MOIN
MOIN is a Seoul-based, FSC-licensed cross-border payment network providing real-time remittance from South Korea to 180+ countries and inbound KRW payouts to Korean businesses, individuals, and universities via API-embedded and self-serve channels.
- Company typePrivate
- Founded2016
- HeadquartersSeoul, South Korea
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What MOIN does
MOIN is a South Korean cross-border payments company founded in 2016 and headquartered in Gangnam-gu, Seoul. It operates a licensed cross-border payment network under approvals from the Financial Services Commission and Ministry of Economy and Finance for e-finance business, cross-border remittance operations, and foreign exchange operations. The company serves two primary customer segments: individual consumers sending personal remittances from South Korea to 180+ countries, and Korean businesses including e-commerce platforms, securities firms, importers, and universities making cross-border payouts, with dedicated sub-brands at themoin.com and moinbizplus.com.
The platform is built on real-time cross-border payment infrastructure, including blockchain and stablecoin-based settlement models developed in partnership with Nium. Core technical components include a real-time processing engine (average 1-day delivery versus 2-3+ days at banks), an advanced AML system with anomaly detection and suspicious transaction reporting (recognized by FIU as the most advanced in Korean fintech), and a B2B API that embeds remittance directly into partner applications such as Mirae Asset Securities, the largest securities trading company in South Korea. The product surface covers outbound global payout from South Korea, inbound KRW payout from 45+ countries, and bulk payout workflows for corporate treasury operations.
MOIN generates revenue primarily through transaction fees and foreign exchange spreads on cross-border transfers, with a stated pricing position of 90% lower commission fees than traditional banks and no intermediary bank fees. Distribution is API-first and digital: self-serve web and mobile channels for consumers, embedded B2B API integrations for enterprise partners, and direct enterprise sales for larger corporates. The company reports serving 10,000+ businesses, 6,919+ corporate customers, and 2,560+ universities across 124+ serviced corridors, supported by ecosystem backing from the Bank Federation of Korea, KB Bank, Shinhan Bank, Hyundai Card FinBeta, Samsung C-Lab, and Google for Startups.
MOIN firmographics
Firmographics- Name
- MOIN
- Legal name
- MOIN, Inc.
- Website
- https://eng.themoin.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MOIN is a Seoul-based, FSC-licensed cross-border payment network providing real-time remittance from South Korea to 180+ countries and inbound KRW payouts to Korean businesses, individuals, and universities via API-embedded and self-serve channels.
- Ownership category
- akta.pro rank
MOIN industry classification
Industry- Product category
- Cross-Border Payments
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- akta.pro primary industry
- SME & Business Cross-Border Payments (FSAGAKAB)
- akta.pro secondary industries
- Consumer Remittances (P2P) (FSAMAIAA), Cross-Border & FX Payments Platforms (BPAMAFAK), Consumer P2P International Remittances (FSAGAKAA), Crypto-Enabled Cross-Border Transfers & On/Off-Ramps (FSAGAKAO)
Keywords
Where MOIN is headquartered
LocationHeadquarters
- HQ city
- Seoul
- HQ country
- South Korea
- HQ region
- Asia
Offices1 record
Markets served
MOIN business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Cross-Border Remittance Services: MOIN charges significantly lower fees than traditional banks for international money transfers, claiming 90% lower commission fees. Revenue is generated through transaction fees and foreign exchange spreads on cross-border transfers. The service is accessible via web and mobile app for both personal and business customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Personal Remittance - International money transfer for individuals |
| Transaction based/ take rate | Pay-as-you-go | Business Payments - Cross-border payment solutions for companies |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
MOIN product offering
Product offeringCore offering
MOIN operates a cross-border payment network that enables real-time international money transfers between South Korea and 180+ countries, charging approximately 90% lower commission fees than traditional banks. It serves individuals through a Personal Remittance product and businesses through Business Payments and a B2B API that is embedded into partner applications, including the largest securities trading company in South Korea. The company is licensed by the Financial Services Commission and Ministry of Economy and Finance for e-finance, cross-border remittance, and foreign exchange operations.
Product overview
MOIN is a South Korean fintech company offering a unified cross-border payment platform with two main products: Personal Remittance for individuals and Business Payments for companies. The platform provides global payout services from South Korea to 180+ countries and KRW payout to South Korea from 45+ countries. B2B Financial Service Integration allows partners to embed MOIN's API into their applications. Key differentiators include 90% lower fees than banks, real-time processing, and average 1-day delivery. MOIN is licensed by the Financial Services Commission and Ministry of Economy and Finance in South Korea for cross-border money transfer, foreign exchange, and e-finance operations.
