This article showcases our top picks for the best South Korea based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top South Korea Fintech (Financial Technology) Companies
Toss is a South Korea-based mobile financial service platform operated by fintech start-up Viva Republica Co Ltd. Since its launching in February of 2015, Toss garnered over 13 million app downloads and processed over USD$10 billion in P2P payments.
Adding to its success in P2P payments, Viva Republica Co Ltd. has launched over 10 financials services to become a consumer mobile financial services platform.
Toss partners with incumbent financial institutions and other fintech players to provide users with services that cover all facets of their financial lives, including payments, loans, investments, credit score management, spending analysis, and insurance products.. .
Kakao Pay is the financial technology division of Kakao. It allows over-counter payments, peer-to-peer transactions, bill payment, web banking and more, and it will move to offer financial services such as loans and financing.
Kakao Pay is a platform that aims for a new financial effortless that is completely different from the existing and difficult and cumbersome finance beyond just cashless and wallet less life without cash or wallet.. .
DAYLI Financial Group
DAYLI Financial Group(DFG) is a leading Fintech company in Asia. The company provides data tech solutions, digital wealth management, and lead-generation services mainly through its three core divisions – DAYLI Intelligence(DI), Quarterback, and DAYLI Marketplace(DMP).
DFG also has strategic investments that create synergies with the core businesses. Founded in February 2015, the company is headquartered in Seoul with offices in Tokyo..
rainist / 레이니스트
Rainist is a Korean software company which provides a recommendation for financial products based on one’s life patterns. Its service is BankSalad, a credit card recommendation service by one’s spending patterns.
Rainist was established in June 2012 in Seoul, Korea.. .
Coinplug is a Korea based Bitcoin startup founded in June of 2013. Coinplug provides a Bitcoin exchange & wallet service, okBitcard(bitcoin prepaid card), 2-way ATM and payment processor targeting Korea and other Asia market.
Consumers and merchants can use the company’s services to accept virtual currency Bitcoin. .
AIZEN is redesigning Digital Banking with CreditConnect, powered by our proprietary ABACUS AutoML platform specialized in the financial services industry. CreditConnect is an AI lending platform designed to bridge the gap between banks and data economy platforms, and automate key decision-making processes in accordance with the credit cycle.
The company has secured Series B round funding from a state-led fintech innovation fund (K-Growth) led by major Korean banks to roll out CreditConnect in Southeast Asia. We are also leading the digital transformation in the financial services industry using proprietary AutoML platform ABACUS, with successful use cases in underwriting, fraud detection, product development, claim analysis, and more..
MOIN is a FinTech startup to solve problems of the current global remittance market. MOIN has developed a money transfer solution based on Blockchain technology.
Without going through SWIFT network or intermediary banks, MOIN directly connects senders and receivers to make the wire process simpler, safer, faster, and more convenient with most affordable rates. The company was founded on March 21, 2016, and it is headquartered in Seoul, South Korea..
Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design.
Klaytn is secured by participation from numerous highly-reputable brands around the globe, working together to create a reliable business platform atop a robust system of decentralized trust. Klaytn enables businesses and entrepreneurs today to capture value using blockchain technology.
Klaytn is the future, designed by Ground X.. .
Founded by one of Korea’s most celebrated and global awards-winning white hacker Kevin Cha, Coinone is one of the leading cryptocurrency exchanges in Korea. Under the vision to ‘Bring Blockchain into the World,’ Coinone aspires to lead the new world of finance through blockchain technology.
Coinone currently operates the third largest exchange in Korea (Coinone Exchange) and is scheduled to launch our blockchain-based overseas remittance and payment service, Cross. In 2018, we introduced Coinone Indonesia, our first overseas exchange.
Coinone prioritizes the protection of clients’ assets and is dedicated to providing the most secure investing environment. Our outstanding UI/UX offers a swift and safe way of trading, while Prochart provides an easy, advanced method of analyzing market data.
