REmited
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REmited - overview
Established
2023
Location
Seoul, -, South Korea
Primary Industry
Marketing/Advertising
About
Based in South Korea, REmited specializes in providing innovative financial solutions that enhance transaction efficiency in the remittance industry, facilitating seamless cross-border money transfers for both individuals and businesses. REmited, founded in 2023 and headquartered in Seoul, South Korea, focuses on developing solutions within the remittance sector. The current CEO and founde is Brian Bae. In June 2026, REmited raised KRW 2.
5 billion in pre-series A funding led by returning investor Hyundai Investment Partners, with participation from other returning investors Seoul Technology Holdings, Antler, and The Goodthings. New investors CJ Investment and Goodwater Capital also participated in the round. REmited specializes in providing innovative financial solutions aimed at enhancing transaction efficiency within the remittance industry. Their core offerings include a digital platform that facilitates seamless cross-border money transfers, designed to cater to both individual consumers and businesses.
This platform addresses common challenges such as high transaction fees and prolonged transfer times, making it particularly appealing to users in emerging markets who rely on remittances for daily expenses. Targeted primarily at customers in North America, Europe, and select regions in Asia, REmited's services are utilized by a diverse client base, including migrant workers sending money home and small businesses engaged in international trade. The company's commitment to reliability and user-centric design underscores its mission to simplify financial transactions across borders. REmited generates revenue through a combination of transaction fees and subscription models for its users.
Clients typically engage through an easy-to-use app or web interface, initiating money transfers for a nominal fee that varies depending on the transaction amount and destination. Additionally, REmited offers premium services with enhanced security features and expedited transfer options available through monthly subscription plans. The firm's flagship service allows users to send money to over 50 countries, creating a robust revenue stream while fostering loyalty among users who appreciate competitive pricing and transparency in costs associated with their money transfers. This strategic approach positions REmited to capture a significant share of the growing remittance market.
The company plans to use the June 2026 funding to develop an artificial intelligence shopping agent and expand into Southeast Asia.
Current Investors
Antler, The Goodthings, Hyundai Investment Partners
Primary Industry
Marketing/Advertising
Sub Industries
Market Research & Consulting
Website
www.teamremited.com
Verticals
E-commerce, Mobile Apps
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
REmited - employee data


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