About Pennytel
Pennytel is a company based in Melbourne (Australia) founded in 2016 was acquired by MNF Group in November 2012. It operates as a Subscription Services, and Pay-per-Use / Usage-Based. Pennytel offers products and services including Mobile Plans, Business Grade NBN, and Cloud PBX. Pennytel operates in a competitive market with competitors including 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others.
- Headquarter Melbourne, Australia
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Sectors
Telecommunications
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Email
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Phone
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Website
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Social
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Products & Services of Pennytel
Pennytel offers a comprehensive portfolio of products and services, including Mobile Plans, Business Grade NBN, and Cloud PBX. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Mobile plans with data and unlimited calls offered.
Fast and customizable NBN internet for businesses provided.
Cloud-based phone system for businesses is delivered.
Funding Insights of Pennytel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Pennytel
Pennytel has secured backing from 1 investor. Prominent investors backing the company include Symbio. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Symbio is recognized as a provider of cloud communication solutions in Asia-Pacific.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Pennytel
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Pennytel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pennytel Comparisons
Competitors of Pennytel
Pennytel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as 1&1 IONOS, Vonage, BlueCat, Viatel and Arkadin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of contact center business communication solutions
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Cloud-based DNS, DHCP appliances, and security solutions are provided.
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Connectivity, voice, and data center solutions are provided by Viatel.
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Global audio, web, and video conferencing solutions are provided.
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Business telecom and contact center services are provided to enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Pennytel
When was Pennytel founded?
Pennytel was founded in 2016.
Where is Pennytel located?
Pennytel is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
What does Pennytel do?
Pennytel is established as a telecommunications provider in Australia, offering mobile plans, business-grade NBN internet, and cloud PBX solutions. Services are provided to residential, business, and enterprise clients across various sectors. Coverage is extended to 98.8 of the Australian population through partnerships with trusted networks like Telstra. Future-proof telecommunication solutions are delivered for organizations seeking cost-effective and reliable connectivity. Local customer support is ensured, and flexible plans are tailored to meet diverse needs throughout different life stages.
Who are the top competitors of Pennytel?
What products or services does Pennytel offer?
Pennytel offers Mobile Plans, Business Grade NBN, and Cloud PBX.
Who are Pennytel's investors?
Pennytel has 1 investor. Key investors include Symbio.
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