CompanyFonos

Founded in 2020, the startup has established itself as the audio content leader in Vietnam, with over 2,100 exclusive pieces of content available on its app, including best-selling audiobooks, book summaries, and meditations.

In addition to the extensive content library, its strength has been in successfully monetising the content. Fonos grew its revenues by seven times in 2021 and continues that trend this year. The company also claimed strong user growth with over 130,000 monthly active users in October.

For many months, the Fonos app has been the number one top-grossing app in the book category in Vietnam, both on the Apple and Android app stores. According to app revenue analysis tools such as data.ai, Fonos plays a significant part for the majority of audiobook sales in Vietnam.

Fonos aims to become a key podcasting player in Vietnam with multiple initiatives to be launched in Q1 and Q2 2023.