The Venture Codex Logo

The Venture Codex

ISTN

26, Beobwon-ro 9-gil, C-dong, 901-ho, Songpa-gu, Seoul, Seoul-t'ukpyolsi, 05836, South Korea

Overview

Webcash develops business software and B2B fintech services, with flagship offerings including a cash management service (CMS) and small-business accounting software '경리나라'. The company established a B2B fintech research center and historically launched services such as convenience-store ATM and virtual account services, the first corporate internet banking, and CMS. Webcash operates local subsidiaries in China, Cambodia, and Japan to support international expansion. Recently it made a 50억 KRW strategic investment in SAP consultant ISTN to expand into the large-enterprise SAP customer market. The investment supports development and commercialization of three SAP-integrated products—WeHub for SAP (financial linkage), IHB for SAP (financial management integration), and TaxBill365 for SAP (electronic tax invoice). Webcash plans joint R&D, co-marketing to ISTN's 120+ corporate customers, and joint outreach to about 600 companies migrating to S/4 HANA by 2027, while expanding partnerships with SAP partners and group IT affiliates.

Total raised
$4M
Funding rounds
1
Latest round
Equity
Latest activity
Mar 2024

Industries

  • Consulting
  • Information Technology
  • Professional Services
Visit website

Recent funding

  1. Equity

    Mar 2024

    $4M

Team

No current team members are available.