Tech Company Financing Transactions
Kakao Pay Funding Round
Kakao Pay, based in Jeju-do, raised $200 million from Ant Financial.
Transaction Overview
Company Name
Announced On
2/22/2017
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Ant Financial, which manages payments service Alipay and Alibaba's digital banking business, will invest the capital into Kakao Pay, a soon-to-launch Kakao fintech division.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
242 Cheomdan-ro Jeju-si
Jeju-do, 63309
South Korea
Jeju-do, 63309
South Korea
Phone
Website
Email Address
Not Recorded
Overview
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.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Beom-Su Kim
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Where The Data Comes From
We record every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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