As a startup, FreedomPop has had to do a considerable amount of fundraising. This is natural for a new company looking to expand its services. However, FreedomPop has made a major dent in its industry rather quickly. The startup based out of LA has been working in the mobile phone industry for only three years now, and yet it is starting to change the world and how consumers look at their mobile phone bills. Most customers who look at their mobile bills monthly and who use a major service provider would agree they are paying way too much money for their services. FreedomPop has set out to change that, first within the United States, and secondly outside of the U.S. to an international market. That is what the last batch of fundraising has been about for FreedomPop. The company wants to offer inexpensive international calling services, which is exactly why it is doing everything it can to make sure customers can find the right service at the right price.
Recently, FreedomPop brought in $50 million through its fundraising. It has been able to take this money and invest it back into the company by working with international service providers. With the deals, FreedomPop can offer individuals some rather inexpensive services when they travel overseas.
While the services work in 25 countries now, it is the plan to extend this beyond 40 countries by the end of the year. There are two different service plans put into place for this. The first is a global Hotspot service. By paying $49.99, individuals have access to this Wi-Fi connection. When hooked up through Wi-Fi, they are able to access unlimited text, voice and data. Of course, an individual is not always going to be able to connect to the Wi-Fi while they are traveling. When this is the case, for just $10, an individual can purchase an international SIM card from FreedomPop. This SIM card gives them access to 200 MB of data throughout these 25 (soon to be over 40) countries. If they need more data, they can purchase 500 MB increments at $10 a pop.