Social Mobile Receives $35M Credit Facility from Citi

social-mobile

Social Mobile, a Miami, FL-based leader in delivering custom enterprise mobility solutions, secured a $35m senior credit facility from Citi.

Funding will provide Social Mobile with the capital to continue its growth, develop new products and services, continue expansion into overseas markets, and make strategic acquisitions in the enterprise mobility space.

Social Mobile is a mobility solutions provider focused on providing services critical to organizations looking to deploy and/or bring to market innovative mobile products. They design, engineer, and manufacture solutions that enable clients to bring smart devices to market efficiently, while also taking the burden of deploying and supporting these devices off their plate.

The company recently launched Social Mobile ONE, a DaaS offer combining its hardware, software, managed services, and wireless connectivity solutions into a monthly, per device subscription. ì

FinSMEs

31/03/2023