BLOOMBERG - Aug 29 - Dawoon Kang, co-founder and COO at Coffee Meets Bagel, discusses how the dating app works, how it differs from other dating sites and the outlook for the company.
- Coffee Meets Bagel is a female focused dating app that delivers quality matches at noon each day.
- CMB is a freemium app that allows users to buy extras with "coffee beans" virtual currency.
- The app is not yet profitable but Dawoon said the app is now seeing a double digit monthly revenue growth.
- CMB plans to expand into China and Korea.