In just a year, the music streaming platform has quadrupled its downloads and tripled its monthly active users, standing in the top positions on the App Store in its category
April 25, Barcelona – MonkingMe the music app that let users legally download and stream music for free, has reached 1,000,000 downloads on iOS and over 800,000 on Android and consolidates itself as one of the top free apps on the App Store.
With this new achievement, the star-up based in Barcelona, prepares for a new stage with three main goals: expand its catalog, tighten relations with new record labels and rise enough funding to face another year of great achievements.
Much more than a music app
MonkingMe was established in 2014 with the revolutionary dream to not ban piracy but make it unnecessary. Since then, thousands of artists and many record labels (both, national and international) have partnered with MonkingMe. That is because besides offering free music, it has become an excellent tool for artists’ promotion since it allows them to earn additional money derived from their music.
A pioneer model
One of the key points to the success of the app lies in its own virtual currency called “Bananas” which turn MonkingMe into the first platform in the music sector to incorporate gamification in its business model. “Bananas” are used for skipping ads and they can be earned easily by seeing ads, answering to AdQuizzes and collecting daily rewards.
Media that have shared the new milestone:
For additional information and interviews:
Raul Martínez, co-fundador