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

Banksalad Overview

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

South KoreaSeoul

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
Banksalad valuation by funding round
DateStageValuationRevenue Multiple
Apr 2021Series D$295M-
Oct 2018Series B$610M4.5x

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

Banksalad revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2018$136M$610M4.5xSeries 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

Banksalad funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Apr 2021Series DSKS PE; KT; Kia$121M$295MBanksalad 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 2019Series CKB Investment; IMM Investment; Bass Investment; Gorilla Private Equity; Kiwoom Investment; InterVest Co.; Murex Partners; Company K Partners; Stonebridge Ventures; Atinum Investment$37M--
Oct 2018Series BKB Investment; Dunamu & Partners; Bass Investment; Murex Partners; Company K Partners; Atinum Investment$12M$610MBanksalad 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

Investors in Banksalad by funding rounds participated
InvestorHQRoundsRoleFirst check
KB InvestmentSouth KoreaSeoul2ParticipantOct 2018
Bass InvestmentSouth KoreaSeoul2ParticipantOct 2018
Murex PartnersSouth KoreaSeoul2ParticipantOct 2018
Company K PartnersSouth KoreaSeoul2ParticipantOct 2018
Atinum InvestmentSouth KoreaSeoul2ParticipantOct 2018
SKS PESouth KoreaSeoul1ParticipantApr 2021
IMM InvestmentSouth KoreaGwangju1ParticipantAug 2019
Dunamu & PartnersSouth KoreaSeoul1ParticipantOct 2018
Gorilla Private EquitySouth KoreaSeoul1ParticipantAug 2019
Kiwoom InvestmentSouth KoreaSeoul1ParticipantAug 2019
InterVest Co.South KoreaSeoul1ParticipantAug 2019
KTSouth KoreaGyeongju1ParticipantApr 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

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Banksalad Competitors

Banksalad competitors include listed companies like Avant Group, Baiwang Cloud and Zaggle Prepaid Ocean, and private ones like Jobis, BukuWarung and Everest Systems.

Public and private companies comparable to Banksalad
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Avant GroupJapanJapanPublicly listed$181M$35M$271M0.9x
Baiwang CloudChinaChinaPublicly listed$109M$433K$337M2.7x
Zaggle Prepaid OceanIndiaIndiaPublicly listed$199M$20M$255M1.0x
JobisSouth KoreaSeoulPrivate--$250M-
BukuWarungIndonesiaJakartaPrivate--$250M-
Everest SystemsUnited StatesSan Francisco, CAPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Avant Group$181M$35M1.0x0.9x5.3x5.7x
Zaggle Prepaid Ocean$199M$20M1.0x1.0x10.4x10.7x
Baiwang Cloud$109M$433K2.6x2.7x648.3x-
MCAP------
Nordtech Group$72M$15M5.1x-25.2x-
Expensify$142M($8M)1.1x1.1x(19.6x)7.0x
PCA Corp.$97M$17M0.9x0.8x5.1x-
Miroku Jyoho Service$315M$58M1.1x1.1x6.0x-

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.

See companies similar to Banksalad

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial