Openull bags funding for BNPL platform in South Korea

South Korea-based FinTech Openull has raised an undisclosed amount in a pre-Series A funding round.

According to a report from Tech in Asia, the round saw participation from Shinhan Capital, Infobank and Block Crafters.

Founded in 2017, Openull created the first buy now pay later (BNPL) platform in the South Korean market.

The company is gearing up to launch its mobile app on the Google Pay and Apple stores in September.

Openull said it will use the capital from this round to expand its team, develop its technology and grow its user base.

South Korea-based social trading platform League of Traders recently closed its pre-Series A funding round on $2.4m.

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