Whitney Wolfe is the Chief Executive Officer and founder of Bumble, which is a dating platform app that gives women the opportunity to make the first move. The app was launched in 2014, and towards the end of 2017 it had 22 million users. It is reported that Bumble currently has more than 35 million users in 144 countries. The company is currently valued at more than $1 billion, according to Forbes. In addition to her work for Bumble, she also joined Imagine Entertainment as a member of the board of directors.
Whitney Wolfe attended Southern Methodist University, and major in International Studies, her major year being spent studying in Paris at the Sorbonne University. The Bumble app came to existence as a result of partnership between Whitney Wolfe and Andrey Andreev, who invested $10 million into the project and lent his consulting and Badoo’s infrastructure. Bumble was launched at the end of 2014 and is the only dating platform where women are making the first move, being described by Wolfe as a feminist dating app. In addition, Bumble also launched BFF and Bizz. BFF is an app meant to help women find friends instead of dates, and Bizz is an app designed for women meeting people for career networking purposes. View this video at cnbc.com to know more.
Within the first month, Bumble was downloaded 100,000 times, and having been part of the industry for only 4 years, Bumble became the fastest growing dating app in America, growing its user base by 70% ever year. Over 10% of its users pay a subscription, which resulted in the company having $100 million in revenues in the year 2017.
In 2018, Whitney Wolfe missed the cut to be on Forbes’ list of American’s Richest Self-Made Women, but the publications predicts she will soon join the ranks, based on the assumption that Bumble will continue to grow at the fast rate that it has. The company earned the 29 years old a fortune of $230, and she has been named in the “30 Under 30” list by Forbes in 2018, and was on the cover of magazines such as Fast Company and WIRED.