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.
- Headquarter Seoul, South Korea
- Founders Changhwan Byun
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Sectors
Technology
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3 M (USD)
in 1 rounds
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Latest Funding Round
$3 M (USD), Series A
Nov 24, 2020
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Investors
Naver
& 2 more
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Employee Count
Not available
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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.
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 |
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Venture capital firm investing in tech sectors
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Keyword-based searches are enabled for information, news, and services.
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Manages diversified investment portfolios across multiple asset classes.
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Investor details for Qara
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Investments & Acquisitions by Qara
Investment portfolio details for Qara
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Financial Statements - Qara
Detailed financials for Qara
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Qara Comparisons
Peer comparison for Qara
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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 year | HQ Location | Description |
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App-based automated investment and retirement planning platform
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Automated investment and robo-advisory services are offered to individuals.
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Digital wealth management services are provided for investors.
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Online robo advisory and stock trading services are provided.
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Robo-advisory and financial planning services are provided for investments.
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Goal-based investment platform
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Detailed competitors of Qara
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Latest news on Qara
Complete news archive for Qara
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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.
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.