What is IDT?
Founded in 1990 and headquartered in Newark, NJ, IDT is a multifaceted technology and communications company. Its core offerings span point-of-sale solutions, international money transfer services, and a range of fintech and communications products. The company's long operational history and broad service portfolio position it as a significant player in multiple technology-driven markets.
How much funding has IDT raised?
IDT has raised a total of $42.8M across 1 funding round:
Stock Offering
$42.8M
Stock Issuance/Offering (1996): $42.8M, investors not publicly disclosed
What's next for IDT?
The recent major strategic investment into IDT signals a commitment to further development and expansion of its existing business lines. Given the company's diverse operations, this capital infusion is likely to support enhancements in its fintech services, international money transfer capabilities, and point-of-sale technologies, aiming to solidify its competitive edge and explore new growth avenues within the enterprise technology landscape.
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