iQSTEL

What iQSTEL does

iQSTEL (NASDAQ: IQST) is a US-domiciled, Coral Gables-headquartered multinational technology holding company operating three divisions — Telecom, Fintech, and AI Digital — built primarily through twelve controlling-interest acquisitions completed since founding in 2018. The Telecom division provides international voice termination, A2P/SMS messaging, data connectivity, and VoIP services to more than 600 telecom operators across 21 countries on four continents, reaching approximately 2.3 billion end users via an asset-light model that leases capacity across carrier interconnections. In FY2025 the platform processed 17.4 billion SMS messages (up 25% YoY) and 4.5 billion voice minutes. The Fintech division operates through GlobalMoney One (remittances, top-up, Mastercard services) and the May 2025 acquisition of GlobeTopper (B2B top-up, digital gift cards, remote bill pay), which alone generated $13M of Q1 2026 revenue and represented 42% of consolidated gross profit.

The AI Digital division, built around the 2023 Reality Border acquisition and the September 2025 Cycurion Strategic AI Cybersecurity Alliance, deploys proprietary AI digital agents (AIRWEB.ai, IQ2Call.ai), the IQCortex enterprise orchestration platform launched at MWC Barcelona 2026, and Cycurion's ARx threat-detection platform integrated via a secure Model Context Protocol. Reported revenue mix is approximately 80% telecom (usage-based, very low gross margin) and 20% fintech (transaction fees), with AI and cybersecurity revenue currently negligible but targeted to reach seven-digit annual run rate by 2027. iQSTEL completed its NASDAQ uplisting in 2025, achieved positive adjusted EBITDA of approximately $2.7M for FY2025 on $316.9M of revenue, became debt-free through a $6.9M debt-to-equity conversion in July 2025, and is guiding to $430M of FY2026 revenue and $1B by 2027, with the pending 51% acquisition of Ghana-based Ultranet Telecom Group expected to push annualized run rate above $500M.

Name

iQSTEL

Legal name

iQSTEL Inc.

Website

https://iqstel.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

iQSTEL is a NASDAQ-listed multinational telecom and technology holding company operating Telecom, Fintech, and AI Digital divisions that serve 600+ telecom operators across 21 countries, reaching approximately 2.3 billion end users with international voice, SMS, fintech, and AI-driven services.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wired and Wireless Telecommunications (except Satellite) (5171), Wired Telecommunications Carriers (517111), Telecommunications (517)

SIC

Services-Telephone Interconnect Systems (7385), Communications Services, Nec (4899)

akta.pro primary industry

Model Serving, Inference & Deployment Platforms (APIs, Edge/On-Prem) (HDAEANAC)

Keywords

• International telecom services
• Wholesale voice termination
• SMS messaging services
• Fintech payment solutions
• AI customer service

Headquarters

HQ city

Coral Gables

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Telecommunications Services: IQSTEL's core business provides international voice, SMS/A2P messaging, and connectivity services to telecom operators worldwide through an asset-light model leasing telecom capacity across 600+ carrier interconnections. Revenue is generated on a usage/volume basis. FY2024 revenue was $283M; FY2025 revenue was $316.9M. Approximately 80% of the $400M revenue run rate comes from telecom.
2. Fintech Services: Fintech division includes B2B payments, cross-border transactions, digital financial services, mobile top-up, remittances (via GlobalMoney One), and digital gift card programs with remote bill pay (via GlobeTopper). GlobeTopper contributed $13M in quarterly revenue and is expected to generate $34M in H2 2025 revenue. Approximately 20% of the $400M revenue run rate comes from fintech.
3. AI-Powered Communications Services: AI services including AIRWEB.ai (telephone support agents), IQ2Call.ai (contact center solutions), and IQCortex (enterprise AI orchestration platform) are distributed through the global telecom platform to telecom operators and enterprise clients, targeting seven-digit annual revenue by 2027.
4. Cybersecurity Services: AI-enhanced cybersecurity solutions developed through the Reality Border and Cycurion partnership, integrating Cycurion's ARx platform with IQSTEL's AI agents to provide proactive threat detection for telecom operators and enterprise clients across 20+ countries. Cybersecurity gross margins projected at 25%+.
5. Digital Health Services: Digital health solutions leveraging IQSTEL's global telecom platform reaching ~600 telecom operators and 2.3 billion end users, offering IoT medical devices, cloud-based platforms, remote patient monitoring, and AI-driven healthcare analytics. Launch planned at International Telecoms Week 2026.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

iQSTEL is a global telecommunications and technology holding company operating a unified platform that delivers international voice, SMS/A2P messaging, and connectivity services to 600+ telecom operators across 21 countries, reaching approximately 2.3 billion end users. The company extends this telecom distribution platform into fintech services (B2B payments, cross-border remittances, mobile top-up, and digital gift cards via GlobalMoney One and GlobeTopper) and AI-powered digital services (AIRWEB.ai, IQ2Call.ai, IQCortex.ai, plus Cycurion-partnered cybersecurity). Operations follow an asset-light model that leases carrier interconnections to monetize traffic on a usage basis.

