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TextNow
TextNow is a Waterloo-born wireless company that gives people phone service for free by letting advertisers, not subscribers, foot the bill. Started in 2009 as a way to dodge texting fees, it has grown into the largest provider of free mobile phone service in the United States, offering unlimited talk, text, and free essential data over a nationwide 5G network through its app-based MVNO. With roughly 10 million monthly active users and revenue north of $100 million, TextNow built a real telecom business on a simple bet: communication should be a right, paid for by ads rather than by the people who can least afford a phone bill.
Derek Ting
Derek Ting is the co-founder and CEO of TextNow, the Waterloo-based company he started in 2009 at age 19 with classmate Jon Lerner while studying computer engineering at the University of Waterloo. What began as a scrappy solution to outrageous carrier text messaging fees has grown into the only U.S. mobile provider offering unlimited talk, text, and free essential data on a nationwide 5G network. The TextNow app has been downloaded more than 200 million times worldwide, making Derek one of the most consequential quiet disruptors in American telecommunications - building a profitable, venture-light company that serves millions of users who can't afford traditional phone service.