Korea Credit Data Secures 100 Billion KRW Investment from Morgan Stanley Tactical Value

Corporate Value of 1 Billion USD... Total Investment Amount Reaches 260 Billion KRW
Started from Ledger, Expanded Functions... Adopted by 2 Million Businesses Nationwide

Korea Credit Data (KCD) announced on the 24th that it has secured an investment of 100 billion KRW from Morgan Stanley Tactical Value (MSTV), an investment firm based in New York. The company was valued at approximately 1 billion USD (about 1.3 trillion KRW). This is an increase compared to the valuation of about 1.1 trillion KRW during the investment round last October. The total accumulated investment amount is approximately 260 billion KRW.

KCD's flagship service, 'Cash Note,' is a 'super app' for neighborhood small business owners. It started with a ledger function that anyone can check daily and has expanded into various areas such as customized financial services for business owners, a business-to-business marketplace (B2B market), information on support policies for small business owners, and an exclusive community. It also provides essential service infrastructure for small business owners, including POS (point of sale) and VAN (value-added network) payment management systems.

KCD is leading the domestic service market for small business owners. Through a total of five community companies, including its headquarters, KCD provides services to approximately 2 million business locations nationwide. This is an increase of 300,000 business locations compared to the investment round last October. Revenue has also grown rapidly, with first-half revenue surpassing the entire previous year's revenue. Compared to the same period last year, it has grown more than fourfold.

Kim Dong-ho, CEO of Korea Credit Data, said, "KCD's 'neighborhood store owner-centered business ecosystem' business model has been recognized by leading global financial investors. We will combine the funds and know-how of global investors with KCD's data to introduce services that help store operations and cash flow."

Kim Hyun-sung, Director of MSTV, said, "KCD's business holds social value that plays an important role in the Korean economy not only from the perspective of small business users but also from a macroeconomic standpoint. We look forward to future growth utilizing the infrastructure and tools accumulated so far."

This content was produced with the assistance of AI translation services.