The World’s Largest Web-3 Streaming Platform: Myco - A Success Story
We partnered with Myco three years ago to facilitate their back-office setup through our tech outsourcing services. By providing tailored solutions, we enabled Myco to shift 80% of their workforce to Pakistan, significantly reducing costs while maintaining high-quality operations. Previously operating the bulk of their staff in Dubai, Myco now thrives with a streamlined and efficient team based in Pakistan, thanks to our collaboration.
Our Comprehensive Support Pillars
Ability Group provided Myco with end-to-end support across critical business functions:
Workforce Shift & Impact
Under Ability’s management over the last 3 years, Myco successfully shifted 80% of its total workforce to Pakistan, while maintaining 15% in the UAE and 5% in Arabia.
Key Positions Hired for Myco
Our recruitment efforts successfully filled a diverse range of critical roles:
Cost-Benefit Analysis: Over $93,000 Saved per Month
Through our three-year partnership, Ability helped Myco achieve significant cost savings while enhancing team quality. This allowed Myco to reduce payroll costs by 66.67%.
The Myco Transformation: From $3M to $80M Valuation
Three years ago, Myco was a budding startup with a valuation of $3 million. Today, it stands as a global success, achieving and surpassing milestones with over 13 million registered users and 3 million monthly active users across 190 countries. This remarkable growth has elevated its valuation to over $80 million.
Ability played a pivotal role in this journey by providing cost-effective tech outsourcing solutions, enabling Myco to scale efficiently while reducing payroll costs by 66.67%. With Ability’s support, Myco expanded its workforce, streamlined operations, and focused on achieving strategic goals, contributing to its incredible transformation into an $80M valuation company.
