The iOS app, launched in October 2019 and situated within the Utilities niche, enables users to safeguard their private photos and videos with features like password protection (including Face ID) and break-in alerts. In a market where about 100,000 monthly searches are recorded for phrases such as "app to hide photos," there is evident demand for privacy-focused apps on smartphones. Despite its potential, the app is still in its early stages of growth, with a burgeoning audience in regions like Latin America and Spain. Currently, most users are based in the United States, although the app holds global marketing potential. It currently boasts 92 paying subscribers generating a monthly recurring revenue (MRR) of $200 and approximately 1,600 users on free accounts who have yet to be targeted for conversion. Organically achieving around 400 downloads per month, the app's growth could be vastly accelerated with an effective strategy. It has a strong user rating of 4.7 out of 5 on the App Store. The app's creators are considering selling it due to their involvement in managing a broader digital portfolio, including two other software as a service (SaaS) projects acquired in recent months. Given their other projects are gaining momentum, they have not been able to devote the necessary time to this app, making it a potentially valuable opportunity for a new owner equipped with the right resources and attention. For additional details, the company has provided a confidential information memorandum for interested parties.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More