Telegram manages to boost greater than a billion {dollars} in bonds to finance its development

The app’s founder, Pavel Durov, confirmed the news.

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March 24, 2021 2 min read

This article was translated using AI technologies from our Spanish edition. Errors can occur due to this process.

Co-founder Pavel Durov announced that the encrypted messaging application better known as Telegram has managed to raise over a billion dollars in bonuses to help the app grow.

He even said the bonds were sold to “some of the most important and competent investors in the world”. In this way, the application wants to remain true to its values ​​and independence.

Image: Gayane Manukyan / Wikimedia Commons

In December, the company announced a “monetization strategy” that would not launch payment services in 2021 with the same goal: to fund growth. Fundraising didn’t work as well as a virtual currency project.

Today I outlined Telegram’s monetization strategy. This allows us to remain independent for decades and remain true to our values ​​-

– Pavel Durov (@durov) December 23, 2020

“As I said when I launched Telegran almost 8 years ago, the ultimate goal is to become a financially sustainable project that can serve humanity for decades. Today’s news is another step towards that goal, ”said the Russian businessman.

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