Top FinTech Companies in Korea

Top Fintech Companies South Korea Fintech Asia

South Korea has one of the best internet connectivity infrastructure and smartphone penetration in the world. Online financial services like internet banking are also very popular. When it comes to the users’ experience, not so much. The security systems in use were developed in an era gone by in terms of technology… malware-like software needed to be used alongside while accessing banking and related services. Government regulations had been slow in evolving too.

But things are changing. Fintech companies in South Korea have begun the introduction of convenient and smooth experiences, while also modernising the security methods akin to rest of the world in e-commerce and furthermore. The government is supportive by relaxing regulations so technology startups are able to grow in an environment suited for exactly that.

Fintech Asia brings this list of some of the top fintech companies in Korea that you should know about right now.

 

P.S. We welcome any recommendations, suggestions or corrections to the list… please write us an email on info@fintechasia.net.

 

Top FinTech Companies in Korea

Company

Website

Million USD

Founder / CEO

Category

Kakao Pay

kakao.com

200

Kim Bum-soo

Payments

DAYLI Financial Group (Yello)

daylifg.com

187.2

Lee Sang-hyuk

Finance Management

Toss (Viva Republica)

toss.im

77.2

Seunggeon Lee

Payments

8Percent

8percent.kr

13

Lee Hyo-jin

Lending

Coinplug

coinplug.com

8.3

Ryan Uhr, Jay Hong

Cryptocurrency

Lendit

lendit.co.kr

6.6

Sungjoon Kim

Lending

Korbit

korbit.co.kr

6.5

Louis Jinhwa Kim, Tony Lyu, Kangmo Kim

Cryptocurrency

PeopleFund

peoplefund.kr

5.7

Joey Kim

Lending

Dunamu

dunamu.com

3.3

Chihyeong Song

Investment Management

Streami

streami.co

2

James Park, Junhaeng Lee, Seungmyung Lee, Yeunjin Kong

Blockchain

AIM (Automated Investment Management)

getaim.co

1.6

Jenna Lee

Investment Management

Tumblbug

tumblbug.com

1.5

Jaeseung Yeom

Crowdfunding

Finda

finda.co.kr

1.47

Hye Min Lee, Hongmin Park

Finance Management

Doomoolmori

doomoolmori.com

0.35

Julius Chun, Jisoo Park, Seungkyu Lee, Rak Hyeon Song

Investment Management

Devign Lab (Coinone)

coinone.co.kr

0.2

Myunghun Cha

Cryptocurrency

 

Editor’s note: The funding/investment data was collected from various sources such as Crunchbase, CBInsights, news reports, etc. Not all rounds have been disclosed by companies.

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