KakaoBank
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Native name | 주식회사 카카오뱅크 |
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| Type | Public |
| KRX: 323410 | |
| Industry | Financial services |
| Founded | January 22, 2016 |
| Headquarters | Pangyo, Gyeonggi-do, |
Key people | Yun Ho-young, CEO |
| Services | Online banking Mobile banking Loan and deposit Debit card Credit Card Overseas remittance |
| KRW 46.7 billion (2021.Q1) | |
| Owners | Kakao Corp., Korea Investment Value Asset Management |
Number of employees | 952 (March 2021) |
| Website | www |
KakaoBank Corp. (stylized as Kakaobank; Hangul: 주식회사 카카오뱅크) is a South Korean mobile-only bank and financial technology company established in 2016 by Korea Investment Holdings and Kakao Corp.
History[edit]
The banking service went public in July 2017 after getting a huge spotlight mainly due to its simplicity and unique and intuitive UI and UX. The bank attracted more than 240,000 customers within the first 24-hour-operation. The mobile app-based lender has achieved more than 10 million customers by July 11, 2019.[1]
As of March 31, 2021, Kakaobank's customer volume is more than 14.2 million.
Valuation[edit]
In October 2020, the corporate valuation of the South Korea’s largest neobank was set around KRW 8.6 trillion through KRW 750 billion-capital, raising from the U.S-based private equity TPG Capital and current shareholders.[2]
IPO[edit]
On September 25, 2020, Kakaobank officially announced its IPO plan to public.[3] The bank picked KB Security and Credit Suisse as lead managers for its IPO, with Citi as a co-manager.[4] According to a local media report, kakaobank would submit the IPO application to a Korean exchange on April 15, 2021.[5]
Services[edit]
kakaobank's services include loan, deposit, debit card, overseas remittance and some other financial services.
App[edit]
kakaobank provides products via its mobile apps which adopt easy identification (KYC) methods. kakaobank's UI and UX are considered very intuitive.[citation needed] In July 2019, kakaobank's Android app was recognized as No.1 banking app based on MAU and the most downloaded banking app in the country by igaoworks.[6]
References[edit]
- ^ "Kakao Bank accounts top 10 million". The Korea Herald. Retrieved July 12, 2019.
- ^ "Kakao Bank issues new shares to major U.S. hedge fund". Korea JoongAng Daily. Retrieved October 27, 2020.
- ^ "Kakao Bank makes IPO plans official". Korea Herald. Retrieved September 24, 2020.
- ^ 카카오뱅크 IPO 대표 주관사에 KB증권·CS 선정 (in Korean). The Chosun Biz. Retrieved December 11, 2020.
- ^ 카카오뱅크, 오는 15일 상장 예비 심사 청구 예정…7월 코스피 입성하나 (in Korean). The Financial News. Retrieved April 13, 2021.
- ^ 인터넷銀 반란 시작…카카오뱅크, 시중은행 뱅킹 앱 사용자 압도 (in Korean). IT Chosun. Retrieved August 22, 2019.
External links[edit]
- Official website
- Official website (English)
- Business data for KakaoBank Corp:
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