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- Banksalad
Banksalad Revenue, Valuation, Funding & Investors
Banksalad is valued at $295M as of April 2021.
Last Banksalad valuation
$295M
Series D · Apr 2021
Last Banksalad funding round
$121M
Series D · Apr 2021
Banksalad revenue
$136M
Series B · Oct 2018
Key investors in Banksalad
KB Investment
Atinum Investment
Company K Partners
Bass Investment
Murex Partners
IMM Investment
About Banksalad
Banksalad is a Seoul-based fintech app offering personalized financial management tools for South Koreans, including asset tracking, budgeting, and product recommendations across 1,200 services from 400 providers. Launched in 2013 by Stanbiz, it serves 10 million users with AI-driven insights on loans, insurance, investments, and credit cards.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising, Subscription
Revenue
$136M (Oct 2018)
Valuation
$295M (Apr 2021)
Banksalad Valuation
Banksalad is currently valued at $295M, based on its Series D in April 2021.
The $121M round included SKS PE, KT and Kia.
Banksalad's valuation has moved from $610M at its Series B in October 2018 to $295M in April 2021, across 2 priced rounds.
Banksalad valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Apr 2021 | Series D | $295M | - |
| Oct 2018 | Series B | $610M | 4.5x |
Banksalad Revenue
Banksalad's latest recorded revenue is $136M, as of its Series B in October 2018. At a $610M valuation, that implies a 4.5x revenue multiple.
Banksalad revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2018 | $136M | $610M | 4.5x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Banksalad Funding History
Banksalad has raised a total of $170M across 3 funding rounds.
Banksalad's first fundraising round was a $12M Series B in October 2018. The most recent completed round was a $121M Series D in April 2021.
Banksalad funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2021 | Series D | SKS PE; KT; Kia | $121M | $295M | Banksalad is a South Korean fintech platform launched in 2013 that enables users to collect, manage, and analyze scattered financial assets using data technologies, including MyData services for credit information, insurance, and mobility-finance integrations. It positions itself as a potential unicorn alongside competitors like Toss, with cumulative app downloads reaching 14 million by 2024 and earlier figures of 8.8 million by 2021, managing over 410 trillion won in assets. The Series D funding round saw investments from KT Corp (30 billion won in April 2021), Kia Motors (10 billion won or $8.7 million in August 2021), and SKS PE, with a total of 65 billion won raised by August 2021 (expected to exceed 100 billion won) and an additional 135 billion won in 2022 from SKS PE, KT, and others, acknowledging a post-money valuation of 440 billion won. SKS PE invested 95 billion won total through SKS MyData, receiving convertible preferred shares initially at 353,835 won per share. Later developments include valuation adjustments: by June 2025, a third-party allotment to Mirae Asset Securities valued the company at 255 billion won (58% of prior 440 billion won), with preferred share conversion prices refixed to 196,594 won, boosting SKS PE's stake to become the largest shareholder ahead of CEO Kim Tae-hoon (27.56%) and KT (5.42%). Banksalad has faced IPO struggles, lowering valuations to facilitate public listing preparations. |
| Aug 2019 | Series C | KB Investment; IMM Investment; Bass Investment; Gorilla Private Equity; Kiwoom Investment; InterVest Co.; Murex Partners; Company K Partners; Stonebridge Ventures; Atinum Investment | $37M | - | - |
| Oct 2018 | Series B | KB Investment; Dunamu & Partners; Bass Investment; Murex Partners; Company K Partners; Atinum Investment | $12M | $610M | Banksalad is a South Korean fintech company operating an online personal financial management platform. In 2018, it generated revenue of USD 136.4 million and received USD 15.6 million in funding from investors including Atinum Partners, Bass Investment, Company K Partners, Dunamu & Partners, KB Investment, and Murex Partners, achieving a post-money valuation of USD 609.6 million. The funding round occurred around October 2018, aligning with the specified investors and approximate date. |
Who has invested in Banksalad?
14 investors have backed Banksalad across its funding rounds, including KB Investment, Atinum Investment, Company K Partners, Bass Investment, Murex Partners and IMM Investment.
Banksalad Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Oct 2018 | ||
| 2 | Participant | Oct 2018 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Aug 2019 | ||
| 1 | Participant | Apr 2021 | ||
This data is available for Pro users. Sign up to see all 14 Banksalad investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBanksalad Competitors
Banksalad competitors include listed companies like Avant Group, Baiwang Cloud and Zaggle Prepaid Ocean, and private ones like Jobis, BukuWarung and Everest Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $181M | $35M | $271M | 0.9x | ||
| Publicly listed | $109M | $433K | $337M | 2.7x | ||
| Publicly listed | $199M | $20M | $255M | 1.0x | ||
| Private | - | - | $250M | - | ||
| Private | - | - | $250M | - | ||
| Private | - | - | $350M | - |
Banksalad Public Comps
Banksalad is still privately-owned, but its public comps include Avant Group, Zaggle Prepaid Ocean, Baiwang Cloud, MCAP, Nordtech Group, Expensify, PCA Corp., Miroku Jyoho Service, Aptitude Software and Briox.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $181M | $35M | 1.0x | 0.9x | 5.3x | 5.7x | |||
| $199M | $20M | 1.0x | 1.0x | 10.4x | 10.7x | |||
| $109M | $433K | 2.6x | 2.7x | 648.3x | - | |||
| - | - | - | - | - | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $142M | ($8M) | 1.1x | 1.1x | (19.6x) | 7.0x | |||
| $97M | $17M | 0.9x | 0.8x | 5.1x | - | |||
| $315M | $58M | 1.1x | 1.1x | 6.0x | - | |||
This data is available for Pro users. Sign up to see all Banksalad competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Banksalad
| When was Banksalad founded? | Banksalad was founded in 2012. |
| Where is Banksalad headquartered? | Banksalad is headquartered in Seoul, South Korea. |
| Is Banksalad publicly listed? | No, Banksalad is a private, VC-backed company. |
| What is Banksalad's valuation? | Banksalad was last valued at $295M in its Series D in April 2021. |
| How much funding has Banksalad raised? | Banksalad has raised $170M across 3 funding rounds. |
| What was Banksalad's last funding round? | Banksalad's last funding round was a $121M Series D in April 2021. |
| Who are Banksalad's investors? | Banksalad's investors include KB Investment, Bass Investment, Murex Partners, Company K Partners, Atinum Investment, SKS PE, IMM Investment, Dunamu & Partners, Gorilla Private Equity, Kiwoom Investment and 4 others. |
| What is Banksalad's revenue? | Banksalad's latest recorded revenue is $136M (October 2018). |
| What is Banksalad's revenue multiple? | Banksalad's latest valuation implies a 4.5x revenue multiple ($610M valuation on $136M of revenue). |
| Which companies are comparable to Banksalad? | Companies comparable to Banksalad include Avant Group, Baiwang Cloud, Zaggle Prepaid Ocean, Jobis, BukuWarung and Everest Systems. |
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