Syncro launches new business venture for TikTok

Share

Share on facebook
Share on twitter
Share on linkedin
Share on email
Today, Syncro's subsidiary, CUBE, is launching a new business venture—TikTok Studio—which provides brands with a comprehensive offer for TikTok, today’s fastest growing social media platform.

 

In addition to influencer marketing, CUBE’s TikTok Studio will include strategy support and the customized production of a brand’s own business account, of which paid social is a part. The new business venture is enabled via, and together with, another Syncro subsidiary product: The Collabs’ platform, one of the first SaaS platforms able to offer a comprehensive, tech-based solution to TikTok campaigns on a global level.

 

“From our end, this is a major strategic investment and a completely new business venture within Syncro. We see an incredible strength and competitive advantage in being one of the first on the market to offer a combined agency-SaaS solution within the fastest growing social media channel in the world, and we already see this venture generating significant new revenue for the group in 2023,” says Olof Lindblom, CMO Syncro.

 

The venture is led by Denise Mehta, Head of Brand Solutions, as well as CUBE’s Creative Director, Rasmus Kolbe, who has 1.1 million followers on TikTok.

“We are currently working with over a hundred brands on an annual basis across the Nordics, and feel that there is a big gap in the market when it comes to TikTok. We have developed a unique offer that will help streamline the process for our customers when setting strategies, conceptualizing creative briefs, and, perhaps most crucially, providing results based on set KPIs for TikTok, a fast-growing channel where general in-house competence is lacking. We have already received an incredibly good response from the market having launched a product that has been lacking until now.” says Denise Mehta, Head of Brand Solutions CUBE.

 

Read more here: https://wearecube.se/tiktokstudio/

For more information, please contact:

Denise Mehta, Head of Brand Solutions, WeAreCube AB

Telefon: 073 696 98 87

E-post: denise.mehta@wearecube.se

 

Olof Lindblom, CMO Syncro Group

Telefon: 076 174 28 25

E-post: olof.lindblom@syncro.group

 

About Syncro Group

Syncro enables collaboration between people and brands through innovative tech. We invest in companies that are part of forming the new digital economy and strengthening our market offering. Syncro has offices in Sweden and Denmark, with headquarters in Stockholm.

 

Attachments:

Join our investor community

Sign up to our newsletter and get our latest news continuously. For a everyday insight follow us on social media

Explore more

Idag, den 26 september 2023, är den sista dagen för handel med teckningsoptioner av serie TO4 i Syncro Group AB (publ) (”Syncro Group” eller "Bolaget"). Nyttjandeperioden för teckningsoptionerna av serie TO4 pågår till och med den 29 september 2023. Varje teckningsoption av serie TO4 ger rätt att teckna en (1) ny B-aktie i Syncro Group. Teckningskursen för teckningsoptionerna av serie TO4 är 0,10 SEK per B-aktie.

Syncro Group AB (publ) (”Syncro Group” eller "Bolaget") har som tidigare meddelats utsett Mangold Fondkommission AB (”Mangold”) till likviditetsgarant för bolagets aktie på Spotlight Stock Market. För att möjliggöra Mangolds uppdrag har Syncro Groups VD, Ebbe Damm, åtagit sig att låna ut närmare fem miljoner aktier från sitt privata innehav i Bolaget till Mangold. Någon ersättning för aktielånet utgår inte.