[Korean Startup Weekly News #54] Allra Fintech Closes $9.1M Series B Funding to Expand Early Payment Services

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Catch up on last week’s top stories from the startup ecosystem in the Korean Startup Weekly News.

Headline

Allra Fintech Closes $9.1M Series B Funding to Expand Early Payment Services
Korean startup Allra Fintech raised $9.1M in Series B funding, led by KB Kookmin Card. The funds will expand its early payment service and support global and traditional market entry by 2025. 

Latest Funding News

Check out the latest funding news for Korean startups

Mediqstar Secures Series A Investment from Pathfinder H to Expand AI Tuberculosis Diagnostics and AI CRO Business
Mediqstar secured Series A funding from Pathfinder H to expand its AI tuberculosis diagnostics and AI CRO business globally, aiming to improve public health and revolutionize clinical trials.

Airbility Secures $2.1 Million in Pre-Series A Funding to Propel Air Mobility Solutions
Airbility secures 2.1M pre−Series A funding, totaling 3.1M. Funds will boost technology development and global market entry. It plans to showcase AB-0 drone at Busan’s Drone Show Korea. 

Studio Galilei Secures Pre-Series A2 Funding to Expand Global DRT Mobility Services
Studio Galilei secured Pre-Series A2 funding to expand its DRT mobility services globally, targeting markets in Japan and Thailand while strengthening domestic operations and R&D capabilities. 

Seoul Techno Holdings Backs NanumVitamin’s Vision for Hyper-Personalized Welfare Solutions
NanumVitamin secured pre-Series A funding to expand its AI-driven hyper-personalized welfare platform, empowering beneficiaries and redefining donations and welfare through innovative CSR solutions. 

VIVIDENT Gains $1.5M Funding to Revolutionize Virtual Character IP with Generative AI
VIVIDENT, a South Korean AI startup, raised $1.5M in seed funding to develop *MoeLive*, an interactive platform featuring AI-powered virtual characters blending anime and K-pop culture. 

Vivalabs Secures Seed Funding from Hyperconnect Founder to Revolutionize Senior Fitness
Vivalabs, a Korean health-tech company, secured seed funding from Hyperconnect founder Sang-il Ahn to expand its AI-powered senior fitness solutions, focusing on premium centers and nationwide franchise growth.

Regtech Startup Onclev Raises Seed Funding to Combat Money Laundering and Fraud
Onclev, a Korean regtech startup, secured seed funding to enhance AI and blockchain-powered crime prevention, strengthen collaborations with institutions, and promote a transparent financial ecosystem.

Prediction Secures Seed Funding from Bluepoint for EV Battery Diagnostic Solutions
Prediction, a South Korean startup, secured seed funding for its AI-powered EV battery diagnostic technology, enabling fast, cost-effective diagnostics during charging and targeting the growing $1.37 billion global market. 

Tect Group Secures Seed Funding to Launch Global Skincare and Makeup Brands

Tect Group secured seed funding from BASS Ventures and Kakao Ventures to launch innovative global skincare and makeup brands, leveraging agile marketing and IT expertise to redefine K-beauty. 

Kworkpartners Secures USD 600K Seed Investment for Foreigner Support Platform ‘Kstart’
Kworkpartners secured USD 600 million in seed funding for Kstart, a platform supporting foreign workers and students in Korea. The investment will expand services to enhance foreigners’ integration into Korean society. 

SkinSeoul Raises Funds from 500 Global to Scale AI-Driven K-Beauty Platform
SkinSeoul, an AI-driven cross-border e-commerce startup, secured pre-seed funding from 500 Global and Blueprint Ventures to expand globally, advance AI technology, and revolutionize the K-beauty industry. 

Korean Startup Interview

Meet startups that are striving for global expansion through exclusive interviews

[Korean Startup Interview] Deepvisions: Revolutionizing Air Pollution Monitoring with AI-Powered Vision Technology
Deepvisions’ ‘Vision Plus’ uses CCTV to measure particulate matter with 85-90% accuracy, offering a cost-effective, real-time solution for various sectors.

[Korean Startup Interview] From Text to CAD: How Herewe’s EaseAI Is Revolutionizing Product Design
Herewe’s EaseAI revolutionizes manufacturing by swiftly converting text or sketches into CAD designs. Backed by major clients and global investors, the company is expanding into the U.S. market.

Others

Yanolja Showcases Vertical AI at Davos Forum, Pushing Global Travel Tech Leadership
Yanolja joins Davos Forum to showcase AI-driven travel innovations, aiming to strengthen global partnerships and promote its vision. CEO Jongyoon Kim will discuss vertical AI’s role in travel, lodging, and leisure.

Seoul AI Hub Showcases Korean AI Startups at CES 2025, Highlighting Innovation and Global Potential
Seoul AI Hub supported 23 Korean AI startups at CES 2025, showcasing innovations in content automation, healthcare, and advertising. Multiple startups won awards, highlighting their global potential and advancing AI’s role across industries.

Below are interviews with ten startups participating in the ‘K-Startup Grand Challenge,’ a program designed to assist international startups in entering the Korean market.

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