About Kakao Pay
Kakao Pay is a company based in Seongnam-si (South Korea) founded in 2012 by Alex Ryu. Kakao Pay has raised $331.97 million across 2 funding rounds from investors including Ant Group. The company has 1,200 employees as of December 31, 2024. Kakao Pay has completed 3 acquisitions, including Baro Investment & Securities, INBYU and MOVILL. Kakao Pay offers products and services including Kakao Pay App and Kakao Pay Securities. Kakao Pay operates in a competitive market with competitors including MoneyGram, CarePay, NGPay, Mobilians and SSGPAY, among others.
- Headquarter Seongnam-si, South Korea
- Employees 1200 as on 31 Dec, 2024
- Founders Alex Ryu
- Stage Public
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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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- Legal Name Kakaopay Corp.
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Annual Revenue
$506.81 M (USD)23.14as on Dec 31, 2024
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Net Profit
-$9.3 M (USD)-645.15as on Dec 31, 2024
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EBITDA
-$1.89 M (USD)77.39as on Dec 31, 2024
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Total Equity Funding
$331.97 M (USD)
in 2 rounds
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Latest Funding Round
$131.97 M (USD), Series D
Jun 19, 2020
- Investors
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Employee Count
1200
as on Dec 31, 2024
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Investments & Acquisitions
Baro Investment & Securities
& 2 more
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IPO & Listings of Kakao Pay
Kakao Pay is a publicly listed company on the KRX with ticker symbol 377300 in South Korea, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Kakao Pay
Kakao Pay offers a comprehensive portfolio of products and services, including Kakao Pay App and Kakao Pay Securities.
Mobile app for handling payments, loans, and investments securely
Platform for stock trading and financial investment services
People of Kakao Pay
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Funding Insights of Kakao Pay
Kakao Pay has successfully raised a total of $331.97M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $131.97 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.
Investors in Kakao Pay
Kakao Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ant Group.
| Investor | Description | Founded Year | Domain | Location |
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Payment processing solution for consumers, small and micro businesses
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Investor details for Kakao Pay
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Investments & Acquisitions by Kakao Pay
Kakao Pay has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Baro Investment & Securities, INBYU and MOVILL.
Investment portfolio details for Kakao Pay
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Diversified insurance brokerage services are provided to various clients.
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Investment banking and brokerage services are provided in South Korea.
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Manufacturer of machine parts and vehicle parts also provide repair and maintenance services
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Locked | Locked | 1982 | Locked |
Complete acquisition details for Kakao Pay
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Financial Statements - Kakao Pay
Detailed financials for Kakao Pay
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Kakao Pay Comparisons
Peer comparison for Kakao Pay
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Competitors of Kakao Pay
Kakao Pay 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, CarePay, NGPay, Mobilians and SSGPAY, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cross-border payments are enabled via wallet solutions for consumers.
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Provider of a health insurance platform for global insurers
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Multi-category products are offered through an online marketplace.
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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 Kakao Pay
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Latest news on Kakao Pay
Complete news archive for Kakao Pay
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Frequently Asked Questions about Kakao Pay
Kakao Pay was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Kakao Pay is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Wonkeun S is the current CEO of Kakao Pay.
Kakao Pay is a funded company, having raised a total of $331.97M across 2 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Kakao Pay is 1,200.
Annual revenue of Kakao Pay is $506.81M as on Dec 31, 2024.
Kakao Pay was founded in 2012 and is headquartered in Seongnam-si, South Korea, within the fintech sector. Digital wallet functionalities are provided for various consumer needs, encompassing online and offline purchases, money transfers, bill payments, and mobile recharges. A dashboard is included for transaction tracking and expense oversight, supporting users in managing financial activities across the region.
Kakao Pay offers Kakao Pay App and Kakao Pay Securities.
Yes, Kakao Pay is publicly traded on KRX under the ticker symbol 377300.
Kakao Pay has made 3 acquisitions, including Baro Investment & Securities, INBYU, and MOVILL.
Kakao Pay has 1 investor. Key investors include Ant Group.
The ticker symbol of Kakao Pay is 377300 on KRX.