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About TextNow
Industries
Consumer Software
Social Impact
Company Size
201-500
Company Stage
Grant
Total Funding
$3.3M
Headquarters
Waterloo, Canada
Founded
2009
Overview
TextNow provides mobile communication services that allow users to make unlimited calls and send texts without a monthly fee. The service operates through a SIM card that offers unlimited nationwide talk and text over 5G, along with free essential data. Users can purchase additional data passes as needed, which is how the company generates revenue. Unlike many traditional telecom providers, TextNow's model is designed to be budget-friendly, making it appealing to individuals, families, and small businesses. The company stands out from competitors by offering a no-cost option for basic services and a commitment to inclusivity, ensuring that its services are accessible to people with disabilities. TextNow's goal is to provide affordable and reliable communication solutions for everyone.
Simplify's Take
What believers are saying
- Growing demand for budget-friendly communication boosts TextNow's user base.
- 5G expansion enhances TextNow's service quality and user appeal.
- Digital nomadism trend increases need for flexible communication solutions like TextNow.
What critics are saying
- TextNow faces reputational risks from misuse of its platform for harassment.
- IPO potential could increase pressure on company operations and decisions.
- Partnership with LiveOne may expose TextNow to market volatility risks.
What makes TextNow unique
- TextNow offers free unlimited calling and texting, a unique value proposition.
- The company provides a SIM card with 5G access at zero monthly cost.
- TextNow's ad-supported model aligns with current tech industry trends.
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Funding
Total Funding
$3.3M
Meets
Industry Average
Funded Over
2 Rounds
Benefits
Flexible Work Hours
Unlimited Paid Time Off
Employee Stock Options
Parental Leave
Wellness Program
Mental Health Support
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -2%2 year growth
↑ 2%TextNow, app used to send racist post-election texts, faces complaints over stalking, harassment.
LiveOne (NASDAQ: LVO), a leading streaming platform, has announced a multi-year B2B partnership with TextNow, a free phone service provider with over 250 million downloads.
Earlier this month, The Exchange took a look at quieter companies that have been growing consistently before, during, and after the 2021 venture capital peak. The startups and unicorns that didn’t raise at 50x or 100x ARR last year may be the companies most ready to kick open the IPO window at some point in the future. Quite a number of you were enthused by the coverage of less-flashy private tech companies, so we’re taking another look at this startup cohort this morning
In the US, mobile app TextNow has appointed former Walmart exec Ed Woo as Vice President, Data and Analytics, overseeing the analytics function, which includes business analytics, data science, data engineering and data strategy.
Back in September TextNow announced a new Anniversary Program with the goal of continuing to build a great company culture and showing appreciation for TextNow employees.
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About TextNow
Industries
Consumer Software
Social Impact
Company Size
201-500
Company Stage
Grant
Total Funding
$3.3M
Headquarters
Waterloo, Canada
Founded
2009
TextNow is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today