leadf
logo-loader
viewTinybeans Group Ltd

Tinybeans Group debuts on the ASX; achieves growth in user base

More than 1.6 million parents and family members are now Tinybeans users.

shutterstock_229132183.jpg
The company makes money by offering premium membership

Tinybeans Group (ASX:TNY), a niche social media network aimed at parents, started trading on the ASX after raising $6.5 million at $1.00 per share to fund its expansion.

Users can sign into the Tinybeans platform and can upload pictures via the web or smartphone app, and share those pictures privately with friends and family.

They can also access a user’s Tinybeans journal, where the photos are collated, via email, website or the app.

Tinybeans’ growth strategy has driven user acquisition to rise by more than 52% year-on-year to March 2017, with annual growth in the company’s active user base of more than 24%.

More than 1.6 million parents and family members in over 200 countries are now Tinybeans members.

The company has progressed several initiatives in 2017 which are contributing to growth and engagement of its user base.

Both Google Inc and Target in the U.S. are now offering Tinybeans premium subscriptions free for the first 12 months as a perk to their U.S. employees.

Furthermore, Tinybeans is progressing discussions with several high-profile international corporate brand owners for potential partnerships.

While the Tinybeans app is free to download, the company makes money by charging parents for a premium offering with extra services, such as printing.

Quick facts: Tinybeans Group Ltd

Price: 1.56 AUD

ASX:TNY
Market: ASX
Market Cap: $71.71 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Comet Resources says Barraba may host 'multiple VMS deposits'

Comet Resources Limited’s (ASX:CRL) Matt O'Kane tells Proactive's Andrew Scott an initial site investigation of the historical Murchison Copper Mine and Gulf Creek North prospects at the Barraba Copper project has identified extensive surface copper mineralisation. He says widespread evidence of...

2 days, 3 hours ago

2 min read