Product overview

iQSTEL is a multinational technology holding company operating as a unified platform-plus-subsidiaries architecture with three core strategic divisions: Telecom, Fintech, and AI Digital. The Telecom division (IQSTEL Telecom) encompasses subsidiaries including Qxtel, Etelix, SwissLink, QGlobal SMS, Whisl, Smartbiz Telecom, IoTLabs, and It's BChain, providing international voice, SMS/A2P messaging, connectivity, VoIP, fiber-optic, and IoT services. The Fintech division (IQSTEL Fintech) includes GlobalMoney One and GlobeTopper, offering B2B payments, cross-border transactions, remittances, mobile top-up, digital gift cards, and Mastercard services. The AI Digital division includes Reality Border subsidiary and the Cycurion partnership, deploying proprietary AI platforms (AIRWEB.ai, IQ2Call.ai, IQCortex.ai) for AI-powered customer service, cybersecurity via Cycurion's ARx platform, and digital health services. The company serves over 600 telecom operators with access to approximately 2.3 billion end users across 21 countries on 4 continents.

Differentiator

Problem solved

Functional benefit

Brands

• IQSTEL Telecom: Telecommunications division offering international voice, SMS/A2P messaging, connectivity services, and enterprise communication solutions
• IQSTEL Fintech
• IQSTEL AI Digital
• Reality Border
• Qxtel
• etelix
• SwissLink
• QGlobal SMS
• whisl
• smartbiz Telecom
• IoTLabs
• GlobalMoney One
• GlobeTopper
• AIRWEB
• IQ2Call
• IQ2Cortex / IQCortex
• GlobeTopper

Products and services

• International Voice & Connectivity Services Wholesale international voice termination and data connectivity provided to telecom operators worldwide through 600+ carrier interconnections across 21 countries; processes approximately 4.5 billion voice minutes annually on an asset-light, usage-priced model.
• SMS / A2P Messaging Services Application-to-Person (A2P) SMS messaging services delivered to telecom operators and enterprise clients; processed 17.4 billion SMS messages in FY2025, up 25.18% year-over-year from 13.9 billion.
• GlobalMoney One Remittances & Mobile Top-Up Cross-border remittance, mobile top-up, and Mastercard-branded financial services offered to telecom operators and their end users through GlobalMoney One, distributed via the IQSTEL carrier network across 20+ countries.
• GlobeTopper B2B Top-Up & Digital Gift Cards B2B Top-Up solutions, digital gift card programs, and remote bill pay services for telecom operators and resellers across the Americas, Europe, and Africa.
• AIRWEB.ai AI Digital Agent Proprietary AI-powered digital agent that provides immediate, courteous first responses to callers during periods when live agents are unavailable, capturing context for human support teams; sold to telecom operators and enterprise clients.

Quantifiable outcome

• FY2024 revenue of $283M representing 96% year-over-year growth
• +9 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship, core and growth.

• Ultranet Telecom GroupflagshipStrategic or Co-development Partner · 4 June 2026IQSTEL signed a binding MOU to acquire a 51% controlling interest in Ghana-headquartered Ultranet Telecom Group in June 2026. Ultranet operates telecommunications and technology services across Africa and international markets (six West African nations with commercial activities in Europe, Asia, and North America). CEO Raymond Oppong-Dapaah and management team remain in place. The acquisition is expected to close in Q3 2026 pending due diligence and regulatory approvals, with 60% of consideration contingent on Ultranet meeting specified net income targets over 24 months. The deal is projected to push IQSTEL above a $500M annualized revenue run rate.
• Alhambra ITcoreTechnology or Integration · 12 May 2026Spain-based Alhambra IT partnered with IQSTEL to deploy its proprietary AI-powered digital agents (AIRWEB.ai, IQ2Call.ai) across European companies' customer service operations. Alhambra IT integrates its telecom infrastructure with IQSTEL's platform, providing a dedicated management interface for clients, combining intelligent automation with human expertise to reduce missed calls and improve responsiveness. The collaboration represents growing AI-powered communication technology adoption across Europe.
• Digital Health Technology Company (unnamed)growthStrategic or Co-development Partner · 7 April 2026IQSTEL signed a Non-Binding Commercial MOU with a digital health technology company in April 2026 to establish a strategic partnership entering the multi-billion-dollar Digital Health market. The partnership leverages IQSTEL's global telecom platform (~600 telecom operators, 2.3 billion end users) to commercialize digital health services including IoT medical devices, cloud-based platforms, remote patient monitoring, and AI-driven healthcare analytics. Joint solutions are planned for launch at International Telecoms Week 2026.
• Cycurion Inc. (NASDAQ: CYCU)coreStrategic or Co-development Partner · 1 September 2025IQSTEL and Cycurion formed a Strategic AI Cybersecurity Alliance in September 2025, executing a $1M stock exchange (each company holding $500K in the other). The companies co-develop AI-driven cybersecurity technologies, threat intelligence applications, and identity-driven security solutions targeting telecom operators, financial institutions, and enterprise clients across 20+ countries. Phase One of the joint cybersecurity rollout was completed, integrating Cycurion's ARx platform with IQSTEL's Reality Border AI agents (Airweb.ai, IQ2Call.ai) via a secure Model Context Protocol. A modified agreement in December 2025 resulted in each company distributing $500,000 worth of its own shares as a one-time pro-rata dividend to shareholders, demonstrating continued long-term commitment while retaining the full $1M cross-holding positions.

Scale indicators46 records

Recent moves9 records

Expansion highlights8 records

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IQstel
• YouTubeyoutube.com/@iqstel
• Facebookfacebook.com/iqstel
• LinkedInlinkedin.com/company/iqstel
• Instagraminstagram.com/iqstel_iqst

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries12 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A8 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iQSTEL