Korea Payment Networks
↗Seoul, South Korea
Korea Payment Networks (KPN) is a leading South Korean fintech company specializing in payment infrastructure, including Value Added Network (VAN), Payment Gateway (PG), and Firm Banking services. Originally established as KMPS in 2000, the company became a major player in the Korean payment market through its history as First Data Korea and Fiserv Korea before being acquired by the unicorn startup Korea Credit Data (KCD) in 2022.
KPN provides comprehensive online and offline payment solutions to over 250,000 merchants across South Korea. The company is currently focused on integrating its payment systems with KCD's 'Cash Note' ecosystem, which serves over 1.4 million small business owners. Recent innovations include the launch of 'Cash Note Pay,' a data-based store payment system that allows real-time sales management via mobile applications, and the development of stablecoin-based payment infrastructure.
CLASSIFICATION
Company Type:Digital Health
Therapeutic Areas:-
Industry:Fintech
Sub-Industry:Payment Processing & Infrastructure
SIZE & FINANCIALS
Employees:201-500
Revenue:$100M-$500M
Founded:2000
Ownership:subsidiary
Status:operating
FUNDING
Stage:Acquired
Total Raised:$310M+ (Parent KCD total)
Investors:Temasek (Pavilion Capital), Morgan Stanley Tactical Value, Fiserv, KB Kookmin Bank, Shinhan Card, Kakao
PIPELINE
Stage:Commercial
Active Trials:0
Trial Phases:-
FDA Approvals:0
EMA Approvals:0
CORPORATE STRUCTURE
Parent Company:Korea Credit Data (KCD)
Acquired By:Korea Credit Data (KCD) (2022-09-01)
Key Partnerships:INEX (Stablecoin payment infrastructure), KB Kookmin Bank (Financial services integration), Samsung Pay (Network integration)
COMPETITION
Position:Leader
Competitors:Toss Payments, NHN KCP, KG Inicis, Nice Information & Telecommunication
LEADERSHIP
Key Executives:
Shin Seo-jin - CEO
Kelvin Dongho Kim - Founder & CEO of KCD
LINKS
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