Fintech company Ola Fintech (CEO Kim Sang-soo) announced on the 16th that it has made a strategic equity investment in FinTrinity, a comprehensive payment gateway (PG) service provider. This investment aims to accelerate the expansion of new businesses, including prepaid payments and overseas foreign exchange remittances, and to leap forward as a next-generation financial platform.
Olafintech has focused on solving the financial challenges faced by online sellers and small and medium-sized businesses, focusing on its pre-payment service. With a cumulative payment volume of KRW 5 trillion and over 1 million transactions, it has established itself as a leading service provider in the industry. This investment will allow the company to expand its business into the payment gateway (PG) sector.
The investment target, FinTrinity, is a next-generation payment platform that provides online and offline merchant payments, settlements, and data-based value-added services. It boasts stable technology and rapid growth. OlaFintech plans to combine FinTrinity's infrastructure with its own financial and data technologies to lead new payment demand tailored to the domestic and international e-commerce markets.
Ola Fintech is a fintech startup with the vision of "solving the financial challenges of businesses everywhere." Through its flagship service, "Ola," it supports cash flow issues for online sellers and small and medium-sized businesses. Furthermore, it helps Coupang sellers manage their advertising costs through its one-click advertising efficiency improvement service, "Saybee." Going forward, the company plans to provide financial and marketing solutions for businesses across various industries.
Kim Sang-soo, CEO of Ola Fintech, said, “By combining FinTrinity’s payment infrastructure with Ola Fintech’s data and financial technology, we will provide an innovative financial experience to both domestic and international sellers and consumers. We will lead new payment demands in line with the expansion of global e-commerce and the institutionalization of digital assets.”
With this investment, Olafintech plans to actively pursue new business models, including prepaid payments, overseas foreign exchange remittances, and data-driven financial services, and accelerate its evolution into a next-generation financial platform that combines diverse payment solutions and financial services.
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