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.
- Website
- www.flitto.com/portal/en
Key Metrics
Founded Year
2012
Location
Seoul, South Korea
Stage
Public
Total Funding
$12.8M in 4 rounds
Latest Funding Round
Investors
Ranked
2nd among 57 active competitors
Employee Count
512 as on Sep 30, 2026
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:
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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 |
View details of Flitto's funding rounds and investors
Flitto's founders and board of directors
Founder? Claim ProfileHere are the details of Flitto's key team members:
- Dan Kang: Co-Founder of Flitto. They are also an angel investor in 1 startup.Contact Info: 1 email address
- Simon Lee: Co-Founder & CEO of Flitto. Contact Info: 1 email address
- Jin Kim: Co-Founder of Flitto. Contact Info: 1 email address
View details of Flitto's Founder profiles and Board Members
Flitto's employee count trend
Flitto has 512 employees as of Sep 26. Here is Flitto's employee count trend over the years:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Rev 2010, San Francisco (United States), Series A | Provider of transcription and captioning services using AI and human experts | $4.9M | 75/100 | |
2nd | Flitto 2012, Seoul (South Korea), Public | Provider of a crowdsourced translation platform for enterprises and individuals | $12.8M | 62/100 | |
3rd | Provider of human translation services using proprietary tools | $24.4M | 58/100 | ||
4th | TranscribeMe 2011, San Francisco (United States), Series A | Audio search & transcription platform | $9.6M | 56/100 | |
5th | Provider of AI backed translation services for industries | $34M | 51/100 | ||
6th | Acclaro 2002, Irvington (United States), Unfunded | Provider of human-enabled translation and localization services | - | - | 51/100 |
7th | TextMaster 2011, Paris (France), Acquired | Provider of on-demand translation, copywriting, and proofreading services | $8.45M | 49/100 | |
8th | Wolfestone 2006, Swansea (United Kingdom), Unfunded | Language service provider leveraging both in-house translator and freelancers | - | - | 49/100 |
9th | Mars Translation 2012, Shenzhen (China), Unfunded | Language localization provider using crowd-sourced translators | - | - | 49/100 |
10th | Provider of professional translation and localization services to enterprises | - | - | 49/100 |
Looking for more details on Flitto's competitors? Click here to see the top ones
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
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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Korean AI Language Data Company Flitto Reports First Quarter 2026 FinancialsSlator•May 29, 2026•Flitto
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Flitto Ramps up Its Expansion in US East Coast Through AIIA programBusiness Wire•Dec 11, 2025•Flitto
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Plito, Saudi Arabia's partnership with local companies, promoting localization of AI solutionsKorea Newswire•Jun 05, 2024•Flitto
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Flitto Wins 'International Startup Award' at Africa's Largest ICT ...Businesskorea•Jun 04, 2024•Flitto
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Flitto Signs MOU with Upstage for AI Language Data Building EndeavorBusinesskorea•May 09, 2024•Flitto, Upstage
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Plateo launches 'Live Translation', a translation service for real -time multilingual conferencePlatum•Jan 24, 2024•Flitto
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Flitto provides ‘real-time interactive multilingual translation service’ in SeoulVenture Square•Nov 15, 2023•Flitto, Seoul
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Flitto advances its Arabic language data scaling initiative with new “Flitto Arcade” event following feature updatesmultilingual.com•Oct 04, 2023•Flitto
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Flitto provides digital menu translation to Shinsegae Department StoreVenture Square•Aug 30, 2023•Flitto, Shinsegae
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