Saturday, May 16, 2015

Bumble backed by Badoo to challenge Tinder

Bumble launched about six months ago and seems to be catching on. With around half a million users sending 200,000 messages per day, it’s growing about 15% every week, Wolfe claims. Some 60% of matches turn into conversations. While Bumble has not yet monetized and won’t disclose the details of its funding, Wolfe’s partner and major funder is Andrey Andreev, founder of Badoo, the multi-billion dollar European social network. Their Austin-based office has only six employees—and five of them are women.
Not sure if Bumble will take off, but it will be a big war between Tinder and Bumble.

Please see:
about Match Group spin-off

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