Payletter Inc.
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Payletter Inc. - overview
Established
2001
Location
Seoul, -, South Korea
Primary Industry
Software
About
Based in South Korea, Payletter Inc. operates as a technology-driven company that provides innovative billing and payment solutions to enhance online business transactions. Payletter Inc. specializes in billing and payment technology solutions designed to optimize internet business operations.
Founded in 2001 in Seoul, South Korea, the firm has completed three significant deals, with its most recent funding round in November 2021, raising KRW 8. 1 billion in pre-IPO funding from Hanwha Investment & Securities and UON INVESTMENT. The CEO of Payletter Inc. is Sung-woo Lee.
Payletter Inc. specializes in billing and payment technology solutions designed to enhance internet business operations. Its core products include the BillOneQ billing solution and PayOneQ electronic payment services, which streamline transaction processes for a variety of clients, including e-commerce platforms, digital content providers, and service-oriented businesses. These products are aimed at simplifying payment processing and billing management for a diverse clientele, ranging from startups to established enterprises, primarily in South Korea while also serving international markets.
Payletter Inc. generates revenue through its various billing and payment service offerings, structured primarily around transaction fees and service subscriptions. Clients engage through a subscription-based model for the billing solutions, while electronic payment transactions incur fees based on processed transaction volumes. For the year 2024, Payletter Inc.
reported a revenue of KRW 139,097,291,000. In light of its recent KRW 8. 1 billion funding round in November 2021, Payletter Inc. plans to develop and launch new products aimed at enhancing their service offerings, with specific details expected in the upcoming quarters.
The company is also targeting expansion into international markets, focusing on regions that complement its existing customer base, with efforts anticipated to ramp up by 2025. Funding from the latest deal will be utilized to support these initiatives, further strengthening its position in both domestic and global markets.
Current Investors
We Venture Partners, Hanwha Investment & Securities, UON INVESTMENT
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.payletter.com/
Verticals
E-commerce, FinTech
Company Stage
Series A
Total Amount Raised
Subscriber access only
Payletter Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | KSNET, Inc. | - |
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