• About
  • Advertise
  • Careers
  • Contact Us
Friday, July 4, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business StartUPs

SA-based Talk360 ‘s Total Seed Round Reaches $7 Million with Additional Funding

by Joan Aimuengheuwa
October 3, 2022
in StartUPs
0
SA-based Talk360 ‘s Total Seed Round Reaches $7 Million with Additional Funding
Hans Osnabrugge, Jorne Schamp, and Dean Hiine, Talk360 Co-founders

Hans Osnabrugge, Jorne Schamp, and Dean Hiine, Talk360 Co-founders

UBA
Advertisements

Almost five months after closing its initial seed round, Talk360, a South African international calling app making global calls affordable and reliable, has secured an additional $3 million, taking its total seed round to $7 million.

Talk360 will leverage the funds to grow its market share in South Africa, drive its growth on the rest of the continent and launch its market first pan-African payment platform in 2023.

New South African investors who took part in the round were Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa and Endeavor. Existing lead investor HAVAÍC and angel investors such as TymeBank’s Co-founders, Tjaart van der Walt and Coenraad Jonker, also participated.

In the past year, Talk360 has seen 167% growth in customers and 130% revenue growth, and has nearly doubled the number of calling minutes to and from South Africa, on the back of what it calls a ‘significantly improved’ distribution network.  

Founded in 2016 by Dutch entrepreneurs Hans Osnabrugge and Jorne Schamp and South African venture builder Dean Hiine, the company connected 2.3 million people worldwide so far this year. Hiine says it has doubled its headcount this year as it looks to aggressively grow the business.  

“Our mission is to bridge distance and connect lives by offering reliable, affordable, and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world,” said Hiine. “But we’re not just solving socio-economic issues: we’re also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country.” 

Talk360’s agent model in South Africa is key to its success, with agents earning cash for every customer referred. The company has seen a 33% growth in agents, bringing in over 800% more customers over the past year, as it looks to build micro-entrepreneurship, bring income opportunities & jobs to under serviced communities and grow its footprint. 

Clive Butkow, the CEO of Kalon, said the Talk360 team had ‘a wealth of experience’ in the communications space in South Africa and across the continent. “We’re excited to add this investment to the Kalon portfolio, and believe it has the potential to rapidly scale across Africa,” he said. 

Ian Lessem, managing partner at HAVAÍC, said the fact the initial seed round target was oversubscribed is a testament to Talk360’s remarkable traction to date and growth potential. 

“We invested more into Talk360 based on its strong progress in the South African market to date, as well as its potential in the rest of Africa. Since our first investment, the company has shown spectacular growth, and a genuine ability to crack the challenge of distribution in Africa. We’ve seen the company convert users to paying customers by offering them relevant services, and making this accessible in an easy, affordable, reliable and trustworthy way,” said Lessem. 

Tjaart van der Walt said the Tyme founders were investing because Talk360 enables potentially millions of people in remote areas to make and receive calls more affordably. “We see this need for many years to come. We believe in the Talk360 team: they are passionate and purposeful, and can execute,” he said. 

Hiine expects Talk360’s growth to be further boosted when it launches its pan-African payment platform in 2023. The new platform will allow users across the continent to buy products and services using any currency and more than 160 payment methods. It will also be opened to other merchants. This year alone, Talk360 has added six new currencies, added African-specific payment methods such as OTT vouchers, and grown its partnerships with local solutions such as Kazang and Blu voucher.

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: Coenraad JonkerDean HiineHans OsnabruggeJorne SchampTalk360Tjaart van der Walt
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
Insurance Meets Tech: Jubril Mobolaji Lawal, Managing Director, Ecobank Kong in a Cage

#IMT2022: Tech, Bancassurance and the Future of Nigeria’s Insurance Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Palmpay and Teni

PalmPay Purple Christmas with Teni Delivers Christmas Hamper to Winner

2 years ago

Apply: Villgro Africa Sets $20,000 Reward for African Healthcare Startups With Innovative Solutions

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.