Once two users have matched, they can exchange messages. Tinder launched in 2012 within startup incubator Hatch Labs as a joint venture between IAC and the mobile app development firm Xtreme Labs. By 2014, Tinder was registering about one billion swipes per day. Tinder operates on a freemium business model.

Does Tinder make profit?

Tinders making a lot of money off the single people of the world. In its final earnings release for 2019, Match Group disclosed that Tinder brought in $1.2 billion in revenue last year, further cementing its place as the dating app companys most valuable asset.