Monday, March 4, 2024

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WireBarley: Raises $10M in Series B Funding

  • 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

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