Our security protocols implement verified measures that matches those of traditional stock trading systems. Coinone has its own Listing Evaluation Committee which is managed directly by the CEO, and conducts audits with four categories through designated experts in each field.
Coinone was the first in Korea to list Ethereum and IOTA. Coinone was also the first exchange to establish the Research Center, publishing in-depth cryptocurrency analysis reports to provide transparency and stability for the market.
With such a strong record for setting standards, Coinone is ceaselessly pioneering the industry. Based on strong competence in the exchange industry, Coinone aims to lead the new world of finance through blockchain technology..
HonestFund is a financial technology company operating an alternative investing platform in South Korea. HonestFund provides individuals and institutional investors access to alternative investment opportunities across a wide range of asset classes, such as residential/commercial real estates, infrastructure financing and unsecured personal loans.
Due to its unique capability of providing a fully transparent and frictionless process for both investors and private issuers, HonestFund raised funds from leading financial institutions, including Shinhan Bank, Hanwha Investment, KB Investment, Shinhan Capital and Daily Financial Group.. .
Albam : A mobile based HR Solution that is available for both Managers(Admins) and Staffs in App both IOS & Android. The average HR manager spends 45 minutes a day to calculate time attendance & payroll.
With Albam, time is reduced by 70% to only 15 minutes. Albam help enterprises in simplifying and automating their time attendance system to payroll solution.
Our easy to use and simple Cloud based Human Resource solution helps companies in reducing the high costs that are often associated in the investment of Time Attendance system which includes the purchase of expensive fingerprint machines and training of IT Personnels. With Albam, employees can clock in and clock out directly right away from their smartphone, clock in and clock out has never been this easier with Albam..
Uberple provides financial research platform for investors. It develops a platform combining a search engine with a computational engine with financial big-data.
This platform enables investors to find the right data based on the topic they want to analyze, and to build an investment hypothesis and test it without complex calculation process. Uberple enables users to search a large database of documents such as news, corporate disclosures, sell-side research reports, IR reports, and market reports from a local and/or global markets for over 30 years.
In particular, clustering algorithm allows users to classify and sort similar documents and summarize them in a few sentences so that they can find the information promptly. With massive sets of historical data, Uberple also shows how a wide variety of events in the real world can affect financial markets.
The company was established on 2013 and is headquartered in Seoul, South Korea.. .
Lendit is the leading personal loan oriented marketplace lending company in Korea that operates fully online and manages a marketplace platform where investors can provide capital to people seeking loans. Through our advanced risk ranking algorithm and cost- effective operational process, borrowers can access to an appealing interest rate and investors can enjoy ‘high and stable’ yield.
We offer borrowers an APR between 4.5% and 18.0%, and investors an average return of 10.66%. By transforming the traditional banking system, we aim to help both borrowers and investors to achieve financial goals..
PeopleFund is Korea’s leading tech-based financial platform that is opening doors to financial freedom through affordable loans and attractive alternative investment products. It is the fastest growing marketplace lender in Korea and uniquely positioned as the first and only Korean marketplace lending platform to fully integrate with a top-tier commercial bank to process personal and business loans that are government approved.
PeopleFund is also the first fintech platform to offer investment products directly on KakaoTalk, Korea’s most popular messaging app, which has allowed the company to grow and scale up its business. PeopleFund was founded in 2015 and is headquartered in Seoul, Korea..
AIM (Automated Investment Management)
AIM is an online platform that allows its users to make trades and investments via smartphone. Its platform specializes on personal finance, portfolio management, asset allocation, and mobile investment application.
The company was founded in 2016 and headquartered in Seoul, South Korea.. .
TESSA is an alternative investment platform for the purchase, sale and trade of fractionalized ownership interests in investment-grade blue-chip artwork (such as Warhol, Picasso, Kusama, Basquiat, etc.) with the accessibility and liquidity of public markets. The platform enables white-listed “micro-collectors” to co-own fractional ownership interests in curated blue-chip artwork represented in digital form on a public blockchain.
TESSA manages all maintenance and administrative services relating to the artwork which is publicly promoted and displayed to enhance its value and broaden its exposure to the art-viewing public.. .
