Encrypted messaging app Telegram will launch pay-for providers in 2021, its Russian-born founder Pavel Durov mentioned Wednesday, because the rising firm wanted “at least a few hundred million dollars per year”.
“Telegram will start to generate income, beginning subsequent 12 months,” Durov mentioned in an announcement.
“We will be able to launch countless new features and welcome billions of new users.”
Durov, 36, mentioned he didn’t plan to promote the corporate and subsequently wanted to search for different methods to provide you with funding.
Telegram is a well-liked social media platform in various international locations, significantly within the former Soviet Union and Iran, and is used each for personal communications and sharing data and information.
It has attracted almost 500 million lively customers since its launch by Durov and his brother Nikolai in 2013.
“For most of Telegram’s history, I paid for the expenses of the company from my personal savings,” Durov mentioned.
“However, with its current growth Telegram is on track to reach billions of users and to require appropriate funding.”
He mentioned that free options would stay free.
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