Torder Securitizes 10 Billion Won in Assets Based on Table Order Subscription Revenue

Table order company Torder announced on April 29 that it has successfully securitized assets worth approximately 10 billion won, recognizing the value of stable subscription revenue generated from 350,000 cumulative installed tablets.

This round of funding was not secured through a typical equity sale, but rather through asset securitization based on Torder’s table order service subscription revenue. The company explained that Torder’s recurring revenue structure from the subscription model was evaluated as a stable and securitizable asset. It was also analyzed that the increasing share of highly profitable recurring revenue, such as service renewals from existing customers and advertising revenue, had a positive impact.

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Torder has invested about 50 billion won in artificial intelligence (AI) infrastructure and research and development (R&D) to transform itself into a leading AI company for small businesses. The newly secured funds will also be focused on strengthening R&D and infrastructure. The company plans to invest in key growth areas, including further development of its recently launched small business AI “TorderGPT,” expansion of its advertising platform business, and entry into global markets.

Kwon Sungtaek, CEO of Torder, said, “This capital raise demonstrates that Torder’s business model can gain market trust based solely on asset value, even without external capital infusion,” adding, “We will focus on diversifying our business and advancing AI technology based on our enhanced financial capacity.”

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