of VCs beginning to place bets on which companies will become the next major digital phone providers. The author suggests wider metropolitan Wi‑Fi and mesh networks such as FON could increase the value of services like RebTel.

Total raised

$28M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2018