Han Pass, the fintech company focused on providing financial services to foreign residents, has secured KRW 10 billion in Series D investment from the Korea Development Bank. The latest funding round comes just one year after the company’s Series C investment and will fuel Han Pass’s ambitious expansion plans both domestically and internationally.
Founded in 2017, Han Pass has demonstrated consistent growth through multiple investment rounds, including a KRW 2 billion pre-Series A round in 2018, KRW 11.7 billion in Series B funding in 2019, and a KRW 11 billion Series C investment from JB Financial Group, Jeonbuk Bank, and JB Investment in 2024.
The fresh capital will support Han Pass’s strategy to evolve beyond remittance services into a comprehensive super app addressing various financial needs of foreign residents, including job search capabilities, loan comparison features, and mobility solutions.
The company is accelerating its global footprint, with plans to establish licensed remittance subsidiaries in more than ten countries by 2027. Currently operating in Japan and Australia, Han Pass intends to open additional branches in Dubai, the United States, Singapore, France, and the United Kingdom. The company will leverage this investment to prepare for an initial public offering in the near future.