Gigs Raises $73M Series B to Embed Mobile Services via BaaS Platform
Gigs announced a $73 million Series B funding round led by Ribbit Capital in December 2024. The company operates as an embedded operating system that allows technology companies to integrate mobile services, including telecom, directly into their product offerings, creating new revenue streams. Existing investors Google's Gradient, Y Combinator, and Speedinvest participated in the round.
Gigs plans to use the capital to expand its geographic footprint and develop an expanded suite of products and services. The platform's model closely mirrors Banking-as-a-Service principles by enabling non-telecom companies to offer connectivity services without building infrastructure from scratch. The raise reflects continued investor appetite for embedded infrastructure platforms that blur traditional industry boundaries.
- Demonstrates investor confidence in embedded infrastructure platforms beyond traditional financial services
- Expands the BaaS model into telecom, signaling convergence of embedded finance and embedded connectivity