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The new financing brings total capital raised to $57.5 million and comes on the heels of a record-breaking year for Paktor Group during which revenues are expected to grow beyond 22x from 2015.
‘Paktor Group has established itself as the go-to multi-asset platform that serves the needs of singles in the region,’ said Joseph Phua, CEO and Co-Founder of Paktor Group.
‘We see a strong shift in user behaviour within the consumption of interactive media entertainment on mobile platforms and will put the muscle behind Paktor’s strong Asian network and mobile expertise to expand into new business lines within social entertainment, as we maintain our stronghold in region as the leading dating company and rich media content sharing network.’ ‘K2Global is excited to support Paktor Group’s plans to extend their Asian leadership into the social entertainment arena,’ said Ozi Amanat, Managing Partner at K2Global.
‘The company has shown tremendous traction and growth over the past year to evolve into the dating powerhouse it is today.
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Hopefully you will all have fun meeting singles and try out this online dating thing... A lot of people have now decided that this is now not for them.And Matchmakers can offer a complete alternative, we have a team of 20 Personal Matchmakers around the UK and a Head Office team of 12, based in rural Warwickshire, which enables us to provide a service of the highest quality, wherever you are located across the country and the South East is extremely important to us.We’re confident that the team has both the passion and experience to propel the company forward to build the leading social entertainment platform in the region.’ Paktor Group’s 2016 third-quarter moves Paktor Group’s dating products have just achieved the milestone of 20 million registered users.Its flagship app, Paktor, is localised for 14 different languages and since the introduction of in-app premium subscription services at the end of 2015, Paktor’s app revenues have surged, contributing in part to the group’s 22x Yo Y revenue growth.Over the last quarter, the Paktor app also launched several new features to drive user engagement and improved match rates.Tags: Adult Dating, affair dating, sex dating