YOYO holdings just finished a successful fund raising by receiving investments from KLab Global, GREE Ventures and an individual investor. In exchange for the funding, investors will get a stake in the business. This fund raising will drive YOYO’s efforts of expansion to emerging markets in Southeast Asia and South Asia this year.
In addition to KLab’s cash investment, KLab Cyscorpions, a subsidiary of KLab in Philippines will be providing Technological, Logistical and Administrative support to help boost YOYO’s operations. Furthermore, Mr. Taro Noguchi, president of KLab Cyscorpions will be inducted as board member of YOYO.
YOYO’s mission is to provide opportunities for people in the emerging market. The company sees the Internet as a means to provide opportunities.
Currently, there are more than 90% mobile prepaid users in Southeast Asia. Smartphone penetration rate in SEA is exponentially growing year by year but most of them can't connect to the Internet because the airtime cost is not affordable. That is the reason why YOYO aims to provide free mobile Internet to all mobile users in emerging countries and developed an app called PopSlide.
PopSlide is a lock screen rewards app that incentivizes swiping to view advertisements and installing apps, with points that can be redeemed as mobile airtime. It was launched in the Philippines last 2014, in Indonesia this February 2015 and most recently, launched in Vietnam this May 2015. We will expand our service to other emerging markets as well to achieve our mission.
We are always looking for exceptional talent who can help us achieve our goals. Send us your application or letter of interest anytime to firstname.lastname@example.org.