About InstaPay
InstaPay is a company based in Seoul (South Korea) founded in 2013 by Jaegwang Bae. InstaPay has raised $1.25 million across 2 funding rounds. InstaPay offers products and services including InstaPay App and InstaBooks. InstaPay operates in a competitive market with competitors including MoneyGram, Kakao Pay, CarePay, Mobilians and SSGPAY, among others.
- Headquarter Seoul, South Korea
- Founders Jaegwang Bae
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Total Equity Funding
$1.25 M (USD)
in 2 rounds
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Latest Funding Round
$1.25 M (USD), Series B
Jun 30, 2020
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Investors
Not available
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Employee Count
Not available
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Products & Services of InstaPay
InstaPay offers a comprehensive portfolio of products and services, including InstaPay App and InstaBooks.
Mobile app for QR-based payments in online and offline scenarios.
Service for book purchases with integrated mobile payment options.
Funding Insights of InstaPay
InstaPay has successfully raised a total of $1.25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $1.25 million completed in June 2020. 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.
Investments & Acquisitions by InstaPay
Investment portfolio details for InstaPay
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Financial Statements - InstaPay
Detailed financials for InstaPay
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Instapay Comparisons
Peer comparison for InstaPay
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Competitors of InstaPay
InstaPay 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.
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Cross-border payments are enabled via wallet solutions for consumers.
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Digital wallet services for consumer payments and transfers are offered.
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Provider of a health insurance platform for global insurers
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Consumer payments are enabled via an online wallet platform.
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Mobile app for payments via SSG MONEY, credit cards, and bank accounts.
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Detailed competitors of InstaPay
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Latest news on Instapay
Complete news archive for InstaPay
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Frequently Asked Questions about InstaPay
InstaPay was founded in 2013 and raised its 1st funding round 3 years after it was founded.
InstaPay is headquartered in Seoul, South Korea.
Jaegwang Bae is the current CEO of InstaPay. They have also founded this company.
InstaPay is a funded company, having raised a total of $1.25M across 2 funding rounds to date.
InstaPay was founded in 2013 in Seoul, South Korea, within the fintech sector. Operations focus on a mobile app that facilitates direct payments for online shopping and peer-to-peer money transfers. Services are provided through the app for users in South Korea. Recognition was received as the winner of the Citi Mobile Challenge in 2015. The domain instapay.kr is utilized for access.
InstaPay offers InstaPay App and InstaBooks.