Overview

IDT Corporation provides low-cost international communication and payment services. The company initially focused on affordable international calling solutions and introduced a two-way international calling service in 1993. In 2009, IDT launched BOSS Revolution, which simplified international calling by removing the need for a PIN code, making it popular for its ease of use and cost-effectiveness. In 2013, BOSS Revolution expanded to include international money transfers, catering to U.S. consumers sending money abroad. IDT's primary clients are individuals and businesses looking for affordable communication and money transfer options. The company differentiates itself by offering competitive rates and ensuring reliability through stress testing to handle high demand. IDT's goal is to provide cost-effective services while maintaining a strong reputation for reliability and convenience.

Simplify's Take

What believers are saying

• Expansion of BOSS Money app into Francophone Africa enhances financial inclusion.
• Partnership with AccuKnox strengthens IDT's cybersecurity in fintech and communication services.
• Multiple investments indicate strong investor confidence in IDT's growth potential.

What critics are saying

• Increased competition from digital-first companies like Wise and Revolut.
• Potential regulatory challenges in Francophone Africa's financial services expansion.
• SEC's accusation against IDT's founder may lead to reputational damage.

What makes IDT Corporation unique

• IDT offers low-cost international communication and payment services since 1990.
• BOSS Revolution simplifies international calls by eliminating PIN codes since 2009.
• IDT's Awards2Go brand diversifies its portfolio with gift card solutions.

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