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But nonetheless, a large chunk of revenues at Truecaller comes from advertisements. “While our revenues have been growing, subscription is now standing for over 20 percent of our revenues. So, subscriptions are growing, but advertising is still the largest one,” said Mamedi. In March 2017, Truecaller introduced its UPI-based payments service. The company added features including request money for its users shortly after the launch to make its service competitive. It already has more than 20 million users who are making payments through the app. But Truecaller doesn't want to take on Googl...

truecaller Truecaller has appointed a new chief financial officer, Odd Bolin, to prepare the company for an initial public offering (IPO). The Sweden-headquartered caller identification company also revealed that its active users grew by 25% in 2020, from 213 million at the beginning of the year to 267 million by the end. The company also became profitable and cash flow positive in 2020, it said. Odd Bolin is coming in from Sinch, a cloud company for mobile customer engagement, where he was serving as the CFO, and which he helped take public. He also led half a dozen acquisitions at Si...

Technuter Truecaller announced that they have appointed Odd Bolin as their new Chief Financial Officer (CFO). Odd will be joining the management team in Stockholm and overseeing the financial management and operations to support the company’s growth, and to prepare the company for an initial public offering (IPO.) This is the second senior hire the company has made in the past two months to strengthen the management team. Odd has extensive experience taking high growth companies public and has managed several international mergers and acquisitions, ranging in size from 10 to 150 million USD...