Ribbit Capital led a $73M Series B round in Gigs.

Ribbit Capital, a private equity firm, led a $73M Series B round in Gigs, a telecommunications company, with participation from Gradient, YC and Speedinvest. “We believe that getting a phone plan should be as easy as ordering an Uber, not as complicated as leasing a car at a dealership. The truth, however, is that phone plans are stuck in the past: analog, uniform, and, frankly, unloved. Extremely high barriers to entry have kept innovation out of the industry for too long. Now, the world’s leading product companies can bring this innovation to their users. Gigs breaks down these hurdles by empowering any tech company to distribute phone plans directly through their apps, transforming connectivity from a standalone commodity into a core, customizable feature of every digital product experience. Ribbit has a proven track record of upending markets burdened by incumbent lethargy. We were impressed by the team’s vision so when the offer came to lead our Series B, it felt very natural to lean in,” Hermann Frank, Gigs Co-Founder and CEO.