Encrypted messaging app Telegram will launch pay-for services in 2021.
Pavel Durov, the Russian born founder announced on Wednesday (Dec 23) said that the company needed “at least a few hundred million dollars per year”.
“Telegram will begin to generate revenue, starting next year,” Durov said in a statement.
“We will be able to launch countless new features and welcome billions of new users.”
Durov, said he does not plan to sell the company, therefore he needed to look to other ways to come up with funding. He stated that features that are free currently, would continue to remain free.New features would be added for power users and business teams.These additional features would be paid for by premium users, while the regular users would continue to enjoy Telegram for free “forever”.
The app has attracted nearly 500 million active users since its launch by Durov and his brother Nikolai in 2013.
“For most of Telegram’s history, I paid for the expenses of the company from my personal savings,” Durov said.
“However, with its current growth Telegram is on track to reach billions of users and to require appropriate funding.”