Truecaller has become a popular app in recent years, and especially so over the course of the last 12 months. In February of last year the app which is primarily used to identify and screen incoming calls had 100 million users, and in the space of one year has been able to double its users numbers to 200 million.
The Swedish firm is naturally pleased about its latest numbers, with it serving as a potential springboard for IPO talks. That however, is still some ways off from happening, with it being at least three years down the line, chief executive Alan Mamedi explained in an interview with TechCrunch.
Looking closer at the numbers Truecaller’s biggest market is in India with a massive 150 million users. The company has seen a recent surge with an estimated 50 million users joining in the past five months.
While being able to screen spam calls is a big part of the app’s popularity, in recent months Truecaller has been adding other services to the mix such as messaging tools and payment options in selected markets.
Speaking to TechCrunch, Mamedi says the payment solution could be rolled out in some African countries, but he would not detail which ones in particular have been earmarked for such an offering.
To date Truecaller only offers this in India, which makes sense given the popularity of the app in that country.
For now the plan for Truecaller is continue its user growth, as well as increase the number of users subscribed to its value-added service, which currently accounts for an estimated 30 percent of the firm’s revenue.
Either way the company is certainly on an upward trajectory.