Trend Innovations Holding Inc. started its work in November 2017 with development of online project called FreeCook. It is a trading platform that unites people who cook at home and want to sell their food on the Internet and to home-cooked food lovers. Working on this project resulted in the Company acquiring skills in software development.
Further growth and development of the holding took place in 2019 with the acquisition of ThyNews Tech, LLC.
Teamed up with the Company Thy News, LLC, we released our Thy News Upon teaming up with ThyNews Tech, LLC, the Company released Thy News app in April 2019. It is an application with news feed from various sources that users can choose themselves.
At the moment of the first release, the database consisted of 24,000 processed news sources, and as of December 31, 2019 this amount increased by more than 75,000 processed sources. At the end of the year, the app users were able to make a choice of 99,000 processed sources. In 2020, the growth is continuing. Between January 1, 2020 to March 31, 2020 the Company acquired 50,000 more processed sources.
- 30.06.201924 000
- 30.09.201963 000
- 31.12.201999 000
- 31.03.2020149 000
As of March 31, 2020, users of the app have an opportunity to choose only personally relevant news sources from 149,000 processed ones.
Not only did the Company develop the mobile application but also continues to work on its improvement and introduction of artificial intelligence.
In the spring of 2020, the Holding acquired MB Lemalike Innovations, a company that provides services in the field of IT consulting using artificial intelligence technologies. The services are aimed at optimizing and developing companies’ information systems, taking into account internal business processes.
Solving problems in IT consulting and introducing artificial intelligence, Trend Innovations Holding makes its customers' businesses more visual, manageable and predictable, which ultimately leads to increased profitability.
The Company improves the performance of other companies by providing its services and the financial turnover of MB Lemalike Innovations has a positive growth dynamic over the years as well.
Starting from 2017, the financial turnover of the Company is improving, and profit is growing annually.
For the period from 2017 to 2019, the turnover grew from 74,486 EUR to 675,197 EUR. Trend Innovations Holding Inc. intends to increase revenue from 538,000 EUR to 700,000 EUR in 2020.