Kakao Pay

A mobile payment and digital wallet service that allows users make mobile payments and online transactions.

Launch date

Sep 2014

Employees

501-1000 people

Market cap

Enterprise valuation

€705m (Public information from Sep 2024)

Seongnam-si Gyeonggi-do (HQ)

https://www.kakaopay.com/

https://twitter.com/kakaocorpglobal https://www.linkedin.com/company/kakaopay/

Revenues, earnings & profits over time

KRW	2020	2021	2022	2023	2024	2025	2026
Revenues	284.4b	458.6b	521.7b	615.4b	751m	866m	998m
% growth	102 %	61 %	14 %	18 %	(100 %)	15 %	15 %
EBITDA	(6.8b)	(3.4b)	41.5b	52.5b	29.3m	53.2m	119m
% EBITDA margin	(2 %)	(1 %)	8 %	9 %	4 %	6 %	12 %
Profit	(20.6b)	(22.9b)	54.0b	2.5b	8.8m	43.6m	73.2m
% profit margin	(7 %)	(5 %)	10 %	-	1 %	5 %	7 %
EV / revenue	-	0.1x	0.0x	0.0x	2.3x	1.8x	1.5x
EV / EBITDA	-	-6.2x	0.1x	0.1x	58.7x	30.0x	12.6x

Date	Investors	Amount	Round
-	D.CAMP	N/A	-
2014	N/A	N/A	-
Jan 2017*	Kakao	N/A	Corporate spinout
Feb 2017	Ant Group	$200m	Growth Equity VC
Oct 2021	N/A	$1.3b Valuation: $9.9b 41.5x EV/LTM Revenues -1740.7x EV/LTM EBITDA	IPO
Total Funding		€182m

ACQUISITION by Kakao Pay Jul 2019

GLN International

ACQUISITION by Kakao Pay Nov 2023

Siebert Financial Corp (Formerly Muriel Siebert & Co & Michaels J)