# PAYTA LAB

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payta-lab

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.passorder.co.kr
- Total disclosed funding: $10M
- Latest round: Series B (Feb 15, 2022)
- Investors on record: 7

## About

Founded in 2018 and based in Seoul, South Korea, PAYTA LAB CORP. is a FinTech company that provides contactless payment methods such as scanning QR codes for payment. In February 2022, PAYTA LAB CORP. raised KRW 12.1 billion in series B funding led by new investor A Ventures. Returning investors Lotte Accelerator and The Wells Investment, and new investors K-Growth, KB Investment, and KT Investment also participated in this round. As of 2022, the company is led by its CEO Su-yong Kwak. The company will use the February 2022 funding to expand partner stores nationwide and scale up its service.

## Funding rounds

- Series B, Feb 15, 2022, $10M — KB Investment, K-Growth, The Wells Investment, KT Investment, A Ventures, Lotte Ventures
- Series A, Dec 10, 2020 — K Bridge Investment, The Wells Investment, Lotte Ventures

## Investors

- K Bridge Investment (https://capitalatlas.ai/funds/k-bridge-investment) — Series A
- The Wells Investment (https://capitalatlas.ai/funds/the-wells-investment) — Series A, Series B
- Lotte Ventures (https://capitalatlas.ai/funds/lotte-ventures) — Series A, Series B
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Series B
- K-Growth (https://capitalatlas.ai/funds/k-growth) — Series B
- KT Investment (https://capitalatlas.ai/funds/kt-investment) — Series B
- A Ventures — Series B