SAN FRANCISCO, CA — (Marketwired) — 01/05/15 — Frankly Inc. (TSX VENTURE: TLK) is pleased to announce that its common shares have commenced trading on the TSX Venture Exchange (the “TSX-V”) today, January 5, 2015, under the trading ticker symbol “TLK”.
As part of the listing, Frankly has raised $23 million (U.S.) in subscription receipts to Canadian and U.S. investors, and is one of the first Silicon Valley-based companies to go public on the TSX-V. The Toronto Stock Exchange / Toronto Venture Stock Exchange is the third largest stock exchange group in the world by equity capital raised in 2012 – 2013 according to the World Federation of Exchange. The details of the transaction can be viewed on the following link: .
Frankly–s core business is to offer a technology solution that enables any developer to integrate mobile chat capabilities inside of their app. Brands and mobile app developers can utilize Frankly–s software development kit (SDK) to insert a chat function seamlessly into their existing apps to increase user engagement and monetization in a truly mobile-first method. In November 2014, Frankly to power chat within its PINK Nation mobile app.
In addition to the SDK business, Frankly owns and operates its own messaging application Frankly Chat, which was launched on September 24, 2013. Frankly Chat is a free, ephemeral mobile messaging app for iOS and Android devices that caters to the increasing demand of the world–s smartphone users for ways to better communicate without digital consequences. Since its launch, the app has been downloaded more than two million times globally, growing popular among users who enjoy the technology–s ability to delete messages and photos after their recipient views them. Frankly Chat was featured by both Apple App Store and Google Play as a recommended app in the highly competitive messaging category.
“We are incredibly excited in breaking new ground to help bring a top Silicon Valley tech company to the Canadian capital markets,” said Ron Schmeichel at JJR Private Capital. “Mobile messaging is one of the biggest opportunities in all of technology today, and with competition heating up worldwide in 2015, Frankly–s decision to tap the TSX-V is very innovative and will open up many more options for future financing and strategic avenues for rapid growth.”
Frankly–s global investor base includes SK Planet, a subsidiary of SK Telecom, South Korea–s #1 biggest telecom company. SK Planet was a founding shareholder and is a significant investor. The Stanford-StartX Fund, which is affiliated with Stanford University, is also an investor along with JJR Private Capital, one of Canada–s top private equity investors. With total funding of nearly $45 million to date, Frankly was also recently recognized with the 2014 Early Stage Investment Award from Frost & Sullivan.
Frankly plans to invest its newly raised funds to expand its team, continue its product development and expand its business development efforts as the company continues to build out its chat SDK business and build partnerships in 2015.
Frankly, Inc. is a next generation chat technology platform that brings dynamic conversation and direct consumer engagement to mobile app experiences. Frankly aims to unlock the power of messaging for every platform by seamlessly enabling access to conversations that matter most to individuals and communities.
Through the simple integration of our Chat SDK, Frankly–s technology can be inserted into a website or mobile application to provide a customizable version of Frankly–s messaging technology. Currently, Frankly is working with many partners, across several industries.
Frankly, Inc. also offers Frankly Chat, a free, mobile messaging application for iOS and Android devices. Frankly Chat has over 2 million downloads, and is focused on user privacy by offering ephemeral messages and unsend capabilities.
To learn more about Frankly, Inc., please visit .
Julia Konstantinovsky
Grayling PR for Frankly Inc.
(415) 593-2444
You must be logged in to post a comment Login