Newfund to take an equity stake in mobile transfert service Joxko

24 January 2012

Newfund to take an equity stake in mobile transfert service Joxko

Joxko (a Tellus service) allows users to transfer call units to friends and family abroad at a fraction of the cost of existing money transferring solutions.

The service is available from anywhere in the world (www.joxko.com) to 11 African countries to date.

The current equity round is dedicated to international expansion, including Asia and South America.