# Quantec

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

- Industry: Financial Services
- Headquarters: Seoul, South Korea
- Website: www.quantec.co.kr
- Total disclosed funding: $15M
- Latest round: Series C (Nov 22, 2023)
- Investors on record: 6

## About

Based in South Korea, Quantec is a financial technology company dedicated to enhancing the efficiency and transparency of financial transactions through advanced AI-driven solutions for both institutional clients and individual users.Founded in 2016 and headquartered in Seoul, South Korea, Quantec focuses on providing innovative financial technology solutions. The company has successfully raised KRW 9 billion in its Series C funding round as of November 22, 2023, with NH Investment & Securities as the lead investor. Quantec has conducted a total of 5 deals to date, positioning itself as a notable player in the financial technology sector.Quantec specializes in providing financial technology solutions aimed at enhancing the efficiency and transparency of financial transactions. Their primary offerings include AI-driven tools designed to streamline electronic financial transactions, addressing issues such as data security and compliance with regulatory standards. Quantec caters to a diverse clientele, including both institutional clients and individual users, primarily in the Asian markets, particularly South Korea.Quantec's revenue model is mainly structured around subscription services, partnerships, and direct transactions with clients. This approach allows clients to access a suite of financial tools and platforms, generating stable recurring revenue. The pricing plans are customized to meet the needs of various client segments, ensuring accessibility for both large financial institutions and smaller businesses.Quantec aims to leverage its recent Series C funding of KRW 9 billion to expand its product offerings and market reach. The company plans to introduce new AI-driven financial tools designed to enhance user experience by the end of 2024. Additionally, Quantec is targeting expansion into Southeast Asian markets to diversify its geographical presence, aiming for entry by 2025.

## Funding rounds

- Series C, Nov 22, 2023, $6.9M — NH Investment & Securities
- Series B, May 3, 2022, $5.9M — Shinhan Capital, ORBITECH Co., Ltd.
- Series A, Sep 6, 2019, $2.5M — Industrial Bank of Korea, Shinhan Capital, WONIK Investment Partners, AG Investment

## Investors

- Industrial Bank of Korea — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A, Series B
- WONIK Investment Partners (https://capitalatlas.ai/funds/wonik-investment-partners) — Series A
- AG Investment (https://capitalatlas.ai/funds/ag-investment) — Series A
- ORBITECH Co., Ltd. — Series B
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series C