Yeloworld
Company that provide international phone calls over wifi at a discount.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
CNY100m | Series B | ||
| Total Funding | 000k | ||
Based on the provided information from 2013-2014, Yeloworld was a technology startup headquartered in Hong Kong. The company was established by a group of experienced technology entrepreneurs with a history of founding successful ventures in both Hong Kong and The Netherlands.
Yeloworld operated in the telecommunications market, specifically focusing on the Voice over IP (VoIP) sector. The business model centered on providing a low-cost alternative for international calling. Revenue was generated by charging users a per-minute rate for calls made through its application, positioning itself as a more economical option compared to traditional mobile operators and other VoIP services like SkypeOut. For instance, the company advertised that a call from anywhere in the world to a mobile phone in France would cost 4 cents per minute, significantly less than competitors.
The core product was a cross-platform mobile application that enabled users on iOS and Android devices to make inexpensive calls to any phone number globally. A key feature was that the call recipient did not need to have a smartphone or the Yeloworld app installed, as it could connect to both standard mobile phones and fixed landlines. In 2013, Yeloworld was recognized as a finalist in Red Herring's Top 100 Asia awards, which highlights promising private technology companies in the region.
Keywords: mobile calling app, international calls, VoIP service, low-cost calling, telecommunications, pay-per-minute, Android app, iOS app, call landlines, call mobile, Skype alternative, Red Herring Asia finalist