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
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Net Profit
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EBITDA
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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
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Employee Count
Employee Count
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Products & Services of InstaPay
InstaPay offers a comprehensive portfolio of products and services, including InstaPay App and InstaBooks. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $1.2M
- First Round First Round
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series B - InstaPay | Valuation |
investors |
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| Jun, 2016 | Amount | Series A - InstaPay | Valuation |
investors |
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| 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 |
Investments & Acquisitions by InstaPay
| 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 - InstaPay
| 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 |
Instapay Comparisons
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. 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 |
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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| 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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Frequently Asked Questions about InstaPay
When was InstaPay founded?
InstaPay was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is InstaPay located?
InstaPay is headquartered in Seoul, South Korea.
Who is the current CEO of InstaPay?
Jaegwang Bae is the current CEO of InstaPay. They have also founded this company.
Is InstaPay a funded company?
InstaPay is a funded company, having raised a total of $1.25M across 2 funding rounds to date.
What does InstaPay do?
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.
Who are the top competitors of InstaPay?
What products or services does InstaPay offer?
InstaPay offers InstaPay App and InstaBooks.