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INFORMATION MEMORANDUM
1Q 2017
03
1. Overview
Flitto, beyond language
Flitto aims to be an ultimate translation platform in the
world, breaking down all language barriers.
Founded in London, UK in 2012, Flitto (HQ is currently
located in Seoul, Korea) currently has more than 6 million
users. It provides translation services in 18 different
languages via its website and mobile app.
04
Flitto, Beyond Language
In 18 different
languages
18+
More than 1 million
translators
1M+
In 173 different
countries
173+
6 million
global users
6M+
1. Overview
06
User Base : Mobile App Ranking
Flitto mobile app is becoming widely recognized across the world as reflected in app ranking charts of major countries such as Korea, China, France, and
Jordan.
Korea China Jordan France
1. Overview
07
Translation Market and Flitto
Solutions
Individuals/Companies can simply post
requests on Flitto. Such requests will be
delivered to millions of translators with high
participation rates.
Problems
 Requestors struggle to find a right translator
with reasonable price
 Machine translation is not capable of offering
context-based, accurate translations
1. Overview
08
Individual & Company
In need of translation
Translators
Searching for translation jobs
Translation Market and Flitto
1. Overview
09
2. Key Features
Flitto Services
Flitto strives to offer a total solution for all translation needs.
Crowdsourced
Translation
Professional
Translation
Discovery
Provides real-time translations
depending on users’ GPS and
our database.
Real-time Image
Translation
1 2 3 4
Click Here
10
Crowdsourced Translation
Once translation is requested, it is notified to more than 100 translators, hence users can receive their translation in a short period of time (10 mins average).
• Fast and affordable human powered translation
• Request available in text, image, and voice for diverse range of languages
• Choose a translation according to preference
• Collect points by participating in short sentenced translations
• Points can be converted to cash
• Flexible in selecting which request to translate
Requestor Translator
Purchase Points Request Translation Select Translation Receive Request Participate in Translation Be selected and
Receive Points
11
Crowdsourced Translation
Text
In Flitto’s user-friendly interface, text based translation requests are made quickly and easily. Any sort of text such as slang or abbreviations can
also be translated.
Simple User Interface Long texts are broken down into sections
Click Here
Image
For situations/circumstances where text-based requests are
difficult, users always have an option to make requests by
simply taking picture and posting it.
Voice
When users cannot understand a language they are
listening to, they can record it and send a request for
translation.
12
If you scan a QR code it will show translations in m
any different languages.
QR code
Receive instant translations for menu and signboards when
Flitto QR(Quick Response) Codes are scanned.
Crowdsourced Translation
161:1 Professional Translation
1) 1:1 Professional Translation
Fitto is a platform which is structured with
professional translators from various fields.
Professional translators are strictly selected
through our qualification test. Individuals and
companies that require high quality translation can
request to translators in specific fields. Our user
friendly interface will help reduce time and price
during the translation process.
Requestor
• Most accurate, fast and economical translations from professional translators
• Wide pool of translators to select from (over 1,000 translators)
• Can directly communicate with the translator
Translator
• Lowest commission fees in the market
• Has more freedom to choose which translation projects to work on
Find & Select
Translator
Communicate with
Translator
Check Draft Confirm and Make
Payment
Receive Request Communicate with
Requestor
Receive PaymentSend Final
Translation
17
2) Professional Translation Management Service
Flitto also provides translation management service for specific requirements such as massive volume, professional material that need to be TEP (Translated-
Edited-Proofread), required to be translated with a specific tool or if no translator is available in the specific field. A project manager will be assigned to those
projects by inquiring to b2b@flitto.com.
1:1 Professional Translation
18
Discovery
Sharing contents from/to
the Social Media
Contents from popular celebrities’ Social
Media and other Cultural Contents are
translated into 18 different languages by
Flitto’s users. This service supports Flitto
in gathering corpus in various types of
fields. Also, providing such entertainment
shows the effect of increasing retention
within the platform.
