TECHINASIA - Feb 10 - Of that group, 40M use the social discovery app on a monthly basis, and 15M on a daily basis. Momo has doubled its userbase since July. Momo uses location to connect people who are nearby. Users can join hobby and activity groups. The app monetizes by selling stickers and games. The company launched its third game title one month ago, which has since been activated by 1.4M accounts and has generated $1.9M in revenue.