- Saudi Arabia-based telecommunications services and marketing platform Tygo, has raised a $1.8 million Seed round, led by Jawla investments with participation from BIM Ventures.
- Founded by Abdullah Dhafer, Tygo allows its users to browse and subscribe to services and products offered by the telecoms operators in Saudi Arabia.
- This round will help Tygo accelerate its development, enabling it to reach further local and international telecommunications companies in the near future.
Tygo, a Saudi telecommunication services marketing and reselling platform, has announced that it has raised SAR6.8 million in its Seed round. The fundraising was led by Jawla investments, with participation from BIM Ventures and managed by the Investors’ Mine angel network.
Tygo platform aims to make it easier for its users to select from the wide range of services and products offered by the authorised telecommunication companies and purchase or subscribe to them directly, owing to the proliferation of telecommunications companies, the diversity of their market options, and the desire to strengthen the role of the communications and information technology sector. The platform's client base will grow as a result of several agreements with telecom providers and a larger client segment service.
Tygo is the first platform to improve the customer's experience in selecting the right telecommunications company by displaying all licensed company options in one location, allowing the customer to compare the options available and choose what perfectly suits them. The platform also allows customers to learn about the various offers and services available in the telecommunications and digital products markets, as well as to provide secure and simple payment methods.
The platform's features do not stop with serving users; they also extend to its providers. Service providers will be able to manage their products from a unified dashboard, increases their customer by making them more visible, share their products on social media, and provide technical support allowing them to improve their services to meet the needs and aspirations of their customers.
According to CEO and co-founder Abdullah Dhafer, the platform aims to improve the experience of both customers and service providers. Launched in Riyadh in 2021, the platform creates a unified digital reference that provides solutions for telecommunications users to facilitate service delivery and build an integrated full digital experience.
Moreover, the platform allows consumers to complete the selection process based on a thorough comparison & filtering of available telecommunications options in the market based on user preferences, simple activation options via e-sims or sim chips based on the customer's preferences and multiple payment management options for both the service provider and the consumer.
This round will contribute to the development of the platform and the enablement of reaching local and international telecommunications companies in the near future.