Utransfer Raises $4M in Funding

U Fintech Hub

U Fintech Hub, a Seoul, South Korea-based fintech company, raised $4M in funding.

The round was led by Forest Partners.

The company intends to use the funds to further develop innovative products and solutions.

Led by Jaepyo Lee, CEO, U Fintech Hub operates global remittance platform “Utransfer,” which specializes in B2B and C2C remittance services, local payouts, money exchange services, and a range of other business scopes related to foreign currencies. The company is a licensed “Electronic financial business operator,” “Overseas Remittance service provider,” and “Online exchange Business operator.”

FinSMEs

06/07/2023