Kang had developed a collaborative economy platform that allows professionals to share their skills from home. Thus they monetize their know-how and increase their income.
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Synoptical view
- Truffle investment
- € 4.4M
- Exit
- Sold to adviqo in Q1 2020 at a x2 multiple
In summary
In 7 years, Kang increased its revenue from € 0 to 17M while achieved sustain profitability.
With an uninterrupted 20% yearly growth since launch, Truffle Capital invested in Kang as part of its strategy to support fintech innovation with potential for both high capital gains and transformative market impact.
During this long-term collaboration, Kang and its historical investor Truffle Capital capitalized on the Kang team's extensive knowledge and deep experience in mobile payments along with Truffle’s strong FinTech expertise.
