Hinge is owned by the Match Group, which is a group that owns several brands. The main shareholders of the Match Group, which owns Tinder, comprise The Vanguard Group (11.1%), BlackRock (12.2%), and Edgewood Management (5.7%). Top individual shareholders comprise executives of the company like Sharmistha Dubey, an Indian-born American business executive who served as CEO of Match Group from March 2020 to May 2022.
| Detail | Description |
|---|---|
| Company | Hinge (under Match Group, Inc.) |
| Ownership Structure | Wholly owned subsidiary |
| Parent Company | Match Group, Inc. |
| Acquisition Date | Fully acquired in February 2019 |
| Founding Date | 2012 |
| Founder | Justin McLeod |
| Headquarters | New York City, New York, USA |
| Primary Business | Providing a dating app focused on meaningful connections and long-term relationships |
| Strategic Goals | Expanding market share among relationship-focused dating apps, enhancing user engagement through innovative features, and leveraging data for improved matchmaking |
Additional Ownership Details
- Corporate Structure and Ownership: Hinge is a wholly-owned subsidiary of Match Group, Inc., a global leader in the online dating industry. Match Group acquired a 51% stake in Hinge in 2018 and completed the acquisition in February 2019. Match Group, Inc. is publicly traded on NASDAQ under the ticker symbol MTCH.
- Corporate Strategy and Business Model: Hinge positions itself as the dating app “designed to be deleted,” emphasizing meaningful relationships over casual hookups. This strategy aligns with Match Group’s goal of catering to diverse dating preferences and expanding its portfolio of relationship-focused platforms.
- Product Innovation and User Engagement: Hinge continuously innovates by offering features like personalized prompts and video chats to facilitate deeper connections. The app utilizes data and user feedback to enhance matchmaking algorithms and improve the user experience, fitting within Match Group’s broader strategy of leveraging technology for user engagement.
- Market Positioning: Hinge targets millennials and young professionals seeking serious relationships. This positioning allows Match Group to capture a segment of the dating market interested in long-term partnerships, complementing other brands in its portfolio like Tinder and Match.com.
- User Safety and Privacy: Hinge prioritizes user safety with features like video verification and detailed privacy settings. This commitment to safety supports Match Group’s overall emphasis on maintaining trust and security across its dating platforms.
Related Visual Stories
