Ding, the largest international top-up platform for mobile phones, is pleased to announce that it has expanded its global footprint with the opening of its new US office in New Jersey. The move is the latest step in the next phase of growth for Ding, which had revenues of $500m in 2017, as the company expands to meet the growing demand for its service around the world.
Ding’s new home in the US – Bell Works, as it is known today – is the reimagining of the historic former Bell Labs building where the use of instant connection first became a reality. Bell Labs researchers completed the first transatlantic telephone cable connecting the US to Europe back in 1956, and also created the technology to make optical fiber practical, which in 1988 led to the laying of fiber optic cable across the Atlantic – making global connectivity a reality. Something which Ding is also making possible today through its platform.
The company boasts revenues of $500m in 2017 and is on track for significant growth in 2018 and beyond, with plans to scale up the business and make 50 hires in 2018.
As the share of pre-paid mobile phones continues to grow – with some operators reporting that almost 80% of global mobile phone users do so on a pre-paid basis or 90% of emerging market mobile phones – Ding’s business is going from strength to strength as demand soars for its top-up product from foreign workers abroad.
Through its extensive retail network, and relationships with the key operators, Ding say its US business will make it possible for the diaspora in the US to send top-up to family and friends in Cuba, Mexico, Haiti, Jamaica and the Dominican Republic, amongst others, in seconds.
Commenting on the expansion, CEO at Ding, David Shackleton said, "Our business has moved into the next phase of growth as demand for our product skyrockets. Our new US office is going to help us to meet that demand on the ground, and help us to continue to serve our users among the Latin American, Caribbean, African & Asian expat communities in the US."
He added, "This is all part of our ambitious 2020 Strategy – and will help us to continuously enhance the experience of our users, and serve our customers where we are needed most. Our new location in Bell Labs, which was the frontrunner in trying to achieve global connection, feels like a great fit for us."
Source: www.businessworld.ie
