An encrypted messaging application, Telegram announced that it has just managed to raise more than US $ 1 billion in investor funds.
This was announced directly by the founder and CEO of Telegram Pavel Durov on his Telegram channel. These funds are raised through the issuance of bonds or bonds to several large, influential investors around the world.
“I am pleased to share that Telegram has raised over US $ 1 billion by selling bonds to some of the largest and most influential investors around the world,” wrote Pavel Durov.
Investor Funds Will Help with Monetization Strategy
According to Pavel Durov, this fund will enable Telegram to continue to grow globally and stick to its corporate values and remain independent. The fund will also drive the monetization strategy that the company outlined in December 2020.
“As I said when I launched Telegram nearly 8 years ago, Telegram’s ultimate goal is to be a financially sustainable project that can serve humanity for decades (or centuries). ) who will come, “he explained.
At the end of 2020, Pavel Durov said he plans to start eyeing this year’s revenue to keep the company’s business running. So far, Telegram has been run using his personal funds.
“A project of our size needs at least several hundred million dollars per year to continue,” he said, quoted from Techcrunch.
There are currently more than 500 million users of the Telegram application. So far, these services are provided free of charge. Telegram is considered to be one of WhatsApp’s biggest competitors.
Read now: How Can Telegram Get Money?
