Sentbe
Latest round
- Series C
Last raised
- Sep 2022
Total raised
- $0.2M
Investors
- 12
About Sentbe
Founded in 2015 and headquartered in Seoul, South Korea, Sentbe specializes in providing international remittance services.Sentbe specializes in international remittance services, facilitating money transfers across borders with a focus on efficiency and user experience. Their core product is a digital platform that allows individuals and businesses to send money internationally at competitive rates, addressing the common challenges of high fees and lengthy transaction times associated with traditional banking systems. The platform is designed for a diverse clientele, including expatriates, migrant workers, and businesses engaged in cross-border trade, allowing them to transfer funds promptly and securely. This service is particularly relevant in Southeast Asia, where there is a significant demand for remittance services among the diaspora looking to support family members or conduct business operations back home.Sentbe generates revenue primarily through transaction fees associated with its remittance services. Each transfer incurs a fee that is competitively priced to attract a broad range of users while maintaining profitability. The typical transaction structure involves direct payments from users, who access the platform to initiate money transfers, making Sentbe a direct-to-consumer service. This model allows for immediate fulfillment of transactions as customers can send money quickly, enjoying favorable exchange rates. Specific timelines for product launches or geographic expansion have not been disclosed, but the focus remains on solidifying its presence in the remittance sector.
Who invested in Sentbe
12 investors across 3 rounds
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Questions about Sentbe
Who invested in Sentbe?
Sentbe has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Sentbe raised?
Sentbe has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Sentbe last raise money?
Sentbe's most recent round on record is a Series C, in Sep 2022.
What does Sentbe do?
Founded in 2015 and headquartered in Seoul, South Korea, Sentbe specializes in providing international remittance services.
Where is Sentbe headquartered?
Sentbe is headquartered in Seoul, South Korea.
Which VCs invest in companies like Sentbe?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at Sentbe's stage. Their profiles are linked below.
VCs backing software startups at Series C
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