- WireBarley, a Seoul, South Korea-based fintech startup specializing in global remittance services, raised $10m in Series B funding
- Backers included Magna Investment, Shinsegae I&C and Dt & Investment
- Led by CEO Joong-Won Yoo, WireBarley provides fully contactless financial services via its mobile app and web platform
- The company is operating in 5 countries such as the US, Canada, Australia, South Korea, and New Zealand with 21 recipient countries
- It has established a global network with 80 remittance corridors
- Then the company intends to use the funds to strengthen its global remittance service capabilities for individual customers and expand into the B2B field
