About weex
weex is a company based in Mexico City (Mexico) founded in 2015 was acquired by YO Mobile in August 2019. It operates as a Pay-per-Use / Usage-Based. weex offers products and services including CONECTA 7D, CONECTA 30D, and CONECTA + FB. weex operates in a competitive market with competitors including MasMovil, Ultra Mobile, Circles.Life, Boost Worldwide and Vodacom, among others.
- Headquarter Mexico City, Mexico
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Sectors
Telecommunications
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Phone
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Website
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Social
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Products & Services of weex
weex offers a comprehensive portfolio of products and services, including CONECTA 7D, CONECTA 30D, and CONECTA + FB. 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.
A 7-day plan with 1000MB and unlimited calls.
A 30-day plan with 2000MB and unlimited calls.
A 30-day plan with extra Facebook data included.
Funding Insights of weex
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2016 | Amount | Series A - weex | Valuation |
investors |
| 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 |
Investors in weex
weex has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include ALLVP and YO Mobile. 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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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location | |
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Offers affordable mobile plans with unlimited calls and data for US-Mexico families.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by weex
| 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 - weex
| 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 |
Weex Comparisons
Competitors of weex
weex 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 MasMovil, Ultra Mobile, Circles.Life, Boost Worldwide and Vodacom, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile internet, calling, and telecommunications services are provided across Spain.
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| domain | founded_year | HQ Location |
T-Mobile MVNO offering unlimited talk & data plans with international calling
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| domain | founded_year | HQ Location |
Data-focused mobile plans are provided by online MVNO Circles.Life.
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| domain | founded_year | HQ Location |
Prepaid cell phones & no contract plans
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| domain | founded_year | HQ Location |
Mobile telecommunication services are provided by Vodacom in South Africa.
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| domain | founded_year | HQ Location |
Roaming data services for travellers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about weex
When was weex founded?
weex was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is weex located?
weex is headquartered in Mexico City, Mexico.
What does weex do?
Mobile telecommunication services are provided by weex across Mexico. Various prepaid plans with data, unlimited calls, and social media access are offered. Coverage is ensured through one of the largest 4G LTE networks in the country. SIM cards can be ordered with free or express delivery options. Additional packages for messaging, music, and mobility are also made available to complement plans.
Who are the top competitors of weex?
weex's top competitors include MasMovil, Circles.Life and Ultra Mobile.
What products or services does weex offer?
weex offers CONECTA 7D, CONECTA 30D, and CONECTA + FB.
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