Korbit

cryptocurrencyblockchain

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Korea, Republic of
Last Update: 19/01/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

MEDICI Analysis

Korbit is a South Korea based bitcoin exchange, wallet and merchant processor.

Focus

PRODUCTS & SERVICES

Money Remittance Service, Wallet, Global Payment Processing

REVENUE MODEL

Korbit monetize by charging a 1% fee for merchants who want their incoming Bitcoin payments converted to fiat currency.

MAIN CLIENTS

Nescafe

Natuur (ice cream)

while its online merchants include Hanintel (lodging reservation) and News Peppermint (news translation)

EXISTING PARTNERSHIPS

Vingo

Traction

VALUATION / MARKET CAP:

$20 M in 2015

COMPANY TYPE:

For Profit

ACTIVE USERS:

0.2500

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$400 K

DATE OF LAST FUNDING

Feb 2017

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$400 K

SEED CLOSED ON

Jan 2014

FUNDING SERIES

SERIES A  · ---  · Feb 2017

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

coinpay

ANNOUNCED DATE

Sep 2017

PRICE

$80 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

134,871

AVERAGE VISITS (6 MONTHS)

215,390.77

MONTHLY VISITS GROWTH

-16.17%

VISIT DURATION

544

VISIT DURATION GROWTH

24.6%

PAGE VIEWS VISIT

6.82

PAGE VIEWS VISIT GROWTH

0.25%

BOUNCE RATE

34.29%

BOUNCE RATE GROWTH

-10.93%

GLOBAL TRAFFIC RANK

219,492

MONTHLY RANK CHANGE

13,398

MONTHLY RANK GROWTH

6.5%

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp