Category: Outlets – Tech Crunch

TikTok’s New Developer Tools Allow Apps Logins With TikTok, Sound Sharing, and More

Posted on May 7, 2021

Tiktok snackTECH CRUNCH – May 8 – TikTok is expanding its integrations with third-party apps. The company introduced TikTok Login Kit and Sound Kit, that will allow apps on mobile, web and consoles to authenticate users via their TikTok credentials, build experiences that leverage users' TikTok videos and share music and sounds back to TikTok from their own apps. Once signed in, users can access their TikTok videos in the third-party app, potentially fueling entire new app ecosystems with TikTok content. Early adopters of the Login Kit include gaming clips app Allstar, anti-anxiety app Breathwrk, social app IRL, as well as dating and friend-making apps Snack, Lolly, MeetMe, Monet, Swipehouse and EME Hive.

by Sarah Perez
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Feels Is a New Dating App With Profiles That Look More Personal

Posted on April 16, 2021

Feels logoTECH CRUNCH – Apr 15 – Feels, a new French startup, feels more like watching TikTok videos or browsing stories. Users can record videos, add text and stickers, share photos, answer questions and more. Feels plans to attract new users with organic TikTok posts, some TV ads and more. The company wants to reach 1M users by the end of the year with a big focus on France for now. There are 100K users right now. Feels started offering a premium subscription to unlock more features. The company is still iterating on that part.

by Romain Dillet
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Manhunt Hacked, Thousands of Accounts Stolen

Posted on April 15, 2021

Manhunt logo 2021TECH CRUNCH – Apr 15 – Manhunt, a gay dating app that claims to have 6M male members, has confirmed it was hit by a data breach in February after a hacker gained access to the company's accounts database. The hacker downloaded the usernames, email addresses and passwords for a subset of our users. Manhunt was launched in 2001 by Online-Buddies, which also offered gay dating app Jack'd before it was sold to Perry Street in 2019 for an undisclosed sum. Just months before the sale, Jack'd had a security lapse that exposed users' private photos and location data.

by Zack Whittaker
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App Spending to Reach $270B by 2025

Posted on February 23, 2021

Global app spendingTECH CRUNCH – Feb 23 – The app spending will reach $270B by 2025, including paid downloads, in-app purchases and subscriptions, according to Sensor Tower. In-app spending will return to pre-pandemic levels of stable growth over the next few years, downloads will continue to grow and app store spending in non-game apps will overtake mobile game spending by 2024. By 2024, Sensor Tower expects non-game spending to reach $86B compared with $73B in game spending. And by 2025, that gap will widen, with non-games reaching $107B while mobile games reach $78B. Last year, global consumer spending in the top 100 subscription apps was up by 34% YOY.

by Sarah Perez
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Snack, Where TikTok Meets Dating, Gets $3.5M

Posted on February 22, 2021

Snack iconTECH CRUNCH – Feb 22 – Snack, founded by Kimberly Kaplan, looks to merge the popularity and format of TikTok with the dating world. Kaplan hails from Plenty of Fish, where she was one of the earliest employees. She led product, marketing and revenue and was on the executive team that eventually sold PoF to Match Group for $575M in 2015. Snack is a video-first dating app that asks users to create a video and post it to a feed. Other users can scroll through a feed rather than swipe right or left on individual profiles, and when someone likes a video, it opens up the ability to comment. Once two users have liked each others' videos, DMs are open. Kaplan said that Snack is also working on video editing features similar to that of TikTok to let people get super creative with their profiles. There are 10 people on the Snack team.

by Jordan Crook
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This post also appears on InternetDatingInvestments.com

Jigsaw Scores $3.7M

Posted on February 15, 2021

Jigsaw logo1TECH CRUNCH – Feb 15 – Jigsaw, an "anti-superficial" dating app, scored £2.7M ($3.7M) in seed funding to put toward U.S. expansion. The round is led by a lead generation company for online dating companies, called The Relationship Corp., with backing from angel investors in the U.S. and U.K. primarily in the tech sector. The app puts a digital jigsaw over the faces of users, with pieces removed gradually the more they interact – and the full face only revealed after a pre-set amount of in-app engagement. The app launched in London in 2019; and opened up to the U.S. in November last year. Jigsaw has ~150K+ registered users across those two markets at this point, with 50K in the U.S.

by Natasha Lomas
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This post also appears on InternetDatingInvestments.com

Top 100 Subscription Apps Grew 34% to $13B in 2020

Posted on February 14, 2021

TECH CRUNCH – Feb 12 – Apps saw record downloads and consumer spending in 2020, globally reaching ~$111B to $112B. But a growing part of that spend was subscription payments, a new report from Sensor Tower indicates. Last year, global subscription app revenue from the top 100 subscription apps (excluding games), climbed 34% YOY to $13B, up from $9.7B in 2019. There are some signs that subscription revenue growth may be hitting a peak. Some of the slowdown and otherwise flat growth can be attributed to larger apps, like Netflix and Tinder, which have found ways to workaround the app stores' in-app purchases requirements.

Screenshot_2021-02-13 top-grossing-subscription-apps-us-2020 png (WEBP obrázek 1536 × 915 bodů) - Měřítko (60 %)
by Sarah Perez
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S’More Is Heading to Hollywood

Posted on January 27, 2021

Smore heading to hollywoodTECH CRUNCH – Jan 27 – S'More has signed a production deal with producers Elvia Van Es Oliva and Jack Tarantino, who have worked on shows like "90 Day Fiancé." CEO Cohen-Aslatei said the startup will work with them to create "anti-superficial" dating content for digital platforms and TV networks. This deal builds on the success of S'More Live, the startup's celebrity dating show on Instagram Live, which has aired 60 episodes so far.

by Anthony Ha
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Bumble Files to Go Public

Posted on January 15, 2021

Bumble screenshot 2020TECH CRUNCH – Jan 15 – Bumble plans to list its share on the Nasdaq stock exchange, using the ticker symbol "BMBL." Bumble's planned IPO was first reported in December. You can read its IPO filing here. Bumble claims 42M monthly active users as of Q3 2020 with 2.4M paying users. The company reports revenue of $417M in the first 9 months of 2020 and net income of (-$117M). If you extrapolate Bumble's Q1, Q2, and Q3 revenue to a full-year number, the company could manage $555.5M in 2020 revenues. However, its sharp unprofitability in 2020 could damper its eventual valuation.

by Alex Wilhelm
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This post also appears on InternetDatingInvestments.com

App Stores to See 130B Downloads in 2020

Posted on December 10, 2020

Appstore picTECH CRUNCH – Dec 10 – Consumers will download 130B apps in 2020 across iOS and Google Play, up 10% YOY, according to App Annie's year-end forecast. Consumer spending across the two app stores will also grow by 25% YOY to reach $112B by year end. Google Play downloads in 2020 outnumbered iOS downloads by 160%, but both stores saw 10% growth. Top markets for consumer spend on iOS included the U.S., Japan and the U.K., which is a different list than in 2018 and 2019, when the list included the U.S., China and Japan. Top markets for Google Play were the U.S., South Korea and Germany. Despite a lockdown, Tinder made it to No.1 in terms of consumer spend.

by Sarah Perez
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