Crosshub Inc.

Crosshub Inc. , established in 2024 in Jeonju-si, South Korea, focuses on providing innovative identity management solutions. The company raised KRW 800 million in Seed funding on October 13, 2025, from a consortium of investors including Krypton, Merry Year Social Company, Y&ARCHER, and ZetaPlan Invest, marking its initial funding milestone. The founder's identity and previous ventures are not publicly detailed.

In October 2025, Crosshub Inc. raised an undisclosed amount in venture funding from new investor Korea Tech Incubator for Startup, being selected for Accelerator Investment-Driven Tech Incubator Program Deep-Tech TIPS. IDBlock & B-PAY deliver a decentralized authentication and payment solution that prioritizes identity security and transaction efficiency. Utilizing blockchain technology, users can manage their identity data securely via a system emphasizing decentralization and zero-knowledge proof (ZKP) encryption.

This service enables seamless identity verification, allowing users to obtain a mobile ID through a three-step process: KYC verification, facial recognition, and ID issuance. IDBlock targets both B2B and direct-to-consumer markets, primarily focusing on clients within the financial sector, app developers, and online service users across South Korea, Japan, and Southeast Asia. IDBlock operates on a revenue model based on service subscriptions and transaction fees tied to its authentication platform. Clients engage in a subscription-based pricing model for access to identity verification and management features.

The payment processing component is designed to integrate existing payment methods, facilitating online transactions for individual users seeking enhanced privacy and for businesses needing robust identity verification solutions. Through partnerships, IDBlock is positioned to generate revenue from its offerings that align with secure digital identity management and payment processing requirements. Following its recent Seed funding of KRW 800 million in October 2025, Crosshub Inc. intends to enhance its product offerings and expand into new markets.

The company is currently developing additional features for IDBlock and plans to introduce these advancements in the upcoming quarters. Expansion efforts are targeted towards markets within Southeast Asia, aiming for a broader reach by late 2026. Funding from the latest deal will be utilized to support these product developments and market entry strategies.