Parenting and family platform Tinybeans Group Ltd’s (ASX:TNY) active user growth has demonstrated a sustained and strong momentum with the trend continuing.
For parents who don’t wish to share photos of their children publicly on social media websites, Tinybeans offers an alternative.
It is a private network app that allows parents to securely share pictures of their children with a relevant group of people who genuinely want to see them grow up.
More than 684,000 of these users were active on the Tinybeans platform during June 2017.
These activity levels represent a growth of 56% in Tinybeans’ monthly active users compared to June 2016.
The near-term growth dynamics for the company are even more positive, with monthly active users growing by more than 18% between March and June 2017.
By 30 June 2017, Tinybeans had grown its registered user base to more than 1.77 million parents and family members.
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.
The rising numbers of monthly active users directly correlates with the revenue the company should receive from the products and services.