SINGAPORE – Media OutReach – 1 November 2018 – Wavecell,
a full CPaaS player headquartered in Singapore surpassed +100% YoY revenue
growth 3 years* in a row and set to expanding more communication channels to
boost digital customer experience.
HOW
MUCH WE’VE GROWN
Wavecell was one of Asia’s pioneer
cloud communications company to sprout in Singapore back in 2010. Since then,
the company has been at the forefront of the go-to cloud communications
solutions provider mainly in Southeast Asia; loyally serving Asia’s largest
E-commerce and several Fintech players. Wavecell is excited that they are
steadily approaching an annual revenue run rate of US$35 million and reaching
profitability.
“We like to ensure a healthy and steady
growth for Wavecell. This growth strongly illustrates a strong demand and
thirst in the market for our solutions. As companies strive to elevate their
customer experience and engagement over multi-channels in the digital era, we
have been seeing a huge demand pouring in and we’re working harder than ever,”
shared Christophe Riccardi, COO, Wavecell.
ACHIEVING
HYPERGROWTH, CONTINUING TO ACCELERATE
As of end-2017, there are 2.7B unique
mobile users in Asia-Pacific which makes up two-thirds of the region’s
population. The smartphone adoption rate is also projected to increase to 3.9B
by 2025, from 2.5B in 2017. Besides SMS API
and Video Interaction, Wavecell expands their product range to also include
Chat Apps API and Voice solutions to be offered in one solidified, central
platform.
“With strong partnerships with telecom
operators in the region, we believe that we are well positioned to outperform
the CPaaS market in APAC. Furthermore, we are also continuing to attract new
customers and are excited to bring new innovative products such as our new
Video Interaction product, that’s applicable to the global market,” shared
Olivier Gerhardt, CEO & Co-Founder of Wavecell.
Fast and efficient communication solutions
are becoming increasingly critical as businesses seek to improve their
communication output to their users. Therefore, more communication channels and
available options allows businesses to optimise their business operations
without having to spend time and effort in building infrastructure of their own
from scratch; everything is handled for them by Wavecell.
SOME
INTERESTING OUTLOOK OF CHAT APPS API
For its Chat Apps API, Wavecell has been selected as an official WhatsApp
Business Solutions Provider and Google RCS Messaging
Partner in the first half of 2018. “We have received many queries from our
customers seeking to create new
conversational experiences with Chat Apps channels; the
interest in the region is overwhelming. Wavecell’s product range and platform
continues to grow each year and we are proud of what we have built, and we will
continue to expand our offerings to serve our customers better,” said Gerhardt.
Request
for exclusive media interviews on this topic — marketing@wavecell.com
BE
INFORMED: HUGE POTENTIAL IN THE ASIAN MARKET
The Southeast Asia e-commerce market is
projected to grow from $11B
(2017) to $88B (2025) bringing huge potential revenue for
the cloud communications industry Wavecell operates in — about 35% of
smartphone users in Indonesia, Thailand and Vietnam purchase their goods on
their mobile, and therefore would require message notifications (SMS and/or
Chat Apps).
Indonesia, a market in which Wavecell has a
stronghold 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 base
in Malaysia, Thailand, Vietnam, Hong Kong, Japan and the Philippines.
*Wavecell’s revenue growth from 2016 to
2017 was more than 100% and 2017 to 2018 is beyond 130%.
ABOUT
WAVECELL
Wavecell simplifies real-time
communications using Messaging, Chat Apps, Video Interaction and Voice
solutions for any platforms such as applications, websites, and services. Our
strength lies in offering cloud-based multi-channel communications to
developers and enterprises for them to build better services by integrating our
APIs and SDKs. Wavecell ensures first-class connectivity to more than 190
countries while maintaining high-security standards on the platform. To see
what 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.
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