About CHAI
CHAI is a Financial Services company based in Seongdong (South Korea) founded in 2019 by Rahul Abrol and Daniel Shin. CHAI is engaged in electronic financial transaction services. It operates on a FinTech and Brokerage / Intermediation model. CHAI has raised $120 million across 3 funding rounds from investors including SK Networks, Hanwha Investment & Securities and Arden Partners. Its chief executive, as recorded, is Rahul Abrol. CHAI offers products and services including Electronic Financial Transactions. Its focus areas include Financials and Electronic Payments. Its legal entity in India is CHAI Corporation Co., Ltd (U99999MH1977PLC010754). Its competitors include Kakao Pay, Mobilians and SSGPAY; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Seongdong, South Korea
- Founders Rahul Abrol, Daniel Shin
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website chai.finance
- Social LinkedIn
- Legal Name Chai Corporation Co., Ltd.
- Date of Incorporation 10 Aug, 1977
- Jurisdiction Maharashtra, India
- Annual Revenue$2.26 M (USD)305as on Dec 31, 2022
- EBITDA-$10.97 M (USD)57as on Dec 31, 2022
- Total Equity Funding$120M (USD)
in 3 rounds
- Latest Funding Round$45M (USD), Series B
Dec 2021
- InvestorsSK Networks
& 9 more
Associated legal entities of CHAI
CHAI operates through , (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| , CIN U99999MH1977PLC010754 | Active | 10 Aug 1977 | Nanded, Maharashtra | View details |
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.
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 $120M
- Total Rounds 3
- Last Round Series B — $45M
- First Round $15M
(Feb 2020)
- Investors Count 10
All 3 funding rounds of CHAI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $45M | Series B | – | Nyca Partners, SBVA | |
| Dec 2020 | $60M | Series B | – | Hanwha Investment & Securities | |
| Feb 2020 | $15M | Series A | – | – | – |
10 investors in total: 10 institutional.
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 |
|---|---|---|---|---|
Early-stage startups are supported through strategic investments by KT Investment. | 2015 | ktinvestment.co.kr | Seoul, South Korea | |
Investments are made in AI, blockchain, 3D printing, and robotics. | conductive.vc | Palo Alto, United States | ||
Venture capital fund investing in early-stage tech startups | samsungnext.com | Berlin, Germany | ||
Tech focused early stage VC firm investing in the US | nyca.com | New York, United States | ||
Early-stage venture capital arm of SoftBank Group | sbvacorp.com | Seoul, South Korea | ||
Multistage investments are directed toward technology, healthcare, and climate sectors. | b.capital | Manhattan Beach, United States | ||
| nordstarcapital.ca | ||||
Diversified investment management firm | 1962 | hanwhawm.com | Seoul, South Korea | |
Industrial conglomerate | 1953 | sknetworks.co.kr | Seoul, South Korea | |
Corporate advisory and multi-service stockbroking are provided by Arden Partners. | 2002 | arden-partners.com | London, United Kingdom |
Investor details for CHAI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of CHAI
14 people are tracked at CHAI (5 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Rahul Abrol | Co-Founder and Co-CEO | Leadership |
Daniel Shin | Founder & CEO | Leadership |
Andy Han | Chief Strategy Officer (CSO) | Leadership |
(곽노흥) Noah | Business Developement Head | Leadership |
Raghav Rastogi | General Manager, International Business | Leadership |
Sarah Ho | Business Development Representative | Team |
진영 박 | Software Engineer | Team |
Joel Yeom | Compensation & Benefits | Team |
Dhairy Tripathi | Software Development Engineer | Team |
Abhinav Sharma | Software Engineer | Team |
Mustafa Mohammed | Product & Engineering | Team |
Kalpesh Chaudhari | Frontend Developer | Team |
Angelina Sulastri | Regional Partnership And Account Manager | Team |
Sireesha Neelapu | SDE II Software Engineer | Team |
Complete people profiles for CHAI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of CHAI
3 dated milestones of CHAI across 2 years, from founding to its latest funding, stage changes and deals.
- Founded CHAI is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series B, of $45.0M.
Competitors of CHAI
CHAI has 3 listed competitors in our database, 1 of them funded. They include Kakao Pay, Mobilians and SSGPAY.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| kakaopay.com | 2012 | Seongnam-si, South Korea | $331.97M | Digital wallet services for consumer payments and transfers are offered. | ||
| mobilians.co.kr | 2000 | Seoul, South Korea | Consumer payments are enabled via an online wallet platform. | |||
| ssgpay.com | 2006 | Seoul, South Korea | Mobile app for payments via SSG MONEY, credit cards, and bank accounts. |
Detailed competitors of CHAI
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of CHAI
The website of CHAI (chai.finance) receives about 4.3K visits a month.
- Monthly visits4.3K
▲ 5.9% vs previous month
Websites whose visitors overlap most with CHAI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
artistchai.co.kr | artistchai.co.kr | 100% | #291,496 | – |
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Related news about Chai
Complete news archive for CHAI
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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 CEO of CHAI, as recorded in our data. 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 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.
CHAI operates through ,.