In 2011, Wattpad announced that it received $3.5M in total funding from its current investors, and from W Media Ventures, Golden Venture Partners, and Union Square Ventures. As of 2018, there are more than 400 million story uploads on Wattpad.Īs of January 2018, Wattpad had received almost USD $117.8M in funding from investors. Currently, Wattpad has more than 90 million users who as part of the Wattpad community collectively spend 15 billion minutes each month using Wattpad. In December 2015, Windows Phone 8.1 and Windows 10 Mobile Version was released. This was followed by the launch on BlackBerry App World in April 2009, Google Android in June 2009 and Apple iPad in April 2010. In March 2009, an iPhone version was released. According to a June 2009 Wattpad press release, the mobile application had been downloaded over 5 million times. In February 2007, Wattpad announced the addition of over 17,000 e-books from Project Gutenberg making them available to mobile users. The company is based in Toronto, Ontario. Wattpad developed in 2006, as the result of a collaboration between Allen Lau and Ivan Yuen.

In January 2019, Wattpad launched a publishing division named Wattpad Books, in an effort to take the 'guesswork' out of publishing for authors. Some of these stories are being transformed into TV dramas and movies, an example of which is The Kissing Booth.

Wattpad has stories available in more than 50 languages, and nearly 300,000 writers from 35 countries take part every year in the largest writing competition, the Watty Awards. As of November 2021, Wattpad has a monthly audience of more than 90 million users, who can directly interact with the writers and share their opinions with fellow readers. In January 2021, Naver Corporation announced that it would be acquiring Wattpad. The platform allows users to write and publish stories, or just read stories generated by other users. Founded by Allen Lau and Ivan Yuen, the platform aims to create social communities around stories, and remove the barriers between readers and writers. Wattpad is an online social reading platform intended for users to read and write original stories. Registration is also required for unlocking Wattpad Paid Stories with Wattpad Coins (since 2018 & 2019). Required for the majority of the tasks, such as: Editing, creating, or reading stories, view profiles, comment or vote stories and post messages.

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