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Flitto - About the company

Flitto is a public company based in Seoul (South Korea), founded in 2012 by Dan Kang, Simon Lee and Jin Kim. It operates as a Provider of a crowdsourced translation platform for enterprises and individuals. Flitto has raised $12.8M in funding from investors like DSC Investment, Stonebridge Capital and SBI Group. The company has 57 active competitors, including 9 funded and 11 that have exited. Its top competitors include companies like Rev, Gengo and TranscribeMe.

Company Details

Provider of a crowdsourced translation platform for enterprises and individuals. The platform allows users to seek translation of texts, voice, or image-based content through their mobile devices in over multiple languages. It also provides the translation of celebrity news feeds, web-based comics, e-commerce deals, and QR codes. The crowdsourced team of translators is ranked on Its platform by an internal algorithm that uses the speed, quantity, and quality of translations as parameters. Top translators are provided points that can be redeemed either as PayPal money or donated to a charity. Users deal with their respective translators on a one-to-one basis.
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Key Metrics
Founded Year
2012
Location
Seoul, South Korea
Stage
Public
Total Funding
$12.8M in 4 rounds
Latest Funding Round
Ranked
Employee Count
512 as on Sep 30, 2026
Similar Companies
Exit Details
Public

Flitto's IPO details

Flitto got listed on Jul 17, 2019.
Click here to take a look at Flitto's IPO in detail
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Flitto's funding and investors

Flitto has raised a total funding of $12.8M over 4 rounds. Its first funding round was on Sep 2012. Its latest funding round was a Series B round on Sep 19, 2017 for $*****. 1 investor participated in its latest round. Flitto has 14 institutional investors.

Here is the list of recent funding rounds of Flitto:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Sep 19, 2017
5809932
Series B
9772926
9712510
6814018
4688950
May 05, 2016
4042398
Series B
2271571
5045103
7772768
8394569
Feb 2014
2016149
Series A
9135911
1773703
3766137
3953615
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Flitto's founders and board of directors

Founder? Claim Profile
The founders of Flitto are Dan Kang, Simon Lee and Jin Kim.
Here are the details of Flitto's key team members:

Flitto's employee count trend

Flitto has 512 employees as of Sep 26. Here is Flitto's employee count trend over the years:
Employee count trend for Flitto
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Flitto's Competitors and alternates

Top competitors of Flitto include Rev, Gengo and TranscribeMe. Here is the list of Top 10 competitors of Flitto, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Rev
Rev
2010, San Francisco (United States), Series A
Provider of transcription and captioning services using AI and human experts
$4.9M
75/100
2nd
Logo for Flitto
Flitto
2012, Seoul (South Korea), Public
Provider of a crowdsourced translation platform for enterprises and individuals
$12.8M
62/100
3rd
Logo for Gengo
Gengo
2008, Shibuya (Japan), Acquired
Provider of human translation services using proprietary tools
$24.4M
58/100
4th
Logo for TranscribeMe
TranscribeMe
2011, San Francisco (United States), Series A
Audio search & transcription platform
$9.6M
56/100
5th
Logo for lengoo
lengoo
2012, Berlin (Germany), Series B
Provider of AI backed translation services for industries
$34M
51/100
6th
Logo for Acclaro
Acclaro
2002, Irvington (United States), Unfunded
Provider of human-enabled translation and localization services
-
-
51/100
7th
Logo for TextMaster
TextMaster
2011, Paris (France), Acquired
Provider of on-demand translation, copywriting, and proofreading services
$8.45M
49/100
8th
Logo for Wolfestone
Wolfestone
2006, Swansea (United Kingdom), Unfunded
Language service provider leveraging both in-house translator and freelancers
-
-
49/100
9th
Logo for Mars Translation
Mars Translation
2012, Shenzhen (China), Unfunded
Language localization provider using crowd-sourced translators
-
-
49/100
10th
Logo for Milengo
Milengo
1991, Berlin (Germany), Funding Raised
Provider of professional translation and localization services to enterprises
-
-
49/100
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Flitto's Investments and acquisitions

Flitto has made no investments or acquisitions yet.

Reports related to Flitto

Here is the latest report on Flitto's sector:

News related to Flitto

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Media has covered Flitto for a total of 2 events in the last 1 year, 1 of them has been about company updates.
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