Korbit

cryptocurrencyblockchain

FOUNDING YEAR: 2013
LOCATION: Korea, Republic of
Last Update: 01/05/2020

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About

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

ACTIVE USERS:

0.2500

People

FOUNDERS

Tony Lyu

Kangmo Kim

Louis Jinhwa Kim

BOARD MEMBERS AND ADVISORS

Jai Choi

NUMBER OF EMPLOYEES

11-50

INVESTORS:

BAM Ventures

Barry Silbert

D.CAMP

David Lee

Jay H. Eum

Michael Yang

Naval Ravikant

Pantera Capital

Pietro Dova

SK Planet

Softbank Ventures Korea

Strong Ventures

Tim Draper

Momentum

FUNDED

YES

TOTAL FUNDING

$3.52 M

SEED & PRIOR FUNDING

$520 K

FUNDING SERIES

SERIES A  · $3 M  · ---

LISTED

NO

BASICS

FOUNDING YEAR:

2013

LOCATION:

Korea, Republic of

Views:

65 VISITORS | 137 VIEWS
LATEST FUNDING ROUND

$3.52 M

TOTAL EMPLOYEES
11-50

About

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

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

Focus+
Momentum+
Traction+
People+
Other+

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