Solavei counts 65,000 members, pays out $1M in commissions

 

 

Solavei counts 65,000 members, pays out $1M in commissions

Solavei said it now counts more than 65,000 "members" on its service. The T-Mobile USA MVNO also said that it has paid out more than $1 million in commissions to its customers.

"We have seen a tremendous response since our nationwide launch with new members enrolling all across the United States, including Puerto Rico," said Ryan Wuerch, founder and CEO of Solavei. "Growing 100 percent monthly and paying more than $1 million in commissions in such a short timeframe shows the breadth and scalability of Solavei."

Solavei launched its service Sept. 21, and at the time said that it had signed up 25,000 customers before its launch. Two weeks after the company launched, it said it had made $5 million in revenue and increased its customer base to 30,000 customers.

In other Solavei metrics, Wuerch said 70 percent of Solavei's customers are SIM-only subscribers, meaning that they brought their own phones to the service instead of purchasing phones through Solavei. Customers can either purchase an unlocked phone and use it with the Solavei service or they can unlock their existing device and transfer it to Solavei's service.

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