Line Corporation, a Japan-based mobile messaging platform, could break even within one-to-two years due to hefty investments in the fintech sector, according to Bloomberg.
The company could see profits from its investments, which include, banking, stock trading, loans and insurance, in as little as three years.
“Fintech itself is a proven monetized model, the only problem is how fast we can secure a meaningful size of users,” Shin Jung-ho, chief executive officer, told Bloomberg.
Line currently provides instant messaging and voice and video calls, as well as content sales and advertising through its versatile platform.
Its shares fell to the lowest since an initial public offering in June on the prospects of losses ahead, according to Bloomberg.
The company plans to spend the next two-to-three years identifying user needs, and then focus on the home market in Taiwan before expanding efforts outward.
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