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In 50 Words: Airalo secures $60m for expansion as travel bounces back
Airalo, which uses eSIM tech to offer cheaper international mobile data packages, has secured US$60 million in a series B funding round. The firm will use the funding to expand following a Covid-induced hiatus for the travel sector.
Airalo’s monthly revenue has grown 20% in recent months, logging one million app downloads in the past three months. The company offers almost 700 different mobile data packages, serving customers in 200 countries.
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