You have ever heard about different apps and social media websites. Truecaller is one of the emerging and most used caller-identification service providers. It is one of the world’s largest call identification service providers. In a very rare estimate, it has concluded that Truecaller hits over 200 million users. In India, Truecaller’s largest market, the service now has 150 million monthly active users, it said.
Reaching the 200 million milestones gives the Swedish firm a significant lead over its Seattle-based chief rival Hiya, which as of October last year had about 100 million users. These are those apps that earn from ads.
About 200 Million Users:
An emerging caller identification through which millions of users get to interact with each other. Reaching the 200 million milestones Truecaller hits provides Truecaller a major lead over its Seattle-based chief rival Hiya, which as of October final yr had about 100 million customers.
The CEO of truecaller Alan Mamedi speaks onstage during TechCrunch Disrupt Berlin 2018 at Treptow Arena on November 30, 2018, in Berlin, Germany. (Photo by Noam Galai/Getty Images for TechCrunch).
How you can use Truecaller?
You can use this very easily, very simple user interface. Truecaller expands its caller id to spam monitoring messaging system VoIP and fintech products including UPI money transfers and payment service. The payment service is only available in India. Shortly, it will expand to African countries and then nearly to the whole world.
Fiscal Matters of TrueCaller:
The financial matters of this app are increasing with time. In a survey, it has been seen that premium offering is available for 70 cents a month in India. Mamedi said the company is experimenting with pricing in different markets. In the U.S., the same monthly subscription was priced at $2.99, for instance. A truecaller has been profitable in January 2020, and maybe it will increase more and more.
BERLIN, GERMANY – NOVEMBER 30: CEO of Truecaller Alan Mamedi speaks onstage during TechCrunch Disrupt Berlin 2018 at Treptow Arena on November 30, 2018, in Berlin, Germany. (Photo by Noam Galai/Getty Images for TechCrunch)
The move is in line with Truecaller’s current growth strategy which is aims at filing an initial public offering (IPO) by 2022. The company is also expected to launch a digital money lending service in the first quarter of this year. Truecaller is backed by investors such as Sequoia Capital, Atomico and Kleiner Perkins.
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