About CHAI
CHAI is a company based in Seongdong (South Korea) founded in 2019 by Rahul Abrol and Daniel Shin. It operates as a FinTech and Brokerage / Intermediation. CHAI has raised $120 million across 3 funding rounds from investors including SK Networks, Hanwha Investment & Securities and Arden Partners. CHAI offers products and services including Electronic Financial Transactions. CHAI operates in a competitive market with competitors including MoneyGram, Kakao Pay, CarePay, Mobilians and SSGPAY, among others.
- Headquarter Seongdong, South Korea
- Founders Rahul Abrol, Daniel Shin
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Sectors
Financial Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Chai Corporation Co., Ltd.
- Jurisdiction Na, Maharashtra, India
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Annual Revenue
$2.26 M (USD)305as on Dec 31, 2022
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Net Profit
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EBITDA
-$10.97 M (USD)57as on Dec 31, 2022
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Total Equity Funding
$120 M (USD)
in 3 rounds
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Latest Funding Round
$45 M (USD), Series B
Dec 20, 2021
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Investors
SK Networks
& 9 more
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Employee Count
Employee Count
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Products & Services of CHAI
CHAI offers a comprehensive portfolio of products and services, including Electronic Financial Transactions.
Electronic financial transactions are facilitated through integrated platforms.
People of CHAI
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Funding Insights of CHAI
CHAI has successfully raised a total of $120M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $45 million completed in December 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 3
- Last Round Series B — $45.0M
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First Round
First Round
(01 Feb 2020)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Series B - CHAI | Valuation | Nyca Partners , SBVA | |
| Dec, 2020 | Amount | Series B - CHAI | Valuation | Hanwha Investment & Securities | |
| Feb, 2020 | Amount | Series A - CHAI | Valuation |
investors |
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Investors in CHAI
CHAI has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include SK Networks, Hanwha Investment & Securities and Arden Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are supported through strategic investments by KT Investment.
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Founded Year | Domain | Location | |
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Investments are made in AI, blockchain, 3D printing, and robotics.
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Founded Year | Domain | Location | |
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location |
Investments & Acquisitions by CHAI
Financial Statements - CHAI
Chai Comparisons
Competitors of CHAI
CHAI 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 MoneyGram, Kakao Pay, CarePay, Mobilians and SSGPAY, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Digital wallet services for consumer payments and transfers are offered.
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Consumer payments are enabled via an online wallet platform.
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| domain | founded_year | HQ Location |
Mobile app for payments via SSG MONEY, credit cards, and bank accounts.
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| domain | founded_year | HQ Location |
Mobile payment app for online and P2P payments.
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Latest news on Chai
Frequently Asked Questions about CHAI
CHAI was founded in 2019 and raised its 1st funding round 1 year after it was founded.
CHAI is headquartered in Seongdong, South Korea.
Rahul Abrol is the current CEO of CHAI. They have also founded this company.
CHAI is a funded company, having raised a total of $120M across 3 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Feb 01, 2020.
Annual revenue of CHAI is $2.26M as on Dec 31, 2022.
CHAI Corporation is involved in providing electronic financial transaction services in South Korea. The company operates as an intermediary in telecommunications sales for certain products, limiting its responsibility for product information and transactions. Its activities are centered in the financial technology sector, offering integrated solutions for electronic payments.
CHAI offers Electronic Financial Transactions.
CHAI has 10 investors. Key investors include SK Networks, Hanwha Investment & Securities, Arden Partners, KT Investment, and Conductive Ventures.