Truecaller increases monthly active users in South America by 50 per cent
Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, has passed five million monthly active users (MAU) in South America. Growth over the past year has been around 50 percent and has accelerated compared with previous years.
Truecaller's service is global and is growing rapidly in many global markets. Most users are today in India, followed by Africa and the Middle East. One of several targeted growth markets for Truecaller is South America, where Truecaller has now passed 5 million MAUs. Truecaller has grown 50% in comparison to the corresponding period last year and growth is strong in several South American markets, including Colombia, Peru, and Chile. South America has a high smartphone penetration, which creates opportunities for strong organic growth. Truecaller intends to build on these results and continue growing within South America.
”Truecaller enables secure and relevant conversations between individuals and between companies and individuals. Fraud and unwanted communication are unfortunately an everyday occurrence in digital economies and the need for our platform is great and growing. We are growing strongly in many parts of the world, and we are now happy to have passed five million users in South America. We see continued great growth potential in these and many other markets as our service becomes better known and we also grow naturally with an increased number of smartphones in the world” says Alan Mamedi, CEO and co-founder of Truecaller.
For further information, please contact:
Andreas Frid, Head of Investor Relations Truecaller
+46 70 529 08 00 andreas.frid@truecaller.com
About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for business to connect with consumers. Fraud and unwanted communication are endemic to digital economies, especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 310 million active users, with half a billion downloads since launch and around 38 billion unwanted calls identified and blocked in 2021. Headquartered in Stockholm, since 2009, we are a co-founder led, entrepreneurial company, with a highly experienced management team. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information, please visit corporate.truecaller.com