Since the iOS 10.2 update, it made it possible for us to bring more magic to our app on iPhone. We created Truecaller to help you identify unknown calls and block spam calls. Truecaller has been listed on Nasdaq Stockholm since 8 October 2021.įor more information, please visit to updated 2020 article about iPhone: Truecaller iPhone App’s Features Improved Headquartered in Stockholm, since 2009, we are a Co-founder-led, entrepreneurial company, with a highly experienced management team. Truecaller is an essential part of everyday communication for over 300 million active users, with half a billion downloads since launch and close to 38 billion unwanted calls identified and blocked in 2021. We are on a mission to build trust in communication. Fraud and unwanted communication are endemic to digital economies, especially in emerging markets.
We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers.
The acquisition is primarily a technology and competence acquisition and is not considered to have a material impact on the results in 2022.įor more information, please contact: Truecaller The acquisition will be financed through existing cash and newly issued shares in Truecaller AB. Completion of the acquisition is subject to customary closing conditions and is expected to be completed during the first quarter of 2022. In addition, a potential additional purchase price of a maximum of USD 2 million will be paid, provided that certain goals are achieved for a period of up to four years after the transaction is completed. The purpose of the issue of new shares is to strengthen the long-term commitment to Truecaller for certain key persons at CallHero. The agreed purchase price amounts to USD 4.5 million, of which USD 2.6 million will be paid in cash upon completion of the acquisition and USD 1.9 million through newly issued shares in Truecaller.
CallHero today has a well-developed advanced functionality for iPhone users, which is important in the western world, but also a valuable complement to our work to make Truecaller more efficient and user-friendly for both iPhone and Android users worldwide,” said Alan Mamedi, CEO and Co-founder of Truecaller. The service will start in the US first since that’s where CallHero operated but our ambition is of course to roll out the service in all our markets, including India. The technology that CallHero is going to strengthen our offering. This service will help our users prioritize what is relevant and important without having to talk. The conversation between the caller and the assistant is visible in text-based format, live in the app. “CallHero gives the user intelligent support in handling incoming calls with the help of an AI-based assistant who answers the call. You can also read more about CallHero and the technology behind it on our blog Truecaller to acquire Israeli app CallHero
The feature will be integrated into Truecaller in a phased manner. CallHero’s assistant can answer calls for you in a natural language, take messages for you and even block your calendar. Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has entered into an agreement to acquire the Israeli company CallHero (CallHero has developed a unique technical solution for both Android and iPhone, with an AI-enabled assistant.