Members Mobile
The new Mobile & Financial Experience for Credit Union Members.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | $43.9k Valuation: $17.9m | Seed | |
| Total Funding | 000k | ||
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Members Mobile is a startup focused on revolutionizing the mobile financial experience for credit unions (CUs) and Credit Union Service Organizations (CUSOs) in the United States. The company aims to provide simple, high-quality, and cost-effective mobile plans tailored to the needs of 130 million members across 5,000 US credit unions.
Members Mobile operates in the Mobile Virtual Network Operator (MVNO) market. MVNOs purchase network capacity from major Mobile Network Operators (MNOs) like Verizon, AT&T, and T-Mobile. They then package and sell their own mobile plans to specific target markets. In this case, Members Mobile is targeting the credit union sector, which is a large and well-defined affinity group.
The business model of Members Mobile is built on strategic partnerships with credit unions and CUSOs. These partnerships are crucial for customer care, service integration, data analytics, marketing platforms, and distribution. By leveraging these relationships, Members Mobile ensures that its services are well-aligned with the needs of credit unions and their members.
Members Mobile generates revenue by selling mobile plans to credit union members. These plans are designed to offer the best value for money, combining simplicity and high quality. The company benefits from the growing MVNO market, which is expected to increase by 50% over the next five years. This growth is driven by MNOs' interest in targeting large affinity groups to capture wholesale revenues and traffic on their networks.
The leadership team at Members Mobile includes experienced entrepreneurs and former top executives from the telecom and technology industries. Notably, Jonathan Taylor, the CEO of CUSOL, and Gary Brandt, an expert in strategy and sales, bring valuable relationships and expertise to the company.
In summary, Members Mobile is well-positioned to capitalize on the growing MVNO market by providing tailored mobile plans to credit union members, supported by strong industry partnerships and an experienced leadership team.
Keywords: MVNO, credit unions, mobile plans, partnerships, data analytics, customer care, service integration, marketing platforms, telecom, technology.