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Italian CPaaS Company Secures $9 Million Loan to Expand

Italian cloud communications company Kalerya provides mobile communication services for financial institutions and enterprises of all sizes worldwide. Kaleyra offers its customers a proprietary cloud-based platform that gives users a multichannel suite of communications media, including push notifications, e-mail, instant messaging, voice services and chatbots.  It also manages the services on their behalf. Kalerya’s solutions are delivered via a secure system of application programming interfaces (APIs) and connectivity solutions in the API/communications platform-as-a-service (CPaaS) market.

The company’s platform safely and securely manages billions of messages monthly with a reach to hundreds of MNOs and over 190 countries.

With an eye toward expanding and adding new product offerings, the company recently announced that its subsidiary, Kaleyra S.p.A., has entered into a general unsecured loan agreement with Intesa Sanpaolo, S.p.A. of Italy in the amount of 7.9 million Euros, or $9.0 million. The loan is guaranteed by SACE S.p.A., the Italian state-owned export credit finance agency, and is made pursuant to a program to address COVID-19 and Italian Government support for Italian businesses.

“We are pleased to have the support of such a well-respected lender like Intesa Sanpaolo,” said Dario Calogero, Kaleyra’s Founder and Chief Executive Officer, in a statement. “As we continue to execute upon our strategy of building our communication platform/API, adding complementary products, technologies and customers, particularly in the U.S., we believe this influx of capital, when combined with the $32.75 million we secured in June, will be instrumental as we execute on our value-building initiatives.”

An additional $6 million of funding from the same bank but with a guarantee from a second government agency is expected to be received by Kaleyra S.p.A. in the next few weeks.

In a world that has had to grow increasingly more reliant on digital transactions, Kaleyra is well positioned, both strategically and financially, to further build out our platform, support enterprises and enable transactions in a secure and compliant manner, driving future growth.


Edited by Erik Linask