ASKWHO a UAE-based social app that facilitates finding friends and planning get-togethers via a community-focused social app, has announced an additional $1 million in financing to develop its service and extend to the US market. $515,000 of this round was obtained in an oversubscribed crowdfunding effort that brought in 57 new investors.
The dedicated group app enables its users to rapidly meet new people and genuinely explore the locations that they reside in via groups, subjects, events, and a social news page all inside one dedicated app.
Accepting and interacting with new individuals as an adult might be difficult. According to Mike Askew, Co-Founder & CEO of ASKWHO, "we have made it quick & efficient to move from meeting people online to meeting up in real life and alleviated the pain points in current "social apps" by providing people with that go-to solution to discover their cities & the like-minded people within them."
"2022 was very much about obtaining product-market fit, which we have successfully accomplished via steady development in our KPIs and SaaS revenue and working very closely with our clients." He went on to say, "This investment is a huge boost for our aspirations to expand to a new market, which will strengthen our growth and business model even more."
"ASKWHO’s organic growth is a tribute to how much value people are receiving out of our app." "The current social media giants are so frequently in the news—rarely for a positive cause—that our emphasis is on creating friends in real life, which is incredibly essential and something we deliver," said Matt Gaziano, co-founder and COO at ASKWHO.
"We’re seeing consumers migrate away from entertainment platforms and concentrate on actual human engagement more via our curated places that are populated with individuals that they care about." "With millennials especially enthused about this new wave of social, it’s a really exciting moment for ASKWHO which has a wonderful possibility of becoming a significant success story for the UAE," he said.
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