South Korean B2B Fintech Webcash Group Receives $20.9M Investment from KT, a Major Telecom Firm
July 3, 2021 @ 9:42 pm By Omar Faridi
KT, one of South Korea’s largest telecom companies, reveals that it will be investing KRW 23.6 billion (appr. $20.9 million) into the operations of
Webcash Group. The investment will be part of a plan to form an alliance relationship for the B2B sector.
Webcash Group is a major B2B Fintech company that offers an embedded financial management system, an embedded bookkeeping platform, an expenditure management service, and a tax management software application.
In 2020, KT introduced the B2B solution, called “KT Enterprise” and also focused on the expansion of the B2B market. Meanwhile, the Webcash Group provides different B2B Fintech services.