Pavel Durov Plans to Increase a $1 Billion Mortgage for Telegram

Pavel Durov held negotiations with banks and traders to boost a mortgage of a couple of billion {dollars} for Telegram. It was additionally reported that extra funding could exceed $1 billion, however the firm’s plans should change.

Final week, greater than 25 million new customers worldwide joined Telegram in 72 hours as a result of modifications in WhatApp privateness coverage and Twitter and Fb’s robust stance in opposition to Donald Trump and his supporters.

Pavel Durov Revealed the Success Secret of Telegram to Fb

In his newest Telegram submit, Pavel Durov introduced that Fb is frightened concerning the recognition of Telegram and that it has a division devoted to discovering out why Telegram is so standard. Durov determined to disclose the success secret totally free.

Telegram has just lately exceeded 500 million month-to-month lively customers, and the variety of customers solely continues to develop. Such development led to a big improve in the price of sustaining the messenger’s infrastructure, which nonetheless doesn’t earn by itself however is financed with the private funds of Pavel Durov.

Subsequently, Telegram is now searching for extra funding, particularly since in April, the corporate must repay the traders of the TON blockchain venture, who agreed to transform their investments right into a mortgage and obtain 110% of the invested quantity within the spring of 2021. It’s nonetheless unknown how a lot Telegram owes after the closure of TON, however now the corporate needed to speed up its seek for funds because of the rising prices of sustaining the Telegram messenger.

A Telegram spokesman famous that the corporate is consistently receiving funding affords. He added that Telegram is contemplating varied choices that swimsuit the privacy-focused messenger.

Elevating financing within the type of debt will permit Pavel Durov to retain full management over Telegram, settle accounts with TON traders, and strengthen the messenger’s infrastructure earlier than the beginning of monetization, introduced on the finish of 2020.

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