[2] Tyntec was founded by entrepreneurs Dr. Ralph Eric Kunz and Thorsten Trapp in 2002.
[4] In June 2008, tyntec founders sold a minority share of the company to HarbourVest, an independent global alternative investment firm.
In December 2010, tyntec received investment from Iris Capital, a pan-European growth fund specializing in technology, media and telecommunications.
[6][7] tyntec has built and developed a scalable proprietary patent-protected technology infrastructure that is installed at the operator level, which gives it direct operator-level connectivity to the GSM network.
[9] Competitors are Sinch, Soprano Design, Twilio, Infobip, Vonage (Nexmo), Clickatell, and BICS (TeleSign).