SINGAPORE - Media OutReach - 1 November 2018 - Wavecell,a full CPaaS player headquartered in Singapore surpassed +100% YoY revenuegrowth 3 years* in a row and set to expanding more communication channels toboost digital customer experience.
HOWMUCH WE'VE GROWN
Wavecell was one of Asia's pioneercloud communications company to sprout in Singapore back in 2010. Since then,the company has been at the forefront of the go-to cloud communicationssolutions provider mainly in Southeast Asia; loyally serving Asia's largestE-commerce and several Fintech players. Wavecell is excited that they aresteadily approaching an annual revenue run rate of US$35 million and reachingprofitability.
"We like to ensure a healthy and steadygrowth for Wavecell. This growth strongly illustrates a strong demand andthirst in the market for our solutions. As companies strive to elevate theircustomer experience and engagement over multi-channels in the digital era, wehave been seeing a huge demand pouring in and we're working harder than ever,"shared Christophe Riccardi, COO, Wavecell.
ACHIEVINGHYPERGROWTH, CONTINUING TO ACCELERATE
As of end-2017, there are 2.7B uniquemobile users in Asia-Pacific which makes up two-thirds of the region'spopulation. The smartphone adoption rate is also projected to increase to 3.9Bby 2025, from 2.5B in 2017. Besides SMS APIand Video Interaction, Wavecell expands their product range to also includeChat Apps API and Voice solutions to be offered in one solidified, centralplatform.
"With strong partnerships with telecomoperators in the region, we believe that we are well positioned to outperformthe CPaaS market in APAC. Furthermore, we are also continuing to attract newcustomers and are excited to bring new innovative products such as our newVideo Interaction product, that's applicable to the global market," sharedOlivier Gerhardt, CEO & Co-Founder of Wavecell.
Fast and efficient communication solutionsare becoming increasingly critical as businesses seek to improve theircommunication output to their users. Therefore, more communication channels andavailable options allows businesses to optimise their business operationswithout having to spend time and effort in building infrastructure of their ownfrom scratch; everything is handled for them by Wavecell.
SOMEINTERESTING OUTLOOK OF CHAT APPS API
For its Chat Apps API, Wavecell has been selected as an official WhatsAppBusiness Solutions Provider and Google RCS MessagingPartner in the first half of 2018. "We have received many queries from ourcustomers seeking to create newconversational experiences with Chat Apps channels; theinterest in the region is overwhelming. Wavecell's product range and platformcontinues to grow each year and we are proud of what we have built, and we willcontinue to expand our offerings to serve our customers better," said Gerhardt.
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BEINFORMED: HUGE POTENTIAL IN THE ASIAN MARKET
The Southeast Asia e-commerce market isprojected to grow from $11B(2017) to $88B (2025) bringing huge potential revenue forthe cloud communications industry Wavecell operates in -- about 35% ofsmartphone users in Indonesia, Thailand and Vietnam purchase their goods ontheir mobile, and therefore would require message notifications (SMS and/orChat Apps).
Indonesia, a market in which Wavecell has astronghold in, is forecast to overtake the United States as the world's third largest smartphone market by end-2018(behind China and India). The company is also steadily growing its market basein Malaysia, Thailand, Vietnam, Hong Kong, Japan and the Philippines.
*Wavecell's revenue growth from 2016 to2017 was more than 100% and 2017 to 2018 is beyond 130%.
Wavecell simplifies real-timecommunications using Messaging, Chat Apps, Video Interaction and Voicesolutions for any platforms such as applications, websites, and services. Ourstrength lies in offering cloud-based multi-channel communications todevelopers and enterprises for them to build better services by integrating ourAPIs and SDKs. Wavecell ensures first-class connectivity to more than 190countries while maintaining high-security standards on the platform. To seewhat Wavecell does, watch our intro video here.
Wavecell is funded by Qualgro, MDI Ventures(the corporate venture capital arm of Telkom Indonesia) and Wavemaker Partners.Find out our recent funding: Series B.