NYMGO S.A
closedNymgo is making the world smaller by connecting under-privileged immigrants with their families back home.
| Date | Investors | Amount | Round |
|---|---|---|---|
$5.0m | Series A | ||
| Total Funding | 000k | ||
| EUR | 2016 | 2017 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | (63 %) |
| EBITDA | 0000 | 0000 |
| % EBITDA margin | 9 % | 1 % |
| Profit | 0000 | 0000 |
| % profit margin | (239 %) | (2 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Nymgo S.A., operating as Nymgo, was established in 2008 by co-founders Omar Onsi and Ayman Chalhoub as a telecommunications service provider based in Luxembourg. The company entered the market as a SIP-enabled international voice termination provider, focusing on delivering Voice over Internet Protocol (VoIP) services. This allowed users to make calls from computers to both landlines and mobile phones globally. The business model is structured around paying customers, as it does not offer a free peered VoIP service, which differentiates it from some competitors in the P2P VoIP space. Revenue is generated from the per-minute charges for international calls, with rates displayed transparently in US dollars.
The company's primary target audience includes expatriate communities, travelers, and other individuals who frequently make international calls. Nymgo's core product is a software application available for a variety of platforms, including Windows, iOS, and Android. This application facilitates low-cost international voice calls and SMS messaging. A key feature is its focus on call quality, utilizing efficient voice compression to ensure clear audio even in regions with less stable internet infrastructure. Additionally, the service integrates with a user's existing address book for convenience and offers the ability to top-up mobile credit for phones in numerous countries.
Founder Omar Onsi has an entrepreneurial history, having also founded Splendor Telecom in 2002 and later NymCard, a BaaS provider in the Middle East. His background includes studies in leadership and entrepreneurship at Stanford University and Harvard Business School. Under his leadership, Nymgo secured a Series A investment from Intel Capital in October 2010 and a subsequent joint investment from Intel Capital and The Abraaj Group in 2011. These funds were utilized to enhance its network infrastructure and rebrand its client applications in preparation for launching native smartphone apps in 2012. One source indicates the company is now out of business as of September 2023.
Keywords: VoIP, international calls, telecommunications, SIP-enabled, voice termination, mobile VoIP, pay-as-you-go, expatriate communication, low-cost calling, SMS messaging, Omar Onsi, Ayman Chalhoub, Intel Capital, Abraaj Group, NymCard, Splendor Telecom, mobile top-up, cross-platform app, call quality, international rates