SNSContents
19
3. Business Model - 1
B2B Revenue – Flitto’s Available Corpus
Flitto has accumulated millions of text & speech corpus during the process of our crowdsourcing translation and quality control system.
These translations can be used to develop interpretation and translation engines, and speeches can be used for voice recognition and AI system.
20
B2B Revenue – Large Volume Translation & Speech Project
With more than 1 million translators from diverse range of background, Flitto is an expert of text & speech translation projects in large volumes. It can be completed
in a short period with the lowest price. Below are our main clients using Flitto’s corpus.
3. Business Model - 2
21
4. Executive Profile
• BA in Business Administration, Korea Univ.
• Former CEO, Flyingcane
• Manager, SK Telecom / SK Planet
Simon Lee Founder / CEO
• BA in Computer Science, Yonsei Univ.
• Former engineer, Great Human Software
• Manager, SK Telecom / SK Planet
Dan Kang Co-founder / CTO
• BA in Computer Engineering, POSTECH
• Manager, SK Telecom / SK Planet
Jin Kim Founder / CSO
• BA in Business Administration, Shenyang Univ.
• Worked for Baidu, Weibo, 56.com and NetEase
Henry Huang Director of Flitto China
225. Press
Flitto’s growth has been spotlighted by various world renowned press and media including BBC, CNN and Forbes.
BBC “How doing homework for friends inspired a global company”
CNN “On the road: South Korea tech start-ups”
Tech in Asia “A win for Asia at Seedstars World event thanks to Korea-made app Flitto”
Forbes "Korean Entrepreneurs Getting Attention With Innovative Startups“
Forbes “Korea's Entrepreneurs Garner Global Validation As Local 'Startup' Valuations Soar Into The Billions”
Maeil Business “A mobile app easily removes the language barriers in the world”
KBS Special Documentary film “Ventures; Challenge of Korean Youth”
Flitto Company Deck_1Q17

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Flitto Company Deck_1Q17

  • 2. 03 1. Overview Flitto, beyond language Flitto aims to be an ultimate translation platform in the world, breaking down all language barriers. Founded in London, UK in 2012, Flitto (HQ is currently located in Seoul, Korea) currently has more than 6 million users. It provides translation services in 18 different languages via its website and mobile app.
  • 3. 04 Flitto, Beyond Language In 18 different languages 18+ More than 1 million translators 1M+ In 173 different countries 173+ 6 million global users 6M+ 1. Overview
  • 4. 06 User Base : Mobile App Ranking Flitto mobile app is becoming widely recognized across the world as reflected in app ranking charts of major countries such as Korea, China, France, and Jordan. Korea China Jordan France 1. Overview
  • 5. 07 Translation Market and Flitto Solutions Individuals/Companies can simply post requests on Flitto. Such requests will be delivered to millions of translators with high participation rates. Problems  Requestors struggle to find a right translator with reasonable price  Machine translation is not capable of offering context-based, accurate translations 1. Overview
  • 6. 08 Individual & Company In need of translation Translators Searching for translation jobs Translation Market and Flitto 1. Overview
  • 7. 09 2. Key Features Flitto Services Flitto strives to offer a total solution for all translation needs. Crowdsourced Translation Professional Translation Discovery Provides real-time translations depending on users’ GPS and our database. Real-time Image Translation 1 2 3 4 Click Here
  • 8. 10 Crowdsourced Translation Once translation is requested, it is notified to more than 100 translators, hence users can receive their translation in a short period of time (10 mins average). • Fast and affordable human powered translation • Request available in text, image, and voice for diverse range of languages • Choose a translation according to preference • Collect points by participating in short sentenced translations • Points can be converted to cash • Flexible in selecting which request to translate Requestor Translator Purchase Points Request Translation Select Translation Receive Request Participate in Translation Be selected and Receive Points
  • 9. 11 Crowdsourced Translation Text In Flitto’s user-friendly interface, text based translation requests are made quickly and easily. Any sort of text such as slang or abbreviations can also be translated. Simple User Interface Long texts are broken down into sections Click Here
