News

Turkish Messaging App BiP Introduces Group & Chat Import

BiP Messenger currently operates in more than 192 countries and has over 80 million users.

Published

3 years ago

June 10, 2021

Joanna Melki

turkish messaging app bip introduces group and chat import

BiP

The COVID-19 pandemic has caused a massive spike in demand for secure instant messaging software capable of connecting teams and families separated by social distancing measures. Turkish messaging app BiP, which is developed by mobile phone operator Turkcell, experienced a huge influx of new users following an update to Facebook-owned WhatsApp’s privacy policy.

In January, as many as 10 million new users downloaded BiP during a single week, making it one the most downloaded apps on Google PlayStore and Apple AppStore.

To help maintain the remarkable pace of growth, BiP is now making it easier for its users to migrate their chat history from other apps. Users coming from competing instant messaging apps can now automatically and at once move their existing individual chats or group chats, including any shared videos and photographs.

BiP currently operates in 192 countries and has around 80 million users. Besides its home country, Turkey, it focuses heavily on the Indian market.

“India is a strategic market for us. 97% of mobile smartphone phone users use mobile apps for daily communications. The major youth population and their digital savviness offer profound potential. First quarter of 2021 has been very dynamic for us, we’ve reached more than 2 million downloads with very high rates of like scores in various platforms,” said Burak Akinci, BiP’s CEO. “We’ll gratefully continue to invest in innovative solutions and security to make Indian consumers’ everyday lives easier.”

Also Read: Istanbul Fights Disease-Carrying Mosquitoes Using A Smartphone App

BiP stands out from many other instant messaging apps with its security- and privacy-oriented approach. For example, the Secret Chat feature lets users send messages that disappear from the chat screen within a set time period. The app also supports HD group video calls that can include up to 10 people. Users can choose to have their messages automatically translated into 106 different languages, including Gujarati, Kannada, Punjabi, and Telugu.

For these and other features, BiP received the ‘Most Innovative Mobile App’ award at 2020 Global Mobile Awards.

News

Paymob Extends Series B Funding To $72M Amid Continued Growth

The financial services provider has secured an extra $22 million after strong performance in its core market of Egypt.

Published

20 hours ago

September 12, 2024

Nour Nasir

paymob extends series b funding to $72 million amid continued growth

Leading financial services provider Paymob has secured an additional $22 million in a funding extension, bringing its Series B total to $72 million.

The funding was spearheaded by EBRD Venture Capital, with support from Endeavor Catalyst. Existing backers such as PayPal Ventures, BII, FMO, A15, Nclude, and Helios Digital Ventures also participated, reaffirming their confidence in Paymob’s business model and potential in the regional fintech industry.

This extension comes on the back of Paymob’s strong performance in its core market of Egypt, where it has experienced 6x revenue growth since the initial Series B in Q2 2022. With the Series B extension and continued profitability in Egypt, Paymob is well-positioned to further its expansion strategy across the MENA region.

Islam Shawky, Co-founder and CEO of Paymob, commented: “We are very excited by our strong prospects in Egypt – where we hold a market-leading position – and the significant traction experienced in the UAE since launching operations there. This funding will help Paymob fully capitalize on the momentum in our established markets, as we accelerate our GCC roll-out. We remain committed to creating cutting-edge infrastructure enabling SMEs across the region to thrive in the digital economy and are proud of our continued impact”.

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The expansion into GCC markets has been driven by Paymob’s initial Series B funding of $50 million, raised in 2022 and led by Kora Capital, PayPal Ventures, and Clay Point. The investment fueled Paymob’s growth, allowing it to launch its mobile app in 2023 and grow its merchant base by 3.5 times, now serving nearly 350,000 merchants across MENA.

Paymob has also expanded its payment acceptance suite to offer 50 payment methods through its gateway, POS terminals, and the Paymob app, providing the region’s most comprehensive fintech solution. The company recently introduced embedded checkout services for Shopify and WooCommerce, further demonstrating its commitment to empowering small and medium businesses across the region.