Mobidoo Secures 2 Billion Won Investment from Woori Bank, Samsung Next, and Others
Summary
Mobidoo secured KRW 2 billion (20억 원) in a Series A investment from Woori Bank, Samsung NEXT, Lotte Accelerator, Link Asset Management and other investors. The company commercializes ultrasonic ‘smart sound’ technology and provides an audio-payment solution to Lotte’s LPAY Wave, used across roughly 20,000 Lotte merchants with monthly payment volume exceeding KRW 30 billion. Mobidoo says it will use the funds to advance smart-home capabilities and accelerate entry into Southeast Asia’s mobile payment and coupon markets. Woori Bank selected Mobidoo as a targeted innovation investment and may provide follow-on support as part of its push into 4th-industry startups.
Funding
Amount
$1.8M
Total raised
Date
December 20, 2018
Announcement date
Investors
Samsung NEXT, Link Asset Management
Lead investors
Company
mobidoo.co.kr
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Mobidoo Co., Ltd.
$1M to $5M