In recent years, information technology has taken the financial industries by storm. In 2015, the world’s largest investment bank, Goldman Sachs, has declared itself an IT company rather than a financial company.
As times are rapidly changing, information and communication technologies are gaining traction. And soon, they will lead financial companies and gain new momentum as the alternative solutions to investment banking.
QARA is a financial -technology company that provides online asset management service through the AI (artificial intelligence) deep learning technology. Based on the financial AI technology “Market Dreamer,” QARA provides service to both domestic and overseas B2B and B2C market since 2014..
Quantec was founded in 2016 with the goal of ‘making easy and convenient asset management a daily possibility for everyone’. Through Quantec’s own technology called ‘Q-Engine’, users can analyze their actual assets and receive recommendation of variety of products suitable for their investment environment, or they can modify their own assets to construct a customized asset management portfolio.
Based on ‘Q-Engine’, we are planning to launch ‘IRA’ and ‘Q-OSK’ solutions that can be utilized by financial companies as well as asset management platforms ‘MONEYPOT’ for general customers. In recognition of ‘Q-Engine’, Quantec has led to the selection of the fourth ‘Shinhan Future’s Lab’ by Shinhan Financial Group, the fourth ‘Dreamplus’ by Hanhwa Life Insurance, and has attracted a Series A investments of KRW 3,000 million from Industrial Bank of Korea, Wonik Investment Partners, AG Investment, and Shinhan Capital.
Via QUANTEC’s asset management platform MONEYPOT and our untact asset management solution Q-OSK, among other solutions, you will be able to meet your own private banker at any time, from anywhere.. .
Keypair, We world first provide NFC enabled Card type HSM (Hardware Security Modules) and OTP (One Time Password) authentication service thru Smartphone for financial transactions. Currently, 75% of all banks in Korea has chosen us to provide the authentication service.
More than 10 million users are expected by 2017 in Korea thanks to our service is rectified by Korean government as standard. Product/Service at a Glance Using generic combi IC Card, it supports both OTP and HSM service with ease and convenience.
Simply tagging your phone via NFC, the IC card generates PKI instantly and communicate with your financial institution very safely. This is true Hacking free solution for eCommerce and eGovernment in various usages applicable.
www.keypair.co.rk Contact: Kevin Lee [email protected] +82-10-9222-7522 Team JY Lee, Key Architecture and programmer. Worked as various companies for IC card development.
Ph.D from Electrical Engineering from Korea University. Kevin Lee, Marketer and Sales for IT products.
Prior to join, worked at Samsung, Lucent. Obtained MBA degree from Korea University.
Fount Inc. Is an asset management Robo-Advisor startup founded in 2015.
Their investing algorithm based on BigData Technology helps you plan for every event of your life. fount team believes in passive investing, which takes the right level of risk for your goal’s time horizon, and allows their advanced computer algorithms do all the work..
TBT is an Adventure Capital. We are more than your average VC investor; we are always up for an adventure.
Investment means more than just transfer of capital for us. We want to be a discussion partner that discovers possibilities beyond risk and aligns growth with progress.
We want to share decades of industry knowledge and experience in internet and mobile services to build services and products that can make the world a better place.. .
Volta is a digital asset management platform developed by BC Labs in 2018. Volta allows investors to directly purchase trading strategies from trading experts and to connect investment seekers to experts wanting to commercialize their investment capabilities.
Our expertise is in digital asset exchange and trading solutions, blockchain development, and fintech solutions. Youtube Channel (https://bit.ly/3l2Wan9).
Qraft Technologies aims to maximize productivity and marketability with artificial intelligence for businesses that understand the importance of data. We started with AI-based financial solutions for investment professionals and help them to find optimal trading strategies in a given situation.
Our technologies can be customized and delivered in the areas including investments, autonomous driving, insurance underwriting, purchasing management and so forth.. .
Bomapp Inc., the most funded South Korean Insurtech is the developer and operator of Bomapp app, an integrated mobile insurance manager. The company aims to provide new value and experience of insurance via simple and easy to use insurance service powered by IT and data.
