Find out how Paktor helps you find 'the one' in just 15 seconds

Yes, Valentine's Day came early.

Dating apps have been growing like mushrooms these days but Paktor, a social networking platform and mobile app, aims to be more than just another dating app. In the last four months, Paktor have matched over 1.5 million singles making itself one of the fastest growing social networking sites for singles in Asia.

Within 15 seconds, participants can create an account on Paktor. They may login through Facebook and Paktor can create a profile them.

In an exclusive interview with Singapore Business Review, Joseph Phua, one of Paktor founders, shared that his startup started in Chicago in April of last year.

"I had then recently became single and decided to try different dating apps/sites. I had quite a bit of success in the US and realized there were no other similar platforms in Asia. I then decided to create a platform to help myself and singles like me in Asia. I got my funds from an angel investor who was convinced of my vision," he said.

From then on, Paktor positioned itself as a Pan-Asian dating app with more participants under its network. Phua said that Paktor banks on the 'network effect' to attract more single participants. He also claims that Paktor features ease of sign up and high number of matches per person. By utilising the 'network effect, "participants can spread the word for us, by word of mouth".

As for its future plans, Phua said "we have established leadership position in the markets we are in. We will continue to listen to our users and ensure we provide them with the services they need, to maintain our dominance in the region."

Like a genie in your pocket, Paktor claims that it can churn out dates wherever and whenever you want. It is availabe on iOS and Android and soon-to-be launched on Blackberry and Windows devices.

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COMPANY PROFILE:

Name of Company: Paktor Pte. Ltd.
Founder/Founders: Joseph PHUA, Charlene KOH, Christopher D'CRUZ
Website: www.gopaktor.com
Major Investor: Right now, 1 angel (prefers to stay anonymous)
Total funding at hand: 7 figure
Target fund: in process of Series A round right now, 8 figure
Source of funding: A consortium of angels, a few VCs (international and local)
Start of operation: June 2013

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