Kaleyra (KLR) Stock: Why It Increased 19.69%

By Amit Chowdhry ● Jul 21, 2022
  • The stock price of Kaleyra Inc (NYSE: KLR) increased by 19.69% in the previous trading session. This is why.

The stock price of Kaleyra Inc (NYSE: KLR) – a rapidly growing omnichannel business communications platform – increased by 19.69% in the previous trading session. Investors are responding positively to Kaleyra announcing that it powers customer communications for Moneyfarm, Europe’s leading digital wealth manager.

Kaleyra Video is known as a proprietary Kaleyra solution that helps businesses worldwide securely connect with their customers in real-time through an interactive audio/video channel. And this solution can be integrated with organizations’ websites, mobile applications, or associated software to offer a seamless customer experience.

Moneyfarm – a digital wealth manager with over 80,000 active investors and more than £2.2 billion invested on its platform – has integrated Kaleyra Video with its CRM (Customer Relationship Management) software and website for onboarding and advisory purposes. And Moneyfarm advisors use Kaleyra Video to connect with customers, set up customer accounts, and guide customers on their financial journeys. Kaleyra Video has already integrated into Moneyfarm’s web-based platform and is expected to be integrated into its mobile application in the future as well.

KEY QUOTE:

“While often relying on video to communicate with customers, data privacy and appearance are crucial elements of a successful platform offering. Kaleyra Video is trusted and customizable, allowing clients to both ensure a secure customer experience and tailor their interface’s branding assets. For a thriving digital wealth manager like Moneyfarm, Kaleyra provides a seamless solution that preserves brand identity and optimizes efficiency. We look forward to expanding our partnership with Moneyfarm in the coming quarters.”

— Kaleyra Executive Vice-President and Chief Business Officer Mauro Carobene

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.