10 Things You Didn’t Know about Flitto

Flitto is a translation service of sorts that has its headquarters in Seoul, South Korea, where it was founded by Simon Lee, Dan Kang, and Jin Kim. Since its founding, the service has undergone continuous change, with the result that it is now an important player in its chosen market.

Here are 10 things that you may or may not have known about Flitto:

Founded as a Crowd-sourcing Platform for Translations

First and foremost, Flitto stands out from other translation services in that it is a crowd-sourcing platform for translations. In other words, it exists to match up people and other parties who are interested in translations with people who are capable of providing them with those translations.

Most Revenue Comes from Sale of Corpus

With that said, most of Flitto’s revenues don’t come from the translations but rather from something called corpus. For those who are curious, a corpus is a collection of text, which can provide interested parties with a better understanding of the language or languages in which the text is rendered. Unfortunately, creating a corpus tends to be expensive and time-consuming, which why Flitto has an advantage in that it generates corpus through its routine revenue-earning operations.

Wide Range of Customers

As a result, Flitto does business with a wide range of parties that are interested in its corpora for use in training their own machine-based translation tools. These parties consist of some rather well-known names, with examples including but not limited to Baidu, Tencent, Microsoft, and the South Korean government. Of course, this is not counting the even wider range of people and other parties who are just interested in getting translations done at an affordable cost.

Its Translation Services Met an Unfulfilled Need

When it was founded, Flitto fulfilled a need that was not being met by the market. Simply put, machine-based translation services are still too primitive to produce useful translations, not least because a good translation is not as simple as a one-to-one exchange of words in one language for words in another language. However, hiring a full-time translator was too expensive for most interested parties, which is why Flitto managed to find a niche for itself between these two extremes.

Available for 18 Languages

At this point in time, Flitto offers translations for 18 languages, which is perhaps unsurprising when its user base encompasses millions and millions of people in more than 170 countries. Examples of the languages that it can translate include but are not limited to English, Simplified Chinese, Traditional Chinese, French, German, Spanish, Arabic, and Russian.

Available for Text, Image, and Voice

On a related note, people can use Flitto for translating more than just text. After all, the crowd-sourcing platform can accommodate the translations of both images and voice recording as well, thus making it that much more useful for interested parties.

Runs on a Points System

Flitto runs on a points system, which can be purchased using credit cards, PayPal, and other options. These points can be used to request translations. Likewise, these points can be either redeemed for cash or exchanged for a wide range of items in the Flitto store.

Customers Can Have Multiple Translators Collaborate on the Same Project for Faster Translation

One of the interesting features of Flitto enabled by its nature as a crowd-sourcing platform is that customers can divide a single document into multiple segments so that they can be worked on by multiple translators for a faster process. However, this approach comes with a risk of an inconsistent translation because different people will render the same meaning in different ways, which is why the platform offers the translators the chance to look at the whole document as well as the translations that other people have produced to ensure greater coherence.

Translates Social Media Accounts

Amusingly, one of Flitto’s other services offers celebrities the chance to communicate with their fans in a wide range of languages via their social networking accounts, with examples of its customers ranging from PSY and other K-pop stars to Brazilian author Paulo Coelho. So far, Flitto supports three social networking services, with the three being Twitter, Instagram, and Weibo.

Started Out in a Start-Up Center

Currently, Flitto is based out of a particularly affluent neighborhood in Seoul, South Korea. However, it is interesting to note that it started out in a start-up center, which is essentially a kind of business that helps out entrepreneurs by providing office space as well as other services that can prove useful for start-ups.


Add Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nuro
20 Things You Didn’t Know about Nuro
Paul Davison
10 Things You Didn’t Know About Paul Davison
Coupang
20 Things You Didn’t Know About Coupang
Neuralink
20 Things You Didn’t Know about Neuralink
NFT Market
The Top Five NFT Marketplaces Out Right Now
Activist Investors
What Exactly is Activist Investing?
Apple Products
Five Stocks That Most Billionaire Investors Own
Venture Capital
The Rise of the Venture Capital Scene in Africa
Forest Glen, Winnetka
The 20 Richest Neighborhoods in Illinois
Stowe Vermont
A Traveler’s Guide to Hiking in Stowe, VT
Stapleton
The 10 Richest Neighborhoods in Denver, CO
Highland Park
The 10 Richest Neighborhoods in Dallas
McLaren Models
The Top Five 0-60 mph McLaren Models of All-Time
1998 McLaren F1 LM
The Five Most Expensive McLaren Models of All-Time
Review of the 2021 BMW X5 xDrive 45e
Does McLaren Make an SUV?
Hermes Klikti watch 17 x 16 mm
The Five Most Expensive Hermes Watches Money Can Buy
Louis Vuitton Tambour Daimer Cobalt Blue And Gold Chronograph 46
The Five Best Louis Vuitton Watches Money Can Buy
Chopard Alpine Eagle Ladies' Small
The Five Finest Gold Chopard Watches
Chopard
The Used Chopard Watch: A Buyer’s Guide
Liza Minelli
How Liza Minnelli Achieved a Net Worth of $50 Million
Joy Behar
How Joy Behar Achieved A Net Worth of $30 Million
Ashley Judd
How Ashley Judd Achieved a Net Worth of $22 Million
Brian Baumgartner
How Brian Baumgartner Achieved a Net Worth of $8 Million