The Korean video platform plans to expand into B2B market with SaaS application.
Korean startup VideoMonster plans on scaling up its customer base, including the B2B market with SaaS application allowing customized API SW embedding for e-commerce, live commerce digital signage platforms.
The company said in a statement that it is also working on an overseas expansion plan with its service already available in Japan, Vietnam and Thailand.
Videomonster offers complete localisation in English, Korean, Japanese, Thai and Vietnamese languages, with assistance and design fonts available in the local language.
In 2021, VideoMonster plans to launch its service in India, Indonesia, and the MENA region.
VideoMonster said its CEO, Donghyuk Chun, aims to secure Series A investment this year. With the additional investment, Chun hopes to surpass 2 million users by 2023 with more advanced services on offer to cater to the rapid growth of video production demand at home in Korea and abroad.
The company’s main service equips anyone to make professional-level videos of 30-seconds duration in just 3 minutes.
According to a statement by this company, this free video editing application transforms experts’ design files into an easy-to-use UI that makes video editing as simple as just drag and drop. Once the video is placed on the app, it takes care of the rest with its bank of more than 3900 video templates integrated into a cloud rendering engine.
Currently, the company said it has more than 200,000 users, including startups, corporates, advertising agencies, and government institutions.