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
*********
- 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. 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 handling payments, loans, and investments securely
Platform for stock trading and financial investment services
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $132.0M
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First Round
First Round
(21 Feb 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series D - Kakao Pay | Valuation |
investors |
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| Feb, 2017 | Amount | Series C - Kakao Pay | Valuation | Ant Group |
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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 |
Investors in Kakao Pay
Kakao Pay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Ant Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Payment processing solution for consumers, small and micro businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| 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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2016 | ||||
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Investment banking and brokerage services are provided in South Korea.
|
2008 | ||||
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Manufacturer of machine parts and vehicle parts also provide repair and maintenance services
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1982 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kakao Pay
| 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 |
Kakao Pay Comparisons
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. 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 |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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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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Latest news on Kakao Pay
Frequently Asked Questions about Kakao Pay
When was Kakao Pay founded?
Kakao Pay was founded in 2012 and raised its 1st funding round 5 years after it was founded.
Where is Kakao Pay located?
Kakao Pay is headquartered in Seongnam-si, South Korea. It is registered at Seongnam-si, Gyeonggi-do, South Korea.
Who is the current CEO of Kakao Pay?
Wonkeun S is the current CEO of Kakao Pay.
Is Kakao Pay a funded company?
Kakao Pay is a funded company, having raised a total of $331.97M across 2 funding rounds to date. The company's 1st funding round was a Series C of $200M, raised on Feb 21, 2017.
How many employees does Kakao Pay have?
As of Dec 31, 2024, the latest employee count at Kakao Pay is 1,200.
What is the annual revenue of Kakao Pay?
Annual revenue of Kakao Pay is $506.81M as on Dec 31, 2024.
What does Kakao Pay do?
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.
Who are the top competitors of Kakao Pay?
What products or services does Kakao Pay offer?
Kakao Pay offers Kakao Pay App and Kakao Pay Securities.
Is Kakao Pay publicly traded?
Yes, Kakao Pay is publicly traded on KRX under the ticker symbol 377300.
How many acquisitions has Kakao Pay made?
Kakao Pay has made 3 acquisitions, including Baro Investment & Securities, INBYU, and MOVILL.
Who are Kakao Pay's investors?
Kakao Pay has 1 investor. Key investors include Ant Group.
What is Kakao Pay's ticker symbol?
The ticker symbol of Kakao Pay is 377300 on KRX.