Transfluent, a Finland-based translation agency, recently launched its equity crowdfunding campaign on Invesdor. The company is currently seeking €1.5 Million through the initiative as it prepares to expand.
Founded in 2011, Transfluent stated its platform was originally tailored for the rapid needs of social-media powered global business and comes with a powerful API that allows integration of translation services to virtually any platform. Now, its human-powered and high-quality translations cover all types of content for more than 400 different companies in various industries. Some of its biggest customers include Cap Gemini, Pfizer, Pinterest, Tieto, Visma, and Elisa. Transfluent founder and CEO Jani Penttinen stated:
“Our near term target is to become the largest translation company in Finland in the next 2-3 years. At the same time, we already have international customers and we are preparing to expand operations internationally. Our long term business goal is to be the world’s first translation company to have global annual revenues of over 1 billion euros.”
Lasse Mäkelä, CEO of Invesdor, also shared;
“The business model works. For the past two years, Transfluent’s product revenue has been growing an average 8% month – to – month (2.5x annual increase) and the growth rate has recently been increasing. This is a very exciting and interesting story and we are happy to be part of it at Invesdor.”
“In fact, the combination of speed and quality is not only serving existing translation needs better, it is opening new markets where translation was previously not considered possible. Instead of hiring a customer service team who speaks dozens of languages, you can now have a team of English-speaking customer service agents responding to customers in virtually all the world’s languages.”
Since its launch, the campaign has successfully secured nearly €600,000 from more than 40 investors. It is set to close on May 31st.
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