About Bank Salad
Bank Salad is a company based in Seoul (South Korea) founded in 2012 by Kim Tae-hoon.. Bank Salad has raised $81.95 million across 6 funding rounds from investors including Kia, KT and Atinum Investment. Bank Salad operates in a competitive market with competitors including FINSET, one savings, Bank Mall and Loan Cafe, among others.
- Headquarter Seoul, South Korea
- Founders Kim Tae-hoon
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Rainist Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$81.95 M (USD)
in 6 rounds
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Latest Funding Round
$8.72 M (USD), Series C
Aug 09, 2021
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Investors
Kia
& 10 more
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Employee Count
Employee Count
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Funding Insights of Bank Salad
Bank Salad has successfully raised a total of $81.95M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $8.72 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $8.7M
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First Round
First Round
(01 Jun 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - Bank Salad | Valuation | Kia |
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| Jun, 2021 | Amount | Series C - Bank Salad | Valuation |
investors |
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| Aug, 2019 | Amount | Series C - Bank Salad | Valuation | Company K Partners , IMM Investment |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bank Salad
Bank Salad has secured backing from 11 investors, including institutional and venture fund investors. Prominent investors backing the company include Kia, KT and Atinum Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm investing in tech startups
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Founded Year | Domain | Location | |
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Growth stage companies are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Early-stage tech and life sciences focused VC & PE firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Bank Salad
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bank Salad
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bank Salad Comparisons
Competitors of Bank Salad
Bank Salad operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FINSET, one savings, Bank Mall and Loan Cafe, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and business loans are compared through an online platform.
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| domain | founded_year | HQ Location |
Savings comparison platform is developed for time deposit products.
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| domain | founded_year | HQ Location |
Online platform for comparing loans including housing and business options.
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| domain | founded_year | HQ Location |
Provides a lead generation platform for loan products in the financial sector.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bank Salad
Frequently Asked Questions about Bank Salad
When was Bank Salad founded?
Bank Salad was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Bank Salad located?
Bank Salad is headquartered in Seoul, South Korea.
Who is the current CEO of Bank Salad?
Kim Tae-hoon is the current CEO of Bank Salad. They have also founded this company.
Is Bank Salad a funded company?
Bank Salad is a funded company, having raised a total of $81.95M across 6 funding rounds to date. The company's 1st funding round was a Series C of $37.07M, raised on Jun 01, 2015.
What does Bank Salad do?
Bank Salad was established in 2012 in Seoul, South Korea, within the fintech sector. An online platform is provided for consumers to compare credit card loans, personal loans, and savings deposits. Financial management tips and investment recommendations are also offered, alongside free genetic testing kits. The service is accessible through apps on Android and iOS devices.
Who are the top competitors of Bank Salad?
Bank Salad's top competitors include one savings, FINSET and Bank Mall.
Who are Bank Salad's investors?
Bank Salad has 11 investors. Key investors include Kia, KT, Atinum Investment, KB Investment, and Company K Partners.