Description
PhoneX Holdings Inc is building the dominant cloud-based, software-as-a-service solution for the wholesale exchange of preowned mobile devices. PhoneX Holdings works with mobile carriers and mobile handset distributors to facilitate commerce related to pre-owned mobile devices. It operates two distinct models Proprietary Trading Model, through which it purchases devices utilizing its balance sheet via its subsidiary Sell Cellular LLC, and the Platform Partnership Model, through which it enables its partners to license its software via its subsidiary. It generates revenue by licensing its software as a service to third parties.
