BaaS(Business as a Service) platform Wefun was selected as one of the '2025 Asia Pacific High-Growth Companies' announced by the Financial Times (FT) on the 18th. 'Asia Pacific High-Growth Companies' is a ranking of the top 500 companies with the highest average annual growth rate among 10,000 companies in 13 Asia Pacific countries, selected by the Financial Times and global data analysis company Statista. This year, companies with high growth rates were selected among those with sales of over USD 100,000 in 2020 and sales of over USD 1 million in 2023.
Wefun has attracted attention by recording a compound annual growth rate (CAGR) of 106%, ranking 76th among 500 companies overall and 17th in the IT/Software sector. It has been recognized for its profitability and growth potential by maintaining a steady surplus since reaching its BEP (break-even point) in September 2022. It is expected to continue its high growth in 2023 and 2024.
Wefun is expanding its service direction beyond 'corporate subscription service' to 'BaaS', and is providing over 100 services necessary for corporate welfare and operation/management to domestic companies. Representative services include office snack subscription services 'Snack24', 'Coffee24', 'Breakfast24', and 'Gift24'. It currently has over 9,400 customers and is positioned as a leader in the domestic B2B business-related market. It is showing stable growth by achieving accumulated sales of KRW 120 billion by the third quarter of 2024.
Wefun has recently expanded its business area by acquiring Woorin Co., Ltd., Ilhwa Logistics Co., Ltd., and Next C&C. Wefun CEO Kim Heon said, “Being selected as an Asia Pacific high-growth company by the Financial Times is a result of Wefun’s BaaS model’s innovation and growth potential being recognized in the global market.” He added, “With a solid portfolio and stable growth foundation, we will leap forward as a growth partner for all companies in Korea.”
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