Headquartered in Austin, TX with a 40+ seat software development group in Belgrade, Serbia, Valorus is a wholly owned fintech subsidiary of Carnegie Technologies Holdings, LLC.
Our founders come out of the wireless communications industry. Starting in 1990 as a local paging operator in San Antonio, TX, the company made an early move into cellular as an authorized agent for Southwestern Bell Mobile Systems and after dominating the local market expanded to 6 other markets before selling to SBMS in 1998.
We won PCS licenses in FCC auction 58 covering San Antonio and South Texas, and from 2006-2010 we built and operated a 500 cellsite CDMA cellular network as Pocket Communications. Pocket achieved industry record first year market penetration of over 10%, turned cashflow positive in 6 months, after growing to 400K subscribers had a $200M exit to Cricket Communications (subsequently acquired by ATT) and subsequently formed Carnegie Technologies with the goal of creating new revenue platforms to be white-labeled for Mobile Network Operators and other enterprise clients with large subscriber bases.