PortOne

PortOne

Develops an API for payment systems. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD202020212023
Revenues2.3m7.5m8.8m
% growth-226 %-
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DateInvestorsAmountRound
-

N/A

-
N/A

$15.0m

Series A
N/A

N/A

-

$60.0m

Series B
*

$45.0m

Valuation: $300m

Series B
*

N/A

Late VC
Total Funding€109m

Recent News about PortOne

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CHAI Corporation is a dynamic fintech startup based in South Korea, specializing in payment solutions. The company primarily serves businesses and consumers by providing a seamless and efficient payment platform. CHAI operates in the financial technology (fintech) market, which focuses on using technology to improve financial services.

The core of CHAI's business model revolves around its payment app, available on both the App Store and Google Play. This app allows users to make quick and secure payments, enhancing the overall transaction experience. The company targets a diverse range of clients, including small to medium-sized enterprises (SMEs) and individual consumers who seek convenient and reliable payment methods.

CHAI generates revenue through transaction fees. Each time a user makes a payment using the CHAI app, the company earns a small percentage of the transaction amount. This fee-based model ensures a steady stream of income as the volume of transactions grows. Additionally, CHAI may offer premium services or features within the app, providing another revenue stream.

The company has garnered significant attention and investment from notable firms such as SoftBank Ventures Asia and Hanwha Investment, which have collectively poured millions into the startup. This financial backing underscores the confidence investors have in CHAI's potential to disrupt the payments industry.

In summary, CHAI Corporation is a fintech startup revolutionizing the payment landscape in South Korea. By offering a user-friendly payment app, the company serves both businesses and consumers, making money through transaction fees and potential premium services. With strong investor support, CHAI is well-positioned for growth in the competitive fintech market.

Keywords: fintech, payment solutions, South Korea, transaction fees, SMEs, consumers, mobile app, SoftBank, Hanwha Investment, financial technology.