IDT Business Summary

IDT Corporation (IDT) is a global provider of fintech and cloud communications services, operating through a diversified revenue model that includes recurring SaaS subscriptions, transaction-based fees, and usage-based telecommunications charges. The company’s operations are divided into four primary segments: National Retail Solutions (NRS), which provides point-of-sale (POS) and payment processing for independent retailers; Fintech, centered on the BOSS Money international remittance service; net2phone, a provider of Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS); and Traditional Communications, which manages legacy international calling and mobile top-up services. IDT competes directly with firms such as ATN International, Lumen Technologies, RingCentral, and Remitly. Within this landscape, IDT distinguishes itself as a hybrid growth play, leveraging the steady cash flows of its mature telecom business to fund high-margin, digital-first expansions into underserved immigrant and small-business niches. IDT was founded in 1990 by Howard Jonas, who remains the Chairman of the Board and a dominant influence on the company’s strategic direction. The current executive leadership team is led by CEO Shmuel Jonas, who has overseen the company’s pivot toward fintech since 2014, and President and COO Bill Pereira, a veteran executive focused on operational value creation. The C-suite is rounded out by CFO Marcelo Fischer, who has managed the company’s financial strategy since 2019, and CTO David Wartell, who leads the firm’s AI and cloud technology initiatives. Recent leadership updates include the appointment of Alexis Segal as President of IDT Global in February 2026. The company maintains a strong institutional investor base, with significant holdings from BlackRock, Vanguard, and Renaissance Technologies, alongside substantial insider ownership by the Jonas family.