Hike Wallet Makes Five Million Transactions Every Month
The very local messaging app Hike had announced that its wallet is crossed five million transactions
every month. The Hike Messenger company claimed that, ‘The Hike wallet has seen a growth of over 30
percent month-over-month, in just five months from the launch of Hike 5.0 and wallet.
According to Pathik Shah, VP Product at Hike Messenger, “We are excited to see the Hike Wallet cross
five million transactions per month so quickly. Given the tremendous growth we’re seeing, we’ve decided
to double down and have launched an innovative campaign for users to gift free money to their friends
and groups and also introduced new features to enable a great Group experience.”
Also, the company launched a campaign where users can gift free money to friends and groups and
receive money in the Hike wallet which stands as an added incentive to get more people to experience
the Hike wallet. It was already announced by the company that more than 100 million people had received free money from their friends on Hike itseems.
This money in Hike wallet can be used to Send Money, exchange Blue Packets & do Mobile Recharge.
In coming days, Cabs, Movies, Bus and other tickets services will be available in Hike Messenger.
The hike was launched in 2012 and acquired a user base of over 100 million in January 2016. In August
2016, Hike raised its fourth round of funding of $ 175 million led by Tencent and Foxconn at a valuation
of $1.4 billion, making it the fastest company in the India to attain a valuation of USD 1 billion, having
reached the milestone in just 3.7 years.
Investors in Hike include Tencent, Foxconn, Tiger Global, Softbank, and Bharti. Apart from these, some
of the top tech veterans from the Silicon Valley have also invested in the company and are advisors.