Differentiator
Problem solved
Functional benefit
Brands
- Personal (themoin.com): Fast and cheap international money transfer service for individuals.
- Business (moinbizplus.com)
Products and services
- Personal Remittance
Quantifiable outcome
- 90% lower commission fees compared to traditional banks
- +3 more outcomes
Companies that use MOIN
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
MOIN technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability1 record
Feature5 records
MOIN partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- NiumcoreMOIN expanded its strategic partnership with Nium at Korea Fintech Week 2025 to enhance global remittance and settlement services for Korean consumers and businesses. The collaboration includes integration of blockchain and stablecoin-based models for faster, cheaper, and more transparent international money transfers. The partnership aims to increase transaction volumes, broaden geographic coverage, and develop innovative cross-border payment technologies including stablecoin-based models. Nium is a global real-time payments infrastructure provider.
Scale indicators9 records
Recent moves6 records
Expansion highlights6 records
MOIN competitors and assessment
Company assessmentDirect peers
- Wise (TransferWise): Global consumer and business cross-border payments platform offering multi-currency accounts and low-cost international transfers. Direct peer to MOIN on the cross-border remittance value proposition (low fees, faster settlement than banks) and on the B2B cross-border payments use case.
- Remitly: Digital remittance company focused on immigrant and consumer cross-border transfers from developed markets. Direct competitor to MOIN's Personal Remittance product, with overlapping corridors and a similar fee-led, mobile-first GTM.
- Toss (Viva Republica): Korean super-app and fintech leader offering payments, banking, and investment products domestically. Relevant peer because of shared Korean consumer fintech user base and overlap with MOIN's potential to bundle cross-border payments within a domestic wallet experience.
- Airwallex: Cross-border payments and multi-currency platform for SMEs and global businesses. Direct peer to MOIN's Business Payments product, with similar B2B API embedding and FX-led pricing model.
- Payoneer: Cross-border payments and working capital provider for SMBs, marketplaces, and freelancers. Comparable to MOIN's B2B offering for international payouts, marketplace seller settlement, and FX-conversion economics.
- Nium: Global real-time payments infrastructure platform offering cross-border payouts and remittance-as-a-service. Both a strategic partner to MOIN (per 2025 Korea Fintech Week) and a direct competitor for embedded cross-border API use cases in APAC.
- Sentbe: Korean cross-border remittance fintech serving migrant workers and individual senders from Korea. Closest direct Korean-headquartered peer to MOIN's Personal Remittance product with overlapping outbound corridors.
Broad incumbents
- Western Union: Global incumbent in cross-border money transfer and FX with the largest agent network worldwide. Competes with MOIN on Korean outbound corridors and serves similar consumer remittance needs, though with a fundamentally different agent-based model and higher fees.
- MoneyGram: Established global remittance and payments network, increasingly digital. Overlaps with MOIN on consumer cross-border transfers and provides a benchmark for incumbent pricing and corridor economics that MOIN is disrupting.
- Kakao Pay: Major Korean digital payments platform from the Kakao ecosystem, with growing cross-border and remittance ambitions. Comparable to MOIN on the Korean consumer payment flow and increasingly on cross-border transfers for Kakao users.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
MOIN social profiles
Digital presenceMOIN compliance and trust
Trust signalCompliance3 records
MOIN financial estimates
Financial estimateRevenue estimate
Valuation estimate
MOIN leadership team
Management profileNumber of profiles
Profiles2 records
MOIN funding detail
Funding detailFunding overview
Funding rounds6 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MOIN M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MOIN
What does MOIN do?
MOIN operates a cross-border payment network that enables real-time international money transfers between South Korea and 180+ countries, charging approximately 90% lower commission fees than traditional banks. It serves individuals through a Personal Remittance product and businesses through Business Payments and a B2B API that is embedded into partner applications, including the largest securities trading company in South Korea. The company is licensed by the Financial Services Commission and Ministry of Economy and Finance for e-finance, cross-border remittance, and foreign exchange operations.
Is MOIN a public or private company?
MOIN is a private company. It is classified as venture growth investor backed and is currently operating.
When was MOIN founded?
MOIN was founded in 2016. It employs 51 to 100 people.
Where is MOIN based?
MOIN is headquartered in Seoul, South Korea, in the Asia region.
How does MOIN make money?
One revenue line is on record: cross-Border Remittance Services.
Who are MOIN's main competitors?
Direct peers on record are Wise (TransferWise), Remitly, Toss (Viva Republica), Airwallex, Payoneer, Nