Baycon Lands Seed Investment for Global eSIM Network Expansion
Baycon, a global startup that offers ‘eSIMEasy‘ in Korea and ‘Poke eSIM‘ in Japan through local network-based services, has secured seed funding. This investment round included contributions from Silicon Valley’s 500 Global and the Middle Eastern venture capital firm, Shorooq Partners.
eSIMEasy provides users with high-speed data services on local networks, offering faster and more reliable connections than traditional roaming networks. Users can enjoy unlimited calls within Korea and internationally through the eSIMEasy app. The product that provides a local phone number is also gaining popularity. eSIMEasy’s appeal lies in its offering of up to 5G speeds and unlimited data, enabling users to save an average of over 73% compared to roaming fees.
Baycon was founded by CEO Seo Yong-jun. Seo has previously developed a variety of communication app platforms including Poke Fax with Softbay, a mobile fax app used by around 100,000 small and medium-sized businesses in Japan, and ‘Everyone’s International Calls,’ a leading international call app in Korea. Baycon has expanded its reach by securing direct connections with local mobile operators in Korea and Japan, as well as global mobile virtual network operators (MVNOs) like Orange France, PLDT Smart in the Philippines, and leading operators in Vietnam. Leveraging these connections, Baycon plans to extend its services to approximately 20 countries, including Vietnam, Taiwan, Indonesia, the USA, and the Middle East, moving beyond Korea.
CEO Seo Yong-jun of Baycon shared, “We aim to launch our eSIM platform in over 10 countries globally by the first half of this year, making it easier for travelers to access the same communication services locals use.”
Kyeongmin Kim, Partner at 500 Global, and Shin Yu-geun, CEO of Shorooq Partners, who co-led this investment round, said, “eSIM technology is rapidly emerging as a significant trend, offering high potential for global expansion in today’s increasingly travel-centric and globally connected society. We decided to invest in Baycon because of its vast experience in the global telecommunications market and its capability to increase its market share in regions including Japan, Korea, the Middle East, Southeast Asia, and South America.”
[Korean Traveltech Startup News]
- Bizplay Secures 3B KRW from Yanolja for Strategic Travel Services Collaboration
- Ahmo Travel Attracts Investment to Expand Unique Adventure Travel Experiences
- Yanolja Launches US Office as Part of Global Expansion, Eyes North American Market
- ONDA Partners with Seed Group for Hotel Industry Digitalization in Middle East and North Africa
- K-visa Attracts Strong Ventures Investment, Revolutionizing Foreign Visa Services in Korea
- ‘Live Anywhere’ Expands to Malaysia, Enhancing Global ‘One-Month Stay’ Options
- Heart-Travel Secures Seed funding to Expand Unique Dating Platform
- Forparents Raises Seed Investment for Innovative Senior Travel and Concierge Services
- Myrealtrip, a Korean Travel Super App, Attracts KRW 75.6 Billion in Investment, Expands Market Reach
- South Korean Travel Startup Live Anywhere Raises KRW 5 Billion in Series A Funding
