# Echovox

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/echovox

- Industry: Telecoms
- Headquarters: Geneva, Switzerland
- Website: www.echovox.com
- Total disclosed funding: $13M
- Latest round: Series B (Feb 12, 2007)
- Investors on record: 2

## About

Echovox is a mobile payment solution provider that offers carrier billing, SMS messaging, and voice solutions for businesses across various sectors, ensuring secure and efficient transactions for clients globally.Founded in 2000, Echovox operates from Geneva, Switzerland, and specializes in mobile payment solutions. The company has undergone strategic pivots to enhance its service offerings and currently focuses on carrier billing and SMS messaging. In February 2007, Echovox raised USD 7.5 million in Series B financing led by Advent Venture Partners, marking its most recent funding round. The founder's history is not detailed, and no information is available regarding any parent or subsidiary companies.Echovox specializes in providing a comprehensive suite of mobile payment solutions, primarily focusing on carrier billing, SMS messaging, SMS authentication, and voice solutions. The company’s carrier billing service enables large media organizations, television and radio stations, and mobile content providers to monetize their audiences across over 20 countries. Through its SMS messaging platform, Echovox boasts an impressive 99% opening rate, facilitating the delivery of hundreds of millions of secure messages annually to various sectors, including banks and e-commerce sites. Additionally, Echovox offers SMS 2-factor authentication tools via its API, ensuring enhanced security for businesses and their customers. The company's voice solutions provide access to toll-free numbers, local landlines, and premium charge numbers, catering to a diverse range of clients and end users seeking reliable communication services.Echovox generates revenue through its transactional services, which are structured around partnerships with various organizations, including media companies and e-commerce platforms. The revenue model encompasses different service offerings, such as carrier billing and SMS messaging, which may involve client agreements based on usage levels or fixed subscription fees. For instance, clients leveraging the SMS messaging service may incur costs based on the volume of messages sent, while businesses utilizing SMS authentication tools can benefit from a pay-per-use pricing structure. This transactional framework allows Echovox to maintain a steady income stream while enhancing customer engagement for its clients through effective communication solutions. The company’s focus on high-security standards and reliability positions it as a trusted partner in mobile payment and communication services.Echovox plans to leverage its recent funding of USD 7.5 million from the Series B round to enhance its product offerings and expand into new markets. The company is currently designing upcoming products in SMS authentication and carrier billing enhancements, aiming for release within the next 18 months. There are specific plans to penetrate emerging markets in Asia and Africa by 2025, capitalizing on the growing demand for mobile payment solutions.

## Funding rounds

- Series B, Feb 12, 2007, $7.5M — Advent Venture Partners
- Series A, Jul 22, 2005, $5M — Rising Tide

## Investors

- Rising Tide — Series A
- Advent Venture Partners (https://capitalatlas.ai/funds/advent-venture-partners) — Series B