SINCH Sinch AB

Sinch launches worldwide API for business messaging through Instagram

Sinch launches worldwide API for business messaging through Instagram

  The service enables brands to have scalable conversations with their customers using Instagram DM’s or Stories, facilitating engaging user interaction and enhanced customer experience

STOCKHOLM and ATLANTA – June 2, 2021 – (publ), a global leader in cloud communications for mobile customer engagement, today launched a worldwide API for business messaging through Instagram to coincide with the availability of the Messenger API for Instagram announced by Messenger from Facebook during its F8 conference. The Messenger API for Instagram enables brands to have scalable conversations with their customers using Instagram DMs or Stories, facilitating engaging user interaction and enhanced customer support.

Businesses are now able to leverage the Messenger API for Instagram through Sinch’s Conversation API, a single API that lets businesses create rich and engaging conversations with their customers via a range of widely used consumer channels such as WhatsApp, Facebook Messenger, SMS, MMS, RCS, and more.

People and brands are exchanging messages with each other more than ever, and Instagram is an important channel for connecting customers and building long-term relationships. Instagram has more than 1 billion active accounts worldwide. According to , 81 percent of respondents said it helps them research products and services.

“Instagram is a powerful channel that lets businesses engage with their customers in a simple, secure and effective way,”, said Eduardo Henrique, Sinch’s Chief Business Development Officer. “The results from our early access trials are very encouraging as customers appreciate the faster responses and improved customer experience that the new offering entails.” 

Sinch had early access to the functionality behind the Messenger API for Instagram. One of the first brands that Sinch enabled to leverage the Messenger API was Leiturinha, a Brazilian children's book club with over 800,000 followers. By leveraging API-powered direct messaging through Instagram, Leiturinha recorded a 35 percent reduction in comments of customers requesting assistance by Instagram DM’s in the first 11 days.  

In addition to facilitating processes, business messaging through Instagram also speeds up contact with users who name the brand through mentions of Stories, which makes communication even more dynamic and interactive. As a result, the response time to calls related to direct messages decreased by 42 percent, compared to the average of the last 6 months. 

About Sinch 

Sinch brings businesses and people closer with tools enabling personal engagement. Its leading cloud communications platform lets businesses reach every mobile phone on the planet, in seconds or less, through , voice and video. Sinch is a trusted software provider to mobile operators, and its platform powers business-critical communications for many of the world’s largest companies. Sinch has been profitable and fast-growing since its foundation in 2008. It is headquartered in Stockholm, Sweden, and has local presence in more than 40 countries. Shares are traded at NASDAQ Stockholm: XSTO:SINCH. Visit us at sinch.com.  

For further information, please contact: 

Jeff Hasen

Director of Content & Communications

 

Attachment



EN
02/06/2021

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Sinch AB

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Sinch AB - Q3 in line, underlying on the weak side

20% org gross profit growth (ABG 25%), GP 0% vs cons Adj. EBITDA 1% vs cons driven by acquired growth Estimates and share down today (3-5%)

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Sinch AB - Twilio Q3 beat but share down -13% after-mkt

Twilio Q3 sales 9% vs cons, Q4 guidance 2% vs cons 38% org growth was a slow-down, tough comps in Q4e Share down -13% in after-market

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Sinch AB - Becoming a stronger company

MessengerPeople & Pathwire expand value proposition Adj. EBITDA +16-18%, share down in value/growth shift Long-term winner at a discount, TP up to SEK 210; BUY

Stefan Gauffin
  • Stefan Gauffin

Sinch (Buy, TP: SEK215.00) - Approaching market dominance

We believe this year’s acquisitions have been very strategic in nature, building new verticals in voice and e-mail and a presence in the developer and SMB markets. In our view, Sinch is developing a global market-leading position alongside Twilio. We are c5% above post-Q2 consensus on gross profit and EBITDA ahead of the Q3 report. We reiterate our BUY and have raised our target price to SEK215 (190).

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

Sinch AB - Entering e-mail through big M&A

Acuires US Pathwire for USD 1.9bn (50/50 cash/shares) Pathwire adds 16% and grows faster with higher margin 35x ‘21e EV/EBITDA multiple not too bad, share +5-10%

ResearchPool Subscriptions

Get the most out of your insights

Get in touch