Details - Information last confirmed on July 10, 2021
Available for an acquisition of assets is an App business and web service providing live video, audio chat and messaging chat to individuals around the world who have matched. Adult content and illegal activities are prohibited on the App and website.
The App is highly ranked in several countries and, has been operating since 2013, with over 2.2MM downloads. It is a live video and audio chat which also allows individuals to meet new people around the world.
The App allows its users can chat with random people or with members they have liked. The users can earn payouts as they use the App which creates an incentive to use the App and be active.
Highlights & Key Assets:
Adult content and illegal activities are prohibited on the App
High-quality design and user experience from the App interface
High-quality voice, video chat and messaging performance
High performance and works seamlessly on all devices
Easy registration with Facebook, Twitter, Google Plus+, Mobile Number and e-mail address
Ability to search a profile by gender, age or country
Easy to find online talkers and start video or audio calls
Messages when a recipient is offline still get “read” receipts when read
Users get notified of missed video calls, audio calls or messages
(REQUEST PROSPECTUS TO SEE THE FULL LIST OF HIGHLIGHTS AND KEY ASSETS)
Growth Potential And Market Research:
Dating option: Adding a dating option to the App is the obvious next step.
Worldwide virtual dating is the future: according to Paul Frantz, Industry Director, U.S. Sales at Google, referring to a study by Google in 2018 on people aged 18-24, research found that 51% of people aged between these ages say that it is important for them to have video and virtual dating, while for Generation Z, messaging someone on a dating App can be equivalent to a date. (Google and Qualtrics, 2018)
”For a generation that has never used a landline and that’s had smartphones in hand as early as age 9, conversation, for the most part, is digital. An example from how Gen Z engages in dating: video calls or texts are key forms of communication.” Paul explains.
He adds to this by saying that “sixty-four percent of 18- to 24-year-olds say that dating websites and apps allow them to be more diverse in who they date, and 65% say that dating websites and apps allow them to date someone outside of where they live.” (Google and Qualtrics, 2018)
The App is growing in North America, the UK and Europe. With advertising a new owner can take the business to the next level especially if users are presented with the option for dating.
(REQUEST PROSPECTUS TO SEE THE FULL GROWTH POTENTIAL AND MARKET RESEARCH)
All advertising is operated and managed in-house, and assistance from a marketing company was requested in 2017 to run ads on Facebook and Google for generating downloads.
Reason For Selling & Support/Training
Full support and training will be provided. This is negotiable depending on your needs. The owner is committed to making it a success for a new owner.
The owner is happy with the App business and needs capital to invest in a new, non-competitive large project. Since the owner never had investors and used his own capital for his projects, exiting the App business will allow him to fund his new project. That is the reason why he is looking to exit.
 Google and Qualtrics, U.S., Future of Dating study, n=333 people ages 18–24, 2018
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.