Eko App Secures $20M In Series B Funding | MobileAppDaily
Mobile App

Eko App Secures $20M In Series B Funding

Eko app has over 500,000 recurring paid users across various sectors

Eko App Secures $20M In Series B Funding

Eko Communications, the mobile-first collaboration, and business messaging startup based in Thailand have successfully raised $20 Million in series B funding.

The finance is led by SMD Ventures, with participation from AirAsia’s digital investment arm Redbeat Ventures, Gobi Partners and East Ventures will help the company to expand its business across Europe, the UK, and the US.

With the Eko app funding, the workplace messaging app plans to target the Japanese market through its collaboration with Japanese conglomerate Itochu, which came followed by $2 Million in strategic funding.

The Bangkok-based company has snowballed its revenue more than 3 times in the past year and now counts a paid user-base of about half a million across sectors like retail, banking, hospitality, and other service-based industries.

Eko’s 24-year-old founder and CEO, Korawad Chearavanont, who is also the grandson of Southeast Asia’s richest man Dhanin Chearavanont, stated,

Eko app is designed to provide a better solution to the existing chat applications, ensuring that all employees are able to quickly understand the technology and adapt to its usage. It’s cost effective pricing makes it even more worthy alternative for companies looking to use the tool across thousands of employees.

Based on consumer’s reviews about Eko’s products, they have experienced benefits such as accelerated digitization of workflows, notable communication efficiency, increase in employee engagement rate and other productivity gains.

Since the Workplace messaging and collaboration app is competing with giants like Facebook and Microsoft, Korawad differentiates his product with the two workplaces in the best possible way by saying,

He further added,

Eko app Communications is working towards making it easier for companies to transit their communication source to a more secure and efficient system with APIs to help them integrate legacy systems.

Tanya (Editor In Chief)
Written By

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Mobile App

Signal: Highly Secured Chat App for Instant Messages & Calls

4 min read  

Signal, the highly encrypted chat app for both iOS and Android devices by Open Whisper Systems (nonprofit development studio). The protocol of this app is designed to operate in the most constrained environment easily and with this app, messages can be sent to your friends at a rapid pace. In other

Mobile App

Aceify, Tennis Coaching App Aiming For £200,000 Via Seeders Crowdfunding

2 min read  

Acefiy, a tennis coaching mobile app startup, is aiming for £200,000 via its equity crowdfunding campaign on Seeders.The mobile app for tennis enthusiasts was launched by Grand Slam tennis coach Charles Homewood and tennis player Malcolm Graham in 2017. It is a platform for scheduling, boo

Mobile App

Mobile App Report: Millennials Are Likely To Delete Apps Having Uncool Designs

4 min read  

As per ComScore’s report, mobile app millennials don’t like to browse through the apps that look uncool on their mobile screens. The reports suggested that 21% of millennials disposed of the apps from their phones this year. For millennials, it is the designing that must appeal to them.

Mobile App

PayPal Adds Venmo App As A Payment Option To Pay Its 2M US Retailers

4 min read  

Venmo, PayPal owned app is one of the most popular mobile apps for person-to-person money transaction or payment in the United States is now integrated as payment option by the company. Today, the company announced that the Venmo users will be able to purchase and pay to 2 million retailers that are