Bomapp’s iconic service, “Bomapp Coverage Fitting” empowers insurance consumers by providing better information through personalized coverage report in a simple and easy manner. The app also offers helpful features including “Current Policy Lookup”, “Easy Claim”, “Insurance Gift”, and “Complimentary Public Insurance Lookup”, to make insurance more engaging to a broader audience.
As of July 2020, Bomapp app marked 2.2M downloads with 1.7M signed-up users. Along with its B2C line of business, Bomapp is also innovating B2B and B2B2C insurance territory by catering to emerging insurance needs of SMEs and platform service providers.
The company plans to further enhance its digital insurance experience to make everything—from comparing to applying—truly digital via personalized coverage with more reasonable premium.. .
SSenStone, founded in November 2015, has started from password-less user authentication to prevent privacy information leakage and provide safe and convenient user login process. The integrated authentication platform, called ‘StonePASS’, has been certified by FIDO (Fast Identity Online).
Now, we expand our inventive idea to the card industry and launch VOTC, which will completely change the card transaction landscape for secured payments.. .
N-Cash is a tech firm that powers micro-transactions and virtual economies. N-Cash, which prior to being acquired by [Live Gamer](/organization/live-gamer) by was backed by Samsung Venture Investment Corp., JEI Co., Samsung Capital, and AP Venture, has integrated with more than 100 titles, aggregated over 200 payment service providers and become a leader in online game micro-transaction billing.
The company was founded in 2000 and based in Seoul, South Korea.. .
8percent is Korea’s leading online financial service. The 8 percent platform allows many small investors to It is a way to make a loan and the borrower repays it to investors every month.
With 8% of online evaluation systems and platform technologies, You can provide high-yielding financial products.. .
The CrePASS is a peer-to-peer financial integration platform to provide more opportunities for more people. Our mission is to provide people with low or non-existent credit ratings the opportunity to receive financial benefits through a fair assessment within the institutinal financing.
We analyze and evaluate personal tendencies by using the alternavtive credit scoring based on big data and digital behavior compared to previous financial transaction history or customer owned assets evauation to achieve our mission.. .
Wavebridge is developing solutions with the goal of providing an integrated AI platform for domestic financial institutions. Services provided include financial data analysis module, financial product valuation module, risk analysis module and AI transaction solutions.
Wavebridge is creating an excellent institutional network based on core competencies such as an experienced workforce suitable for building digital finance and certified technological strength by providing global solutions. Vision: “AI Automatic Trading, Integrated Asset Management Platform”.
● Solidware builds accurate predictive models for clients’ business, through innovative methods constructed from Machine Learning Technology. Predictive models of Solidware allow clients to make optimal business decisions that will lead to substantial profits.
● Vision of Solidware is to provide our state-of-the-art AI technology to create tangible values. Unlike most big data solutions, Solidware’s machine learning solution is designed to deliver substantial and practical economic gain.
Renowned Machine Learning experts have joined to achieve this ambitious goal.. .
Smart sound sends data over sound that cannot be heard by humans, enabling connection among devices without additional hardware. Mobidoo is leading Fintech industry with its own technology ‘Smart sound’.
‘Smart Sound’ is applied to payment, IoT, and marketing solutions, and has been customized to Lotte L.pay and commercialized for more than 20,000 merchants of Lotte Department Store, Lotte Mart and 7 Eleven Korea, etc. as the world’s first case.
Currently, mobidoo is launching pre-paid P2P payment platform for merchants and users. Mobidoo is targeting fintech and global market using ‘Smart Sound’ technology..
Smallticket is a financial services company that provides a software platform that specializes in insurance products and services. Its platform allows its clients to make their insurance purchase journey based on artificial intelligence.
Smallticket features natural language processing, AI chatbots, and cross-platform services. The company was founded in 2016 and headquartered in Seoul, South Korea..
M-Venture Investment Inc. is a venture capital firm specializing in investments in small and medium companies in startup stage.
