Kaleyra Announces Two New Agreements with Top Financial Institutions from k-lab Initiatives
November 25 2020 - 08:30AM
Business Wire
Kaleyra, Inc. (NYSE American: KLR) (KLR WS) (“Kaleyra” or the
“Company”), a rapidly growing cloud communications software
provider delivering a secure system of application programming
interfaces (APIs) and connectivity solutions in the
API/Communications Platform as a Service (CPaaS) market, today
announced two new agreements with top banking customers stemming
from the Company’s k-lab initiative, an innovation lab dedicated to
developing solutions for the financial services industry.
The first new agreement involves deployment of a proprietary A2P
solution for Mastercard’s banking customers in Latin America &
the Caribbean. The deployment of this new product is already
underway, and the Company expects to roll out this solution to new
regions with Mastercard in the future.
The second new agreement to come from the k-lab initiative is an
innovation project from one of the top 5 US Banks to help redesign
digital onboarding processes and systems. The company expects this
new project to deploy in the fourth quarter of 2020.
“It is incredibly encouraging to see k-lab start strong out of
the gate with two high impact projects for blue chip customers just
six months into the initiative. We will continue to use the
expertise and innovation of our k-lab team to add even more value
to our financial services offerings, which we believe will open the
door to many more exciting new opportunities for the company. With
momentum already building, we anticipate many more projects to come
out of k-lab in the fourth quarter and beyond,” said Dario
Calogero, Chief Executive Officer of Kaleyra.
About Kaleyra
Kaleyra, Inc. (NYSE American: KLR) (KLR WS), is a global group
providing mobile communication services for financial institutions
and enterprises of all sizes worldwide. Through its proprietary
platform, Kaleyra manages multi-channel integrated communication
services on a global scale, comprising of messages, push
notifications, e-mail, instant messaging, voice services and
chatbots. Kaleyra’s technology today makes it possible to safely
and securely manage billions of messages monthly with a reach to
hundreds of MNOs and over 190 countries. For more information:
https://www.kaleyra.com/.
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version on businesswire.com: https://www.businesswire.com/news/home/20201125005637/en/
Michael Bowen ICR, Inc. Michael.Bowen@icrinc.com
203-682-8299
Marc P. Griffin ICR, Inc. Marc.Griffin@icrinc.com
646-277-1290
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