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How Jon Yongfook built Bannerbear into a $600k SaaS

May 15, 2025
in BUSINESS
How Jon Yongfook built Bannerbear into a $600k SaaS

Jon Yongfook Cockle

Jon Yongfook Cockle’s path to success wasn’t built on Silicon Valley funding rounds or viral product launches. Instead, this British-Singaporean entrepreneur quietly crafted his own formula — one product a month, relentless execution, and a focus on simple, profitable software.

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Today, as the founder and CEO of Bannerbear, an API-driven platform automating marketing visuals, Yongfook has grown his bootstrapped SaaS to $50,000 Monthly Recurring Revenue (MRR). His journey, however, spans much further, blending corporate leadership, indie hacking, and even a touch of style icon status.

As seen in Millionaire MNL, Yongfook’s story is proof that consistency beats hype.

From Tokyo experiments to serial exits

Yongfook’s entrepreneurial streak started early. While living in Tokyo, he launched ZapZap, a social podcast directory, followed by Open Source Food, a social network for food enthusiasts acquired in 2007.

This set the tone for future ventures. He built and sold PitchPigeon, a press release SaaS platform, and Beatrixapp.com, a virtual assistant managing social media for businesses. These early successes showcased his ability to spot simple pain points and create tools that solved them effectively.

Climbing the corporate ladder before leaping back to startups

Despite his startup experience, Yongfook took on a major corporate role at Aviva Asia as Head of Digital Product & Design. There, he led regional digital initiatives, gaining valuable insights into scaling products across diverse markets.

Jon Yongfook Cockle

Yet, the corporate world was not his final destination. In 2018, at age 38, Yongfook left his $20,000/month salary to pursue entrepreneurship full-time. He challenged himself with a bold goal: launch one product per month for a year. This disciplined approach laid the groundwork for his next big venture.

Building Bannerbear and bootstrapping to $600k ARR

In 2019, Yongfook founded Bannerbear, a platform that automates the creation of images and videos for marketing teams through API integrations. Starting as a solo founder, he grew the company into a profitable SaaS, reaching $600,000 in annual revenue by 2024.

Rather than chasing venture capital, Yongfook focused on sustainable growth. By keeping operations lean and prioritizing product-led strategies, he built a profitable business with operational flexibility, allowing him to scale while maintaining control.

Sharing knowledge and becoming a style icon

Beyond SaaS, Yongfook has authored the Growth Hacking Handbook, offering practical advice on startup growth strategies. He is a regular speaker at tech conferences across Asia, sharing insights on lean methodology, digital growth, and user experience.

His personal brand extends into lifestyle as well. Featured in Tatler Asia as “The Dapper Man,” Yongfook’s fashion sense and grooming routines have earned him recognition beyond the tech world. He embraces a digital nomad lifestyle, working from coworking spaces across Southeast Asia and Europe, while maintaining a disciplined daily schedule.

A quiet success story built on focus and execution

Yongfook’s journey defies the typical startup narrative. He didn’t chase unicorn valuations or viral fame. Instead, he built simple products that solve real problems, scaled them profitably, and carved out a successful niche on his own terms.

Yongfook moderating at Echelon, Asia’s biggest tech conference

His story resonates with a growing wave of indie founders who prioritize freedom, sustainability, and long-term value over the allure of Silicon Valley hype.

Millionaire MNL News is a global news platform spotlighting business developments and remarkable individuals in entrepreneurship and lifestyle.

Tags: Bannerbearindie hackingJon YongfookMillionaire MNLSaaS growth
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