The firm seeks investments in information and technology, high-tech materials, energy and ship-building, cultural contents focusing on the performing arts, video and audio materials and games, manufacturing, electronic components, telecommunications equipment, electricity, machinery, food and beverage, distribution, metal and non-metal, entertainment, and information communication sectors. It considers investments in South Korea with a focus in Gwang-ju, Taiwan, and China.
The firm also provides financial accounting, operation and management, technical support, initial public offering, strategy assessment, and overall consulting services. M-Venture Investment Inc.
was founded in 1999 and is based in Seoul, South Korea.. .
Coinluck is the maker of UTooMe, an on-demand credit marketplace on which users build credit line networks and transact on borrowers’ demand. It offers a P2P-based payment solution and an instant loan service, both powered by such credit lines.
Via constructing an on-demand marketplace for social credit and storing all the transaction using block chain protocol, Coinluck brings a new paradigm of personal financial management that is efficient, secure and fair.. .
GLOSFER is a leading blockchain technology and services company in South Korea. Building on its roots as a first-generation blockchain company, GLOSFER strives to expand its activities into various industries to bolster its reach in both domestic and international markets, by leveraging innovative technologies and services, including its PHP API blockchain platform PACKUTH and its online and offline cryptocurrency trading platforms.
With its upcoming Infinity Project, powered by its HYCON coin, the company seeks to establish and facilitate its cryptocurrency ecosystem while contributing to a more transparent and fair society based on blockchain technology through cooperation with public institutions.. .
HankookNFC is a leading company in financial technology that provides proprietary NFC applied payment transaction technology and a mobile payment platform. Since the beginning of 2014, it has focused exclusively on payment and authentication with its patented NFC technologies.
Hankook NFC has been providing a unique payment service in Korea , named PayApp, that enables small/individual sellers to accept credit cards or mobile payments through their mobile. Currently, Hankook NFC is making its utmost efforts to expand its service worldwide.
SnappyWire, the global target branded service, is to be launched in the US market in September 2018. Hankook NFC will always do its best to create a new way of shopping and lead the cashless society.
If you have any question or request, please send us an e-mail ([email protected]). .
Kaist Venture Investment Holdings
Kaist Venture Investment Holdings is a startup company that invests in startups that solve social problems through innovative technologies. They invest in businesses that maximize synergy by pursuing both social and financial values at the same time.
It focuses on five sectors including health, environment, education, elimination of inequality, and social infrastructure. Kaist Venture Investment Holdings was founded on October 31, 2014, and is headquartered in Seoul, South Korea..
BLOCKCHAIN i mission is to offer their clients most profitable, disciplined professional cryptocurrency managers and their strategies. The Fund’s investors benefit from their access, diligence, and oversight.
Also their consultation services provide essential knowledge for shaping your blockchain strategy, and their training platforms build real-world technical ability into your team.. .
Newsystock is a Robo-Portfolio platform based on Quant providing simulation and analysis infra and algorithm market for retail investors to help users make better investment decisions. It offers a portfolio building environment based on Quant data to help users can make their strategy into algorithm.
It provides charts for long-term and short-term decision making, stock ranking, and powerful simulation engine and algorithm market for more seasoned investors in order to increase both institutional and individual investors’ value. Newsystock was founded by Hongjib Moon, Jayjay Im, and Ryan Kyungrok Moon in 2011..
DA:Ground is a FinTech startup that actualizes connected finance via blockchain and other new technologies. Sandbank, which is the newly presented digital asset banking service by DA:Ground is the first step to this innovation.
The Sandbank offers digital asset investment and loan services that are easily accessible to anyone beyond borders.. .
Moneyauction partnered with telecommunication carrier Korea Telecom and offers a mobile service allowing borrowers to apply for and lenders to bid on loans via their cell phone. In 3 months Moneyauction plans to launch a secondary market (called ‘Divided bond trading’).
A spokesman told P2P-Banking.com that he expects this new feature to boost the transaction volume.. .
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