KakaoBank

KakaoBank Corp. was founded in 2016 by Korea Investment Holdings and Kakao Corp. as a mobile-only bank and financial technology firm in South Korea. The financial service, which had gained a lot of attention for its unusual user interface and user experience before it went public in July 2017, finally got its big break that month. Within the first day of business, the bank had over 240,000 customers. As of July 11, 2019, the mobile app-based lender had more than 10 million customers.

Kakaobank had more than 14.2 million customers as of March 31, 2021. The largest neobank in South Korea was valued at roughly KRW 8.6 trillion in October 2020, with capital of KRW 750 billion raised from U.S. private equity firm TPG Capital and existing shareholders.

Founded: January 22, 2016
Headquarters: Pangyo, Gyeonggi-do, South Korea
Website: www.kakaobank.com