Korbit Funding: How Much Did They Raise & Key Investors

How Much Did Korbit Raise?
Funding & Key Investors

Korbit, a prominent player in the digital currency exchange sector, has secured significant enterprise-level funding, with the most recent capital injection amounting to $3M. This latest round of financing adds to the company's cumulative financial backing, bringing the total funding raised to $3M. The recent strategic investment underscores Korbit's ongoing development and market positioning within the competitive cryptocurrency landscape.

What is Korbit?

Korbit

Finance

Credit Card Processing

Korbit, Inc. is a South Korean company established in 2013, specializing in online bitcoin exchange, wallet services, and merchant processing. Operating as a subsidiary of NXC Corporation since September 26, 2017, Korbit has positioned itself as a key facilitator of digital asset transactions in the region. Its services cater to individual traders and businesses seeking to engage with the cryptocurrency economy.

How much funding has Korbit raised?

Korbit has raised a total of $3M across 1 funding round:

2018

Series A

$3M

Series A (2018): $3M, investors not publicly disclosed

What's next for Korbit?

The substantial enterprise-level funding and recent strategic investment signal a phase of accelerated growth and potential market expansion for Korbit. This capital infusion is likely to be directed towards enhancing its technological infrastructure, broadening its service offerings, and potentially exploring new geographic markets. As a subsidiary of NXC Corporation, Korbit is well-positioned to leverage synergistic opportunities and solidify its standing in the evolving digital finance ecosystem.

See full Korbit company page

See More Financial Insights