Telegram manages to lift greater than a billion {dollars} in bonds to finance its progress

The app’s founder, Pavel Durov, confirmed the information.

Develop Your Enterprise,
Not Your Inbox

Keep knowledgeable and be part of our day by day e-newsletter now!

2 min learn

This text was translated from our Spanish version utilizing AI applied sciences. Errors could exist attributable to this course of.

Co-founder Pavel Durov introduced that the encrypted messaging software, higher often known as Telegram, managed to lift greater than a billion {dollars} in bonuses to assist the app develop.

He even stated that the bonds had been bought to “a few of the most essential and competent traders on the earth.” On this means, the applying needs to proceed to stay true to its values and its independence.

Picture: Гаянэ Манукян / Wikimedia Commons

In December, the corporate introduced a “monetization technique,” which did not launch fee companies in 2021 with the identical objective: to finance progress. The fundraising didn’t work in addition to a venture with digital currencies.

“As I stated once I launched Telegran nearly 8 years in the past, the last word purpose is to change into a financially sustainable venture that may serve humanity for many years to come back. As we speak’s information is an extra step in direction of that purpose, ”stated the Russian businessman.