About Kbank
Kbank is a company based in Seoul (South Korea) founded in 2016.. Kbank has raised $86.7 million across 1 funding round from investors including KT, NH Investment & Securities and Woori Bank. Kbank operates in a competitive market with competitors including S&P Global, Bank of America, Scotiabank, FIS and KB Kookmin Bank, among others.
- Headquarter Seoul, South Korea
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$78.76 (USD)25as on Mar 31, 2023
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Net Profit
$7.95 (USD)-58as on Mar 31, 2023
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EBITDA
$8.74 (USD)-58as on Mar 31, 2023
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Total Equity Funding
$86.7 M (USD)
in 1 rounds
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Latest Funding Round
$86.7 M (USD), Series C
Nov 09, 2018
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Investors
KT
& 4 more
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Employee Count
Employee Count
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Manager Team
2 people
Head Team
1 people
CIO Team
1 people
Leadership Team
1 people
Sales and Marketing
1 people
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Funding Insights of Kbank
Kbank has successfully raised a total of $86.7M through 1 strategic funding round. The most recent funding activity was a Series C round of $86.7 million completed in November 2018. 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 1
- Last Round Series C — $86.7M
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First Round
First Round
(09 Nov 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Series C - Kbank | Valuation | IMM Private Equity |
KT
,
Woori Bank
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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 Kbank
Kbank has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include KT, NH Investment & Securities and Woori Bank. 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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Private fund focused on debt and equity investments in medium and large-sized businesses
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Founded Year | Domain | Location | |
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IMM Investment is recognized as a leading multi-asset alternative investment firm in Asia.
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Founded Year | Domain | Location | |
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Provider of voice, data, and internet services
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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 Kbank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Kbank
| 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 |
Kbank Comparisons
Competitors of Kbank
Kbank 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 S&P Global, Bank of America, Scotiabank, FIS and KB Kookmin Bank, 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 |
Platform offering business intelligence solutions that combine data and actionable analytics for clients
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| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Software suites for banks and financial institutions are provided.
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| domain | founded_year | HQ Location |
Multiple sectors are invested in via fund of funds approach.
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| domain | founded_year | HQ Location |
Commercial banking services are provided in South Korea.
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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 Kbank
Frequently Asked Questions about Kbank
When was Kbank founded?
Kbank was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Kbank located?
Kbank is headquartered in Seoul, South Korea.
Is Kbank a funded company?
Kbank is a funded company, having raised a total of $86.7M across 1 funding round to date. The company's 1st funding round was a Series C of $86.7M, raised on Nov 09, 2018.
What is the annual revenue of Kbank?
Annual revenue of Kbank is $78.76 as on Mar 31, 2023.
What does Kbank do?
Kbank was founded in 2016 in Seoul, South Korea, and operates as an internet-first bank focused on individual customers. Accounts are opened online using social security numbers or drivers licenses. A big data-based credit rating system is employed to set personalized interest rates for loans. Additional services encompass credit loans, check cards, and insurance comparison tools.
Who are the top competitors of Kbank?
Kbank's top competitors include S&P Global, Scotiabank and KB Kookmin Bank.
Who are Kbank's investors?
Kbank has 5 investors. Key investors include KT, NH Investment & Securities, Woori Bank, IMM Holdings, and IMM Investment.
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