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Homegrown digital-first telco Circles.Life has announced plans to expand its presence across the APAC region and beyond.
Commencing with the launch of Circles.Life Taiwan in June 2019, the growth journey will be followed with the launch of services in Australia.
In both countries, the telco plans to roll out digital mobile solutions as the first step in creating a platform of personalised digital services.
In that line, the company aims to grow the global team, including expanding the Singapore engineering team by 50% by the end of 2019, making it Circles.Life’s global tech hub. The digital-first telco currently has about 260 employees in Singapore, of which 110 are engineers.
Moving forward, the company plans to launch services in more than five countries in the next 18 months.
This announcement follows a successful funding round led by Government-linked strategic investor, EDBI with participation from Silicon Valley-based Founders Fund, to build a tech hub in Singapore and continue to innovate in the personalised digital services space in Singapore and beyond.
This latest round of financing will also bolster Circles.Life’s capital resources and back the Singapore-based company to go global. The company also announced that it has successfully grown its subscriber base by more than nine times from Q1 2017 to Q1 2019.
Abhishek Gupta, Co-founder of Circles.Life, said: “We have raised the bar in Singapore’s telco space and will continue our effort to digitise the global mobile services industry – delighting consumers with highly personalised digital services. We are very proud that both local and international blue-chip investors, whose visions are very much aligned with Circles.Life’s, are supporting us on this mission. This is a solid testament to the impact that we’re bringing to the industry.”
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