About Next Payments
Next Payments is a company based in Yeongcheon-si (South Korea) founded in 2019. Next Payments has raised $3.11 million across 1 funding round from investors including Nvester, Korea Alternative Investment and Maeil Business Newspaper. Next Payments operates in a competitive market with competitors including Flutterwave, PayU, Bango, ACI Worldwide and Toss, among others.
- Headquarter Yeongcheon-si, South Korea
- SectorsFinancial Services
- Website nextpayments.co.kr
- Total Equity Funding$3.11M (USD)
in 1 rounds
- Latest Funding Round$3.11M (USD), Series A
May 2024
- InvestorsNvester
& 3 more
Funding Insights of Next Payments
Next Payments has successfully raised a total of $3.11M through 1 strategic funding round. The most recent funding activity was a Series A round of $3.11 million completed in May 2024. 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 $3.11M
- Total Rounds 1
- Last Round Series A — $3.11M
- First Round $3.11M
(May 2024)
- Investors Count 4
All 1 funding rounds of Next Payments 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 |
|---|---|---|---|---|---|
| May 2024 | $3.11M | Series A | – | Nvester |
4 investors in total: 4 institutional.
Investors in Next Payments
Next Payments has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Nvester, Korea Alternative Investment and Maeil Business Newspaper.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | npinvestment.co.kr | - | |
Delivers comprehensive financial services tailored for the investment industry. | 2015 | nvestor.co.kr | Seoul, South Korea | |
Manages long and short equity hedge funds for investors. | 2015 | thekaic.com | Seoul, South Korea | |
A leading South Korean business newspaper is published daily. | 1966 | mk.co.kr | Seoul, South Korea |
Investor details for Next Payments
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Next Payments
2 dated milestones of Next Payments across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Next Payments is founded.
- Funding First funding round of $3.1M.
Competitors of Next Payments
Next Payments 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 Flutterwave, PayU, Bango, ACI Worldwide and Toss, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $319.41M | – | Provider of payment processing solutions for businesses | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| bango.com | 1999 | Cambridge, United Kingdom | – | 274 | Marketing solutions for e-commerce businesses are provided by Bango. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| toss.im | 2011 | Seoul, South Korea | $1.25B | – | App-based platform for banking, investment, and insurance services is provided. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| codapayments.com | 2011 | Singapore | $695.2M | – | Provides payment processing, customizable stores, and marketplace for digital goods. | |
| equiniti.com | 2002 | Lancing, United Kingdom | – | – | Financial technology and payment processing solutions are provided by Equiniti. |
Detailed competitors of Next Payments
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 Next Payments
The website of Next Payments (nextpayments.co.kr) receives about 6.9K visits a month.
- Monthly visits6.9K
▲ 66.9% vs previous month
Latest news on Next Payments
Complete news archive for Next Payments
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 Next Payments
10 companies that operate in the same segment as Next Payments (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 Next Payments
Next Payments was founded in 2019 and raised its 1st funding round 5 years after it was founded.
Next Payments is headquartered in Yeongcheon-si, South Korea. It is registered at Yeongcheon-si, North Gyeongsang Province, South Korea.
Next Payments is a funded company, having raised a total of $3.11M across 1 funding round to date. The company's 1st funding round was a Series A of $3.11M, raised on May 2024.
Next Payments was founded in 2019 and operates in the fintech sector, focusing on payment solutions. A cloud-based platform is provided alongside POS terminals and bill payment kiosks for business use. Services support transaction processing and retail operations, primarily in South Korea as indicated by the domain. Expansion details remain unspecified.
Next Payments's top competitors include PayU, Flutterwave and Bango.
Next Payments has 4 investors. Key investors include Nvester, Korea Alternative Investment, Maeil Business Newspaper, and New Paradigm Investment.