Telegram Raises Over $1 Billion to Finance Growth
Grow Your Business, Not Your Inbox
Co-founder Pavel Durov announced that the encrypted messaging application, better known as Telegram, managed to raise more than a billion dollars in bonuses to help the app grow.
He even said that the bonds were sold to "some of the most important and competent investors in the world." In this way, the application wants to continue to remain true to its values and its independence.
Image: Гаянэ Манукян / Wikimedia Commons
In December, the company announced a "monetization strategy," which failed to launch payment services in 2021 with the same purpose: to finance growth. The fundraising did not work as well as a project with virtual currencies.
Today I outlined the monetization strategy of Telegram. It will allow us to remain independent and stay true to our values for decades to come - https://t.co/58h4PXxman- Pavel Durov (@durov) December 23, 2020
“As I said when I launched Telegran almost eight years ago, the ultimate goal is to become a financially sustainable project that can serve humanity for decades to come. Today's news is a further step towards that goal,” said the Russian businessman.