Coinone (CEO & Founder: Kevin Cha) recently announced its strategic investment in Sentbe (CEO: Sung Wook Choi), a fintech money transfer service. Coinone is a fintech startup that…
Tag – Fintech
Nexon Acquires Cryptocurrency Exchange Korbit at $80M
Nexon, Korea’s game giant, has acquired Korbit, one of the three major cryptocurrency exchanges in Korea. On September 26, NXC, Nexon’s holding company, announced its purchase of…
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Hot Summer for Kakao Pay: Transaction Reached $71M in July
Kakao Pay, the FinTech affiliate of Korea’s IT pioneer Kakao Corp, announced that its service transaction amount for July 2017 surpassed ₩80 billion ($71 million) – more than a 60%…
“Which Credit Card Should I Use?” FINDA and Viva Republica to Release Credit Card Curation…
On July 14th, Financial product recommendation platform FINDA (CEO: HyeMin Lee) revealed that the company will start a credit card curation service targeted for the customers in their 20s…
Paycock to Enter the Russian Finance Market with Mobile Payment Service
Domestic fin-tech startup Paycock (CEO, Hae Won Kwon) is entering the Russian finance market. On July 12th, Startup accelerator K-ICT Born2Global Center (Center Head, Jong Gap Kim)…
Seven Angels Holdings Acquires P2P Platform Elefund
On June 1st, Seven Angels Holdings announced the acquisition of real estate P2P financial platform, Elefund, in addition to welcoming Jun-kyun Kim, ex-director at HI Asset Management, as…
China: Leader in FinTech with $2.9 Trillion Annual Transaction
In 2016, Chinese mobile payment systems, such as Alipay and WeChat Pay, reached approximately $2.9 trillion annual transaction volume. The annual transaction increased by twenty-fold within…
K-bank and Kakao Bank Signal the Era of “Banking-Everywhere”
K-bank, Korea’s first internet bank, officially opened on April 3rd with over 20,000 registrations in one day. K-bank allows users to access commercial banking services 24/7…
KakaoPay Launches New service “Transfer to Bank”
KakaoPay announced the release of its mobile money transfer app’s new features and its expanded partnerships with several more financial institutions in to provide a more convenient…
Big Data for Better Credit Evaluation, FINC
A credit evaluation service based on individual’s data will be launched in March. On March 6th, Fintech Inc. introduced FINC, a credit evaluation service, at a press interview that…
Dunamu KakaoStock Launches ‘Newsbot’, A Specialized Stock Reporter Bot
Fintech company Dunamu that runs the specialized social trading app KakaoStock (CEO: Chi Hyung Song) announced on March 3rd that it is launching a specialized stock reporter bot:…
Kakao Introduces API-based Payment Service
On January 19th, Kakao Corp. introduced its in-house payment system, Kakao Pay with API (Application Programming Interface). Melon, Kakao’s subsidiary digital music service, will be the…