Santa Clarita, California, United States
Celitech Inc. is a B2B eSIM platform founded in 2018 by Ahmad Fares, enabling travel companies such as online travel agencies and fintech players to offer co-branded international cellular data plans to their customers via a one-click checkout integration. The company operates on a dual revenue model combining per-trip eSIM fees and a subscription fee for white-label branding, and had launched its API commercially in late 2020 and January 2021.
As of October 2021, Celitech reported approximately $240,000 in annualized revenue, eight customers, and coverage across 50 countries, with plans to expand to 150 countries by Q1 2022. The company was actively raising a $1.5 million seed round at a $7 million pre-money valuation, having previously funded operations through $500,000 of founder capital and $400,000 raised from angel investors.
Fares, who previously co-founded Acsis, which had grown to over $10 million in ARR by the time of the interview, brought both domain expertise and personal capital to Celitech. The company had nine team members as of October 2021 and held a pipeline of major online travel agencies representing over 80% of the OTA market, with one signed partner projected to generate $20 million in ARR once live.