Taiwan-based Gogolook, the developer of Whoscall fraud prevention app that identifies phone callers, has obtained investment from GaAs wafer foundry service provider WIN Semiconductors, with most of the fund to be used to develop FinTech products and tap the Japanese market, according to company co-founder and CEO Jeff Kuo.
With Taiwan, Japan, South Korea, Hong Kong, Thailand, Malaysia and Brazil being the main markets currently, Whoscall has accumulated over 80 million downloads, Kuo noted.
Gogolook has set up its first overseas subsidiary in Fukuoka, Japan, for tapping the Japanese market, as financial frauds resulted in total loss of over JPY30 billion (US$287 million) a year for eight consecutive years (2012-2019) in the country, Kuo cited statistics by Japan's National Police Agency as indicating.
The municipal government of Fukuoka recently invited Gogolook to attend Bryond Coronavirus PoC (proof of concept) held in the city seeking cooperation to solve fraud problems. Gogolook has cooperated with the government to complete 3-month PoC for advanced Whoscall services and a survey of users' response.