NEW AFRICAN START-UP RINGCREDIBLE TO CUT AFRICAN CONVERSATIONS BY 50%

 
Due to easy usage, a clear proposition and unbeatable low rates, phone app RingCredible is gradually claiming the international call market. After the earlier acquisition in May in Hong Kong of Yeloworld, RingCredible has now claimed African Jabbaworld. To fully engage the world competition a Dutch consortium consisting of PPM Oost and Brooklyn Ventures is investing over 1 million euro in RingCredible and the company expects to get more investments. Following this acquisition, Ringcredible has declared 50% off in calls to African countries. Some of the rates announced include: (Rates below are per minute and apply to calls from any location in the globe, including domestic calls.) Any location in the planet to: R0.50 Nigeria R 1.50 Ghana R1.30 Kenya R0.60 South Africa R0.90 Angola R0.16 USA/ Canada R0.16 China Ringcredible gives free airtime with first time recharge as part of its commitment to providing cheap foreign calls in Africa, Ringcredible is offering 30% additional airtime when users enter the promo code ITAfrica30 on their first airtime purchase. “It is our ambition that within two years, we will be the most used app worldwide for calls to any fixed and mobile numbers for only a few cents. We will be making acquisitions and further investments along the way. Our model is better and easier than others: you install the app and instantly make calls all over the world. Our focus is full-throttle growth”, says Hans Osnabrugge, CEO at RingCredible. Quick increase of international use RingCredible is free to download for everyone and is also brought to the public’s awareness by large companies such as CheapTickets, Air Canada and Flight Centre. For domestic callers the app is mainly used to supplement prepaid sim cards and by students who want to prevent exceeding the limit of their bundle allowance with their provider. The RingCredible app fills the gap between for free ‘between apps’ calls of unreliable quality and expensive calls through telecom providers. There are now 2.5 million and increasing users for the app that allows foreign calls to both fixed and mobile numbers and can be 90% cheaper. Costly ‘roaming’ is silenced by the app so therefore rates are extremely low: for both calls to and from abroad. The explosive growth of RingCredible is mainly due to foreign callers. Their number is expanding every month by 200.000. The figures of loyal users doubles monthly. With several million minutes per month RingCredible is the number one travel app in the app stores in more than 150 countries. Through collaborations with airline companies more and more travellers are getting to know the app. Osnabrugge: “Everyone can download the app for free and try it for free. As the number of users and minutes sharply increases, we are growing rapidly and therefore extra financial strength is needed.” In addition to the existing sales offices in Canada and Breukelen the company plans to expand in South America, Africa and Asia next year.