Canopy, a Korean startup providing a real-time wage settlement service, has secured seed investment from Seoul Techno Holdings. The startup previously received pre-seed funding from Hanwha Hotels & Resorts. Seoul Techno Holdings’ participation is reportedly based on its investment focus on technology-driven solutions to social issues and a positive evaluation of Canopy’s wage settlement technology and potential for financial service expansion.

Canopy enables workers to receive wages in real time based on hours worked, shifting the traditional payroll-centered financial paradigm to a user-centric “on-demand cash flow” model. The service has been adopted by major beauty and lifestyle brands’ offline stores in South Korea, including Five Guys nationwide, BMK’s Kilian, Café Monji, Astier de Villatte, Claus Porto, JULLAI, Maison Francis Kurkdjian, Frédéric Malle, and Guerlain Spa.

The platform is expanding across diverse industries, including beauty, lifestyle, food and beverage franchises, dispatch services, and manufacturing. With this investment, Canopy plans to advance its technology and accelerate domestic and international market expansion.

Sangwoo Shim, Team Leader at Seoul Techno Holdings, stated, “Canopy has built a new financial infrastructure for real-time wage settlement based on labor data. Its structural advantages, benefiting both employers and workers, are impressive. We see significant growth potential in its scalability toward Banking-as-a-Service (BaaS) and hyper-personalized finance.”Inhoo Lee, CEO of Canopy, said, “Seoul Techno Holdings’ participation is a meaningful milestone in our journey to empower workers’ financial autonomy and life timing. This investment will lay the foundation for expanding into markets with low financial accessibility, such as Southeast Asia.”