Joon-Hak Bae, Vice President of Magna Funding, who led the Sequence B funding mentioned, “WireBarley has seen explosive development and is on observe to turning into a world fintech chief with its contactless monetary providers. Magna Funding has confidence in WireBarley’s success.”
With this funding, WireBarley will strengthen its world remittance service capabilities for particular person prospects and develop into the B2B subject. As well as, regional enlargement is on the way in which. Hong Kong will launch in October and extra recipient international locations together with these in Europe and the Center East might be added sooner or later. Moreover, WireBarley will put money into growing and launching new merchandise over the following few months such because the Multi-Foreign money Pockets providers and extra banking providers for North America.
WireBarley lately introduced a daring transfer to speed up its development, a Zero-Charge coverage for all 20 outbound corridors from South Korea in addition to from the US to South Korea. Leveraging this, WireBarley rolled out its first-ever world model advertising and marketing marketing campaign that includes Lee Solar-Gyun, the well-known South Korean actor from the film “Parasite” who has gained world recognition, to strengthen the model and drive enterprise additional. The overarching model message is “easing the gap past borders and costs” to showcase that WireBarley is right here to assist our prospects to assist and join with their family members whatever the distance.
WireBarley gives totally contactless monetary providers by way of its cell app and internet platform. WireBarley is working in 5 international locations such because the US, Canada, Australia, South Korea, and New Zealand with 21 recipient international locations and has established a robust world community with 80 remittance corridors with reasonably priced charges, quick switch speeds, and pleasant customer support. WireBarley gained greater than 400,000 app downloads and collected nicely over than $400M in income so far. It’s nicely on observe to turning into a pacesetter in world remittance in each the Asia-Pacific and North America.