# Openull

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openull

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.ssomee.com
- Total disclosed funding: $0.1M
- Latest round: Seed (Jun 19, 2020)
- Investors on record: 2

## About

Based in South Korea, Openull is an innovative online platform focused on enhancing digital user engagement and optimizing online interactions through tailored web applications.Founded in 2017 and headquartered in Seoul, South Korea, Openull specializes in providing digital solutions that facilitate improved communication and collaboration between businesses and users. The company has successfully completed a total of 4 funding deals, with the most recent being a Seed round in August 2022, raising KRW 100.000 mn from investors Y&ARCHER. The CEO, Seong Park, leads the firm, which has not undergone notable business pivots or structural changes since inception.Openull offers a range of digital solutions designed to enhance user engagement and optimize business processes. Their core products include web-based applications that streamline communication and collaboration for small to medium-sized enterprises (SMEs), digital marketers, and community organizers, all aimed at improving operational efficiency and customer satisfaction. The company actively markets its offerings in North America and Europe, responding to the increasing demand for effective digital tools.For the fiscal year 2022, Openull reported a revenue amount of KRW 17,065.4 mn. The company's revenue model primarily relies on subscription-based services, allowing clients to choose plans that fit their operational needs, with various features available for monthly or annual subscriptions. This model is supplemented by partnerships with digital marketing agencies and community organizations, further diversifying their income streams.Openull aims to enhance its platform through new product developments and strategic market expansions. The company plans to strengthen its Buy Now Pay Later (BNPL) solution platform and upgrade its alternative credit evaluation model. The funding from the Seed round in August 2022 will support these initiatives, including the recruitment of additional personnel to drive growth. Openull is targeting new geographical regions for expansion, with efforts directed toward capturing markets in Southeast Asia by the end of 2023.

## Funding rounds

- Seed, Jun 19, 2020 — FuturePlay
- Seed, Oct 1, 2019, $0.1M — Y&ARCHER

## Investors

- Y&ARCHER (https://capitalatlas.ai/funds/y-archer) — Seed
- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed