How many total Digital Remittance companies are there in South Korea?

As of May 2026, South Korea has 27 active Digital Remittance companies.

How many Digital Remittance companies in South Korea are funded?

As of May 2026, 12 companies have received funding in this sector.

What is the total funding raised by Digital Remittance companies in South Korea?

Digital Remittance companies in South Korea have collectively raised $27.7M in funding till date.

Which is the highest funded Digital Remittance company in South Korea?

As of May 2026, SentBe has raised $24.1M in funding, highest among the funded Digital Remittance companies in South Korea.

List of 37 Digital Remittance Startups in South Korea & Market Trends (May 2026)

Q: Who are the top investors in Digital Remittance companies in South Korea?

The top investors in Digital Remittance companies in South Korea by number of investments are Plug and Play Tech Center and Bain Capital.

The Digital Remittance sector in South Korea comprises 37 companies, including 12 funded companies having collectively raised $27.7M in venture capital money and private equity. Out of these, 6 are Series A+ funded.

This sector includes companies providing cross-border money transfer solutions & services to consumers and enterprises.

Digital Remittance sector is also known as Digital Remittance Tech, Global Payments Tech or International Payments Tech.

Companies which provide platforms to send and receive money, recharge and pay bills across borders and B2B payments. It covers companies which enable cross border money transfer institutions (White label, Network). Also covers B2C Forex data platforms. Cross border payment gateways

Key Metrics

Total Companies

Top Companies

WireBarley, Moin & more

Total Funding

$27.7M

Funded Companies

Series A+ Companies

Series C+ Companies

Also known as

Digital Remittance Tech or Global Payments Tech

View complete details of this sector

There are 37 Digital Remittance startups in South Korea which include WireBarley, Moin, SentBe, Hanpass, Cross. Out of these, 12 startups are funded, with 6 having secured Series A+ funding.

Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Carnegie Mellon University, Harvard University and University of Pennsylvania.

1. WireBarley

Online platform for cross-border money transfer. It is a fintech company that provides a platform for cross-border payment transactions, enabling individuals and businesses to send and receive money globally. It provides a suite of solution for the user interface, mobile application and web systems. It also allows money transfer business to start businesses in their own countries providing infrastructure expenditure. It allows to plug into its platform and use the payment network.

Key facts about WireBarley

Founded Year: 2016
Location: Seoul (South Korea)
Stage: Series B
Total Funding till date: $16M
Investors: DT&Investment, Shinsegae and 7 Others
Latest Funding Round: Series B, Sep 17, 2020, $*****
Tracxn Score: 67/100 What is this?
Competitors Rank: 8 of 621 Competitors

2. Moin

Moin is a blockchain-based international money transfer service that allows users to send money at lower rates, and reduce the time for the solution. The company is in stealth mode as of September 2016.

Key facts about Moin

Founded Year: 2016
Location: Seoul (South Korea)
Stage: Series A
Total Funding till date: $2.42M
Investors: Honest Ventures, The Wells Investment and 6 Others
Latest Funding Round: Series A, Jan 02, 2018, $*****
Tracxn Score: 67/100 What is this?
Competitors Rank: 9 of 621 Competitors

View full list of companies in this sector

3. SentBe

Cross-border remittance solution. Users can receive money through banks, cash pick up, home delivery, etc. It offers a mobile app for iOS and Android platforms.

Key facts about SentBe

Founded Year: 2015
Location: Seoul (South Korea)
Stage: Series C
Total Funding till date: $24.1M
Investors: Stonebridge Capital, Hanwha and 15 Others
Latest Funding Round: Series C, Sep 13, 2022, $*****
Tracxn Score: 58/100 What is this?
Competitors Rank: 29 of 1,214 Competitors

4. Hanpass

Hanpass is an online remittance & currency exchange platform. Senders register on the platform and provide the recipient details. Available payout options are bank deposit, cash pick-up and home delivery. Also offers foreign currency exchange services. The app is available for iOS and Android platforms.

