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Telegram founder and CEO Pavel Durov mentioned on his channel as we speak that the corporate secured $330 million in funding by way of bond gross sales final week.
Durov mentioned that the providing was oversubscribed with favorable phrases to the corporate.
“This bond providing was oversubscribed, and we have been delighted to have international funds of the very best caliber with impeccable reputations as individuals. The phrases of the bonds (when adjusted for the Federal Reserve charge) have been probably the most favorable for Telegram within the historical past of our firm,” he mentioned on his channel.
Whereas he didn’t title establishments that invested within the platform, he mentioned that international monetary establishments worth the corporate’s development.
In an interview with the Monetary Instances final week, Durov mentioned that the corporate goals to be worthwhile subsequent yr. He additionally talked about that Telegram is exploring an choice to go public.
“The primary motive why we began to monetize is as a result of we needed to stay unbiased. Usually talking, we see worth in [an IPO] as a method to democratize entry to Telegram’s worth,” he instructed FT.
The chat app, which has greater than 900 million customers, issued bonds value $210 million final yr. Dubai-headquartered firm has launched new methods to earn income previously few years together with, adverts, username gross sales on the blockchain, and premium subscriptions. Earlier this month, the corporate introduced that private customers can convert their accounts to enterprise accounts by paying a subscription payment.
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