eSIM Go, provider of digital mobile services, has secured strategic investment led by TNS Global, the Eurasian digital infrastructure and wholesale telecommunications provider.
Since launching in 2020, eSIM Go has matured organically to become a leader in B2B Travel eSIM; a market that is forecast to continue growing at an aggressive CAGR of 37% until at least 2030.
Obaid Rahman, Group CEO at TNS Global, said: “We are excited to support eSIM Go in its next phase of growth. The company represents a strong strategic fit with our vision to expand into scalable, profitable and high-growth digital connectivity segments, complementing our core digital infrastructure footprint.”
TNS Global is set to support eSIM Go’s geographic expansion into Eurasia and beyond, with new capital invested to support the evolution of the company’s technology and connectivity. The joint ambition is to strengthen and accelerate existing profitable growth. In conjunction with the focus on Travel eSIM, the investment also supports eSIM Go in addressing significant opportunities in the MVNO space, starting with the UK market, where it is enabling new and existing brands to provide consumer mobile services with virtually no barriers to entry; primarily innovators and those serving the migrant diaspora.
“Our focus is profitable and cash-generative growth, scaling early success in the UK MVNO market, and consolidating our market leadership in the eSIM enabler space,” said Zacc Couldrick, co-founder and CEO at eSIM Go. “This investment marks a new era for eSIM Go, as we mature the company upon the solid foundations of a resilient team and best-in-class technology at the experience layer.”
“We seek to maintain and strengthen our position as the gold standard in Travel eSIM for partner and end-user experience. The core eSIM Go management team remains in place, the timing is perfect for welcoming such vastly experienced investors from the MVNO and wholesale space to open more doors and bring strategic, operational, regional and commercial advantages.”