  • 10. Image For situations/circumstances where text-based requests are difficult, users always have an option to make requests by simply taking picture and posting it. Voice When users cannot understand a language they are listening to, they can record it and send a request for translation. 12 If you scan a QR code it will show translations in m any different languages. QR code Receive instant translations for menu and signboards when Flitto QR(Quick Response) Codes are scanned. Crowdsourced Translation
  • 11. 161:1 Professional Translation 1) 1:1 Professional Translation Fitto is a platform which is structured with professional translators from various fields. Professional translators are strictly selected through our qualification test. Individuals and companies that require high quality translation can request to translators in specific fields. Our user friendly interface will help reduce time and price during the translation process. Requestor • Most accurate, fast and economical translations from professional translators • Wide pool of translators to select from (over 1,000 translators) • Can directly communicate with the translator Translator • Lowest commission fees in the market • Has more freedom to choose which translation projects to work on Find & Select Translator Communicate with Translator Check Draft Confirm and Make Payment Receive Request Communicate with Requestor Receive PaymentSend Final Translation
  • 12. 17 2) Professional Translation Management Service Flitto also provides translation management service for specific requirements such as massive volume, professional material that need to be TEP (Translated- Edited-Proofread), required to be translated with a specific tool or if no translator is available in the specific field. A project manager will be assigned to those projects by inquiring to b2b@flitto.com. 1:1 Professional Translation
  • 13. 18 Discovery Sharing contents from/to the Social Media Contents from popular celebrities’ Social Media and other Cultural Contents are translated into 18 different languages by Flitto’s users. This service supports Flitto in gathering corpus in various types of fields. Also, providing such entertainment shows the effect of increasing retention within the platform. SNSContents
  • 14. 19 3. Business Model - 1 B2B Revenue – Flitto’s Available Corpus Flitto has accumulated millions of text & speech corpus during the process of our crowdsourcing translation and quality control system. These translations can be used to develop interpretation and translation engines, and speeches can be used for voice recognition and AI system.
  • 15. 20 B2B Revenue – Large Volume Translation & Speech Project With more than 1 million translators from diverse range of background, Flitto is an expert of text & speech translation projects in large volumes. It can be completed in a short period with the lowest price. Below are our main clients using Flitto’s corpus. 3. Business Model - 2
  • 16. 21 4. Executive Profile • BA in Business Administration, Korea Univ. • Former CEO, Flyingcane • Manager, SK Telecom / SK Planet Simon Lee Founder / CEO • BA in Computer Science, Yonsei Univ. • Former engineer, Great Human Software • Manager, SK Telecom / SK Planet Dan Kang Co-founder / CTO • BA in Computer Engineering, POSTECH • Manager, SK Telecom / SK Planet Jin Kim Founder / CSO • BA in Business Administration, Shenyang Univ. • Worked for Baidu, Weibo, 56.com and NetEase Henry Huang Director of Flitto China
  • 17. 225. Press Flitto’s growth has been spotlighted by various world renowned press and media including BBC, CNN and Forbes. BBC “How doing homework for friends inspired a global company” CNN “On the road: South Korea tech start-ups” Tech in Asia “A win for Asia at Seedstars World event thanks to Korea-made app Flitto” Forbes "Korean Entrepreneurs Getting Attention With Innovative Startups“ Forbes “Korea's Entrepreneurs Garner Global Validation As Local 'Startup' Valuations Soar Into The Billions” Maeil Business “A mobile app easily removes the language barriers in the world” KBS Special Documentary film “Ventures; Challenge of Korean Youth”

Editor's Notes

  1. Proffesional Translation Professional Translation Management Service (뒷장) - 넘버링 추가
  2. SNS 이미지 업데이트