OPW – May 31 – Subscribe here. We promise to be interesting, save you time and keep you informed.
Month: May 2020
Kippo Raises $2M for a Dating App for Gamers
VENTURE BEAT – May 28 – Kippo has raised $2M for a dating app for gamers who want to find like-minded companions. Primer Sazze Partners led the round, with participation from Tinder executives and partners at Eaton Workshop, NextGen Venture, and IHeartComix. The capital will primarily be used to expand the interactive features on the app. The name for the company comes from a Korean word, and it's a twist on "happiness". The grand vision is to create a platform for everybody, a platform that is a gamified experience for people to meet new people". Gamers identify what games they like and include a lot of photos in their profiles. They also connect using in-game names, rather than phone numbers. 93% of Kippo users go on a virtual date and play video games together before meeting in-person. The company was founded in 2019 by David Park, Cheeyoon Lee, and Sean Suyeda.
by Dean Takahashi
See full article at Venture Beat
This post also appears on InternetDatingInvestments.com
Momo’s Q1 Financial Results: Revenue Down 3.5%, Net Income Up
MOMO – May 28 – Q1 revenue decreased by 3.5% YOY to RMB3,594.1M ($507.6M). Net income attributable to Momo increased to RMB 539M ($76.1M) in Q1 2020 from RMB 289M in the same period of 2019. Monthly Active Users on Momo app were 108M in March 2020, compared to 114.4M in March 2019. Total paying users of live video service and value-added service, including 4.2M paying users of Tantan, were 12.8M for the Q1 of 2020, compared to 14M in Q2 of 2019. "Q1 2020 was a challenging and yet very fruitful quarter for Momo," commented Yan Tang, Chairman and CEO of Momo.
Tinder Is Launching Prompts – Q&A Cards
DAILYMAIL.CO.UK – May 28 – Tinder has launched a new feature, called Promts, that allows users add question-and-answer cards to their profile. Prompts show a range of questions on subjects including pets, favourite songs and past-times on a user's profile, with their answer typed below. These cards will then appear on the app after a potential suitor has swiped through all the profile pictures added. Questions available will be updated regularly.
The Meet Group to Participate in Two Upcoming Virtual Conferences
BUSINESSWIRE – May 28 – The Meet Group, a leading provider of interactive dating solutions, will be participating in two upcoming virtual conferences. The App Promotion Summit USA and Mobile Growth Association's MGS Global Virtual Conference will both take place in June 2020.
Research: 20% of Couples Meet Online
HAPPIFUL – May 27 – A new research from comparethemarket has revealed a fifth of couples met online, with Google searches for online dating soaring by 75% since lockdown began. Searches for 'Zoom date' have risen by ~ 284%.
Half of Bumble Users Are Seeking More Meaningful Relationships
DAILY MAIL – May 26 – According to Bumble's recent survey, more than half (55%) of UK online daters are seeking long-term relationships after the coronavirus lockdown is lifted. The UK lockdown period, which started on March 24 and is being gradually eased, has left people 'very lonely', Bumble said. 43% of users think they will spend more time chatting online and focus on getting to know each other before they meet in person. Only 29% of respondents plan to continue using video dating.
Hily Dating App Comes to Japan
BUSINESSWIRE – May 26 – Hily, one of the fastest-growing dating apps in the world that gathered ~11M users just in one year, is now available in Japan. Hily's primary goal is to provide its users with better communication. The app matches the users based on ~40 entry points. Hily's newest feature called Compatibility Quiz allows users to check if they are compatible with people they want to swipe right on. The system will show detailed results with points they had in common and a description of their prospective relationship. For Hily, the Japanese launch is the first move to Asia. Last year, the dating app successfully rolled out to 20 countries in Europe and Latin America.
Kildare Cafe Gets €5K Grant From Bumble
LEINSTER LEADER – May 27 – Mad Hatter was nominated by the local community for grant to help survive Covid-19 lockdown. The coffee shop is owned and run by Alice Cope, and was nominated by locals who use the app. The Bumble Community Grant is a programme which aims to provide financial support to small businesses in need during the Covid-19 pandemic. Bumble received ~2,6K applications and nominations in total for the grant across Ireland and the UK.
PositiveSingles Launches Video Chat
NEWSWIRE – May 26 – PositiveSingles, a dating platform for people with STDs, has introduced a new video call feature for their iOS users. The website has ensured security and privacy while rolling out this video chat feature. There is a limit to the number of video chats users can have per day, to 20, and each call is for a max of two minutes. No one can send a video call request to hidden profiles and to people you are not in conversation with.