Key facts about Hanpass

Founded Year: 2017
Location: Seoul (South Korea)
Stage: Funding Raised
Investors: Korea Investment Holdings
Tracxn Score: 55/100 What is this?
Competitors Rank: 21 of 621 Competitors

5. Cross

Cross is an online remittance platform. The transfer limit is 6,000,000 KRW per day and 30,000,000 KRW per year. The platform charges a fee of 1% of the transaction. The app is available for iOS and Android platforms.

Key facts about Cross

Founded Year: 2017
Location: Seoul (South Korea)
Stage: Series A
Total Funding till date: $3.6M
Investors: KB Investment and Alpen Route
Latest Funding Round: Series A, Sep 01, 2025, $*****
Tracxn Score: 51/100 What is this?
Competitors Rank: 28 of 621 Competitors

Access the full list of 37 Digital Remittance Startups in South Korea

Companies founded year-on-year in the Digital Remittance sector in South Korea

8 Digital Remittance startups in South Korea were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.

Total Number of Companies

Year	No. of companies
2025	-
2024	-
2023	-
2022	1
2021	2
2020	1
2019	2
2018	3
2017	7
2016	8

Stage-wise distribution of Digital Remittance sector companies in South Korea

Out of the total 37 Digital Remittance companies in South Korea, 12 have secured funding. Among them, 6 have reached Series A or higher, and 3 to Series B or beyond.

Founded - 37

Funded - 12

Series A+ - 6

Series B+ - 3

Series C+ - 1

Company Stage	No. of companies
Founded	37
Funded	12
Series A+	6
Series B+	3
Series C+	1

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Total funding year-on-year in the Digital Remittance sector in South Korea

The Digital Remittance sector in South Korea saw a total funding of more than $27.7M in the last 10 years. The most amount of funding was in 2020 at more than $10M.

Total Funding

Year	Total Funding
2025	$3.6M
2023	$4M
2022	-
2021	-
2020	$10M
2019	-
2018	$6M
2017	-

Recent Funding Rounds in Digital Remittance in South Korea

In the year 2025, till September 2025, Digital Remittance companies in South Korea have raised $3.6M in equity funding across 1 round.

Here are some recent, important funding rounds in Digital Remittance companies in South Korea:

Company	Round Raised	Amount Raised	Funding Date	Investors
Cross	Series A	9226	Sep 01, 2025	KB Investment
Utransfer	Series A	3460	Jul 06, 2023	Forest Partners
Global Loyalty Network	Seed	4193	Mar 02, 2023	Taishin International Bank and 3 more
SentBe	Series C	8185	Sep 13, 2022	Stonebridge Ventures and 5 more
Streami	Series B	2441	May 06, 2021	Digital Currency Group

See a more detailed list of funding rounds

Plug and Play Tech Center is the top investor in Digital Remittance companies in South Korea based on number of companies invested.

Here are some top investors in Digital Remittance companies in South Korea:

Investor	Location	Top Portfolio Companies
Plug and Play Tech Center	Sunnyvale (United States)	-
Bain Capital	Boston (United States)	-
SBVA	Seoul (South Korea)	-
Shinhan Futures Lab	Seoul (South Korea)	Moin and Streami
Bridge Alliance Partners	Seoul (South Korea)	Moin and Eromnet

See a more detailed list of investors

Companies founded by alumni from top colleges in the Digital Remittance in South Korea

Most number of Digital Remittance startups in South Korea have been founded by alumni from Carnegie Mellon University, Harvard University and University of Pennsylvania.

College	No. of companies
Carnegie Mellon University	1
Harvard University	1
University of Pennsylvania	1
Wharton School	1

Total funding in Digital Remittance companies founded by alumni from top colleges in South Korea

In the last 10 years, University of Pennsylvania and Wharton School graduates' Digital Remittance companies in South Korea have raised the most funding among top colleges, and Carnegie Mellon University alumni are third.