About Qara
Qara is a company based in Seoul (South Korea) founded in 2014 by Changhwan Byun. Qara has raised $3 million across 1 funding round from investors including Naver, Kingsley Asset Management and NXC. Qara operates in a competitive market with competitors including Betterment, Stash, Nutmeg, Wealthsimple and Wealthfront, among others.
- Total Equity Funding$3M (USD)
in 1 rounds
- Latest Funding Round$3M (USD), Series A
Nov 2020
- InvestorsNaver
& 2 more
Funding Insights of Qara
Qara has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Series A round of $3 million completed in November 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 $3M
- Total Rounds 1
- Last Round Series A — $3M
- First Round $3M
(Nov 2020)
- Investors Count 3
All 1 funding rounds of Qara 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 |
|---|---|---|---|---|---|
| Nov 2020 | $3M | Series A | – | Naver, Kingsley Asset Management | – |
3 investors in total: 3 institutional.
Investors in Qara
Qara has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Naver, Kingsley Asset Management and NXC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in tech sectors | – | nxc.com | Jeju-si, South Korea | |
Keyword-based searches are enabled for information, news, and services. | 1999 | naver.com | Seongnam-si, South Korea | |
Manages diversified investment portfolios across multiple asset classes. | 2016 | kingsleykorea.com | Seoul, South Korea |
Investor details for Qara
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
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People of Qara
1 people are tracked at Qara (1 in leadership).
| Name | Role | Group |
|---|---|---|
Changhwan Byun | Co-Founder & CEO | Leadership |
Complete people profiles for Qara
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Timeline of Qara
2 dated milestones of Qara across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Qara is founded.
- Funding First funding round of $3.0M.
Competitors of Qara
Qara 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 Betterment, Stash, Nutmeg, Wealthsimple and Wealthfront, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| betterment.com | 2010 | New York, United States | $335M | 399 | App-based automated investment and retirement planning platform | |
| stash.com | 2015 | New York, United States | $920.99M | – | Automated investment and robo-advisory services are offered to individuals. | |
| nutmeg.com | 2011 | London, United Kingdom | $180.39M | 163 | Digital wealth management services are provided for investors. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| wealthfront.com | 2008 | Palo Alto, United States | $204.67M | 200 | Robo-advisory and financial planning services are provided for investments. | |
| endowus.com | 2017 | Singapore | $171.08M | – | Goal-based investment platform | |
| kristal.ai | 2016 | Singapore | $19.1M | 42 | AI-based asset management is offered for individual investors. | |
| fintual.cl | 2017 | Providencia, Chile | $54.2M | – | Automated investments are facilitated via a robo-advisor platform. | |
| magnetis.com.br | 2012 | Sao Paulo, Brazil | $16.9M | – | Automated investment portfolios are recommended and managed online. |
Detailed competitors of Qara
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.
Similar companies to Qara
10 companies that operate in the same segment as Qara (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about Qara
Qara was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Qara is headquartered in Seoul, South Korea.
Changhwan Byun is the current CEO of Qara. They have also founded this company.
Qara is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Series A of $3M, raised on Nov 2020.
Qara was founded in 2014 in Seoul, South Korea, within the fintech sector focused on wealth management. An AI-driven robo advisory platform is operated to analyze customer investment profiles and recommend customized portfolios through tools like Robo-Rider. Deep learning algorithms are utilized in Market Dreamer for market analysis, KOSHO for financial forecasting, and WhatisFund as a keyword-based search engine for stocks and events. Operations center on automated advisory services.
Qara's top competitors include Betterment, Wealthsimple and Endowus.
Qara has 3 investors. Key investors include Naver, Kingsley Asset Management, and NXC.