Although you’d have to brave the Nasdaq Stockholm Exchange to own its shares, I think Sinch — which competes with San Francisco-based Twilio TWLO — could be a stock worth buying. In December 2020, Softbank bought $690 million worth of stock in Sinch — about 6.4 million shares, according to Capacity. For example, in May 2020 Sinch announced it would pay $250 million for SAP’s SAP Digital Interconnect unit — with 1,500 enterprise customers — to run omnichannel communications, noted TechCrunch. “The addressable connectivity market for text messages is $18 billion, $15 billion for voice, and $4 billion to $5 billion for video. By 2030, he expects 90% CPaaS market penetration.

Source: Forbes February 06, 2021 15:03 UTC