Social messaging startup Jongla racks up EUR1.4 million in funding
Finnish mobile social messaging app Jongla raised EUR1.4 million in funding from a group of private angel investors called Oy Ingman Finance. The latest financing round brings the company's total investment to EUR3.9 million. This was according to a report published by TechCrunch.
Competing with several other social messaging apps, Jongla allows users to bypass SMS text messaging by using data connection for instant messaging. With its youth-oriented cartoon designs and stickers, the app also allows syncing of information with the user's phone book. Thus, users can send pictures directly from the camera to their contacts. Jongla also provides real-time update when the receiver is typing a message, similar to using Instant Messaging, the report explained.
Jongla will use the new fund injection to develop its products and growth strategy. The company said there is massive growth in the social messaging apps market in Thailand, Saudi Arabia, India, Singapore, and the Philippines. Expanding to Asia and Europe is also one of the targets of the social messaging startup, TechCrunch reported.