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
- SectorsFinancial Services
- Website book.instapay.kr
- Social Facebook Instagram YouTube
- Total Equity Funding$1.25M (USD)
in 2 rounds
- Latest Funding Round$1.25M (USD), Series B
Jun 2020
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.
Apps and channels of InstaPay
InstaPay publishes 2 mobile apps with over 50K+ downloads; its YouTube channel InstaPay ADS has 393 subscribers and 30 videos.
Videos from InstaPay
The most watched videos on InstaPay's YouTube channel, InstaPay ADS (393 subscribers). Click a video to play it here.
More on InstaPay ADS.
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 $1.25M
- Total Rounds 2
- Last Round Series B — $1.25M
All 2 funding rounds of InstaPay 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 |
|---|---|---|---|---|---|
| Jun 2020 | $1.25M | Series B | – | – | – |
| Jun 2016 | – | Series A | – | – | – |
People of InstaPay
1 people are tracked at InstaPay (1 in leadership).
| Name | Role | Group |
|---|---|---|
Jaegwang Bae | Founder & CEO | Leadership |
Complete people profiles for InstaPay
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of InstaPay
3 dated milestones of InstaPay across 7 years, from founding to its latest funding, stage changes and deals.
- Founded InstaPay is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $1.2M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneygram.com | 1940 | Dallas, United States | – | – | Cross-border payments are enabled via wallet solutions for consumers. | |
| kakaopay.com | 2012 | Seongnam-si, South Korea | $331.97M | – | Digital wallet services for consumer payments and transfers are offered. | |
| carepay.com | 2015 | Amsterdam, Netherlands | $61.81M | – | Provider of a health insurance platform for global insurers | |
| 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. | |
| hellochat.com | 2005 | Seoul, South Korea | – | – | Provides social networking, instant payments, and secure money transfers with zero fees. |
Detailed competitors of InstaPay
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 InstaPay
The website of InstaPay (instapay.kr) receives about 4.4K visits a month.
- Monthly visits4.4K
▲ 64% vs previous month
Latest news on Instapay
Complete news archive for InstaPay
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to InstaPay
10 companies that operate in the same segment as InstaPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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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.
Yes. InstaPay publishes 인스타페이-모든 책 20%할인 4세대 결제플랫폼 and 1 more app, with over 50,000 downloads.