MOIN
Latest round
- Series B
Last raised
- Mar 2022
Total raised
- $16M
Investors
- 13
About MOIN
Based in South Korea, MOIN, Inc.Founded in 2016, MOIN, Inc. is headquartered in Seoul, South Korea, and focuses on remittance services.MOIN offers a streamlined overseas remittance service targeting individuals and businesses seeking an efficient means of transferring money internationally. The platform allows users to send funds to 47 countries, including Japan, the United States, and Australia, without the need for intermediary banks, significantly reducing associated fees. Customers can utilize the service through a user-friendly app that facilitates quick transactions, often completed within a day, and in as little as five minutes for sending requests. MOIN's offerings include competitive exchange rates and low transaction fees, appealing particularly to international students and individuals engaged in cross-border transactions.MOIN generates revenue primarily through transaction fees associated with its remittance services. Clients are charged a fee of 14,600 KRW for each transaction, which is significantly lower than traditional banking options. These fees allow MOIN to maintain a competitive edge in the market while providing substantial savings to users, often amounting to nearly 50,000 KRW less than standard banking fees. The business operates on a direct-to-consumer model, targeting both individual users and specific customer segments, such as international students who require frequent remittance services.In March 2022, MOIN, Inc. MOIN aims to introduce new product features designed to streamline user experience and improve transaction efficiency. Additionally, the company is targeting new markets for expansion, though specific regions have not yet been disclosed.
Who invested in MOIN
13 investors across 2 rounds
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Questions about MOIN
Who invested in MOIN?
MOIN has 13 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has MOIN raised?
MOIN has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did MOIN last raise money?
MOIN's most recent round on record is a Series B, in Mar 2022.
What does MOIN do?
Based in South Korea, MOIN, Inc.
Where is MOIN headquartered?
MOIN is headquartered in Seoul, South Korea.
Which VCs invest in companies like MOIN?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at MOIN's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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