May 2026
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Largest FinTech Public Companies in South Korea
Benchmark revenue and EBITDA valuation multiples for public comps like
KakaoBank, Kakao Pay, Samsung Card, Douzone Bizon and Kbank.
 | KakaoBank Corp offers banking and other financial services. It offers a range of banking services such as deposits, lending, debit/credit cards, and international money transfers. It also provides various card products and digital financial services tailored for individuals, groups, and small business owners. | $15 | -4% | $7B | $7B | 6.8x | — | ||
| kakaopay Corp is a mobile payment and digital wallet service provider. It provides easy payment, easy remittance, and other financial services. It operates in two segments: Financial Services and Non-financial Services. | $33 | +30% | $4B | $1B | 1.8x | 13.3x | ||
| Samsung Card Co Ltd is a specialized credit finance company. The company provides credit card service, lease service, loan service, financial product sales service and on-line shopping service in Korea. Its business operations are divided into three segments: Card Business, Installment Business, and Other. The company utilizes the strong brand recognition of doing business. Also, the company is working on a platform business that utilizes open innovation and big data with various heterogeneous industries. | $32 | +10% | $3B | $3B | 1.1x | — | ||
| Douzone Bizon Co Ltd is a player in the software industry. Its major product is enterprise resource planning available in variants such as lite ERP, standard ERP, extended ERP and financial ERP, construction-use ERP and security solutions. It also caters to the banking industry with electronic banking software used for billing and taxation purposes. | $80 | +113% | $2B | $2B | 7.5x | 20.2x | ||
| Kbank is an internet-only bank; it is pursuing a variety of non-face-to-face lending and deposit services and platform businesses. It leverages technologies like AI, cloud computing, and others to provide greater benefits and enjoyment, while streamlining complex procedures to maximize customer convenience. The group provides products such as Deposits, Loans, cards, and Others. | $4 | -- | $1B | $1B | 3.5x | — | ||
| NHN KCP Corp is engaged in the online payment business. NHN KCP organizes its business operations into four segments: Payment Gateway Service, VAN Service, Smart Service, and Additional Services. Payment Gateway Service comprises general payments, periodic accounting, electronic payments by ARS. VAN Service includes online payment processing by credit card, IC card, and points card. Smart Service consists payment service by smart devices. Its additional services comprised mobile phone authentication service and mobile student ID. The company is one of the principal market share holders in the internet shopping mall transactions and the online VAN services in Korea. | $12 | +141% | $470M | $192M | 0.2x | 4.2x | ||
| Kolon Enp Inc is an engineering plastics specialist company in Korea that produces and sells engineering plastic. It manufactures and markets engineering plastics such as polyamide, polyacetal, PEL, PPS, etc. The company's product used in automobile, electricity and electronic and life material. | $10 | +127% | $388M | $331M | — | — | ||
| DANAL Co Ltd is a South Korea based company engaged in providing wired and wireless telephone payment services in South Korea. The company offers digital content payment services; and smartphone barcode payment services, as well as cell phone billing, cell phone ringtone downloads, and ringtones. | $5 | +101% | $303M | $398M | 2.7x | (14.1x) | ||
| Hecto Financial Co Ltd is engaged in providing online payment based system. It provides services such as Real-time bank transfer, Virtual Account, Mobile phone billing, Gift Vouchers and Online payment through credit card. | $20 | +235% | $272M | $84M | 0.7x | 5.4x | ||
| FnGuide Inc is engaged in providing financial information online, and is broadly divided into financial information services, index development and provision, fund evaluation, and solutions. Its clients include financial institutions such as securities firms, asset management companies, investment advisory firms, and banks, as well as research institutes such as universities and research centers. | $19 | +298% | $216M | $210M | 8.9x | 23.9x | ||
| Kginicis Co Ltd is primarily engaged in the provision of electronic payment gateway services and the internet and computer operation-related business. The company offers a comprehensive line of payment services including credit, debit, purchasing card, electronic fund transfer processing, gift card, loyalty card, stored value cards, point-of-sale equipment, and related services; merchant accounting and customized reporting. | $7 | +14% | $186M | $359M | 0.4x | 3.9x | ||
| GalaxiaMoneytree Co Ltd is engaged in Electronic payment business centered on mobile payment and credit card payment, O2O business centered on mobile gift certificates and coupons, convenience store-based payment and electronic civil complaint cash, and other businesses such as Money Tree, a simple payment platform, and a blockchain-based NFT platform operated by a subsidiary company. | $5 | -15% | $186M | $249M | 2.9x | 19.4x | ||
| Hanpass Co Ltd is a fintech company. The group operates with digital remittance solutions, mobile wallets, and prepaid card services as its main services. | $8 | -- | $79M | $79M | — | — | ||
| WebCash Corp is a South Korea based company involved in providing business software solutions. Its Webpage B2B pin tech platform is a corporate finance contact platform connecting ERP to all financial institutions and corporations. The company also provides Small Business Accounting Professional Software named Accounting Country. | $5 | -46% | $68M | $54M | 1.1x | 3.9x | ||
| Aijinet Inc is engaged in developing and supplying the insurance service platform 'Bodak' and insurance service software that supports the digital transformation of insurance companies. The company has also developed solutions by concentrating verified data and analysis/diagnosis technology as a B2C platform and providing them to financial institutions such as insurance companies, banks, and securities companies. | $1 | -42% | $22M | $14M | 0.5x | 4.6x | ||
| Median | $10 | +30% | $303M | $331M | 1.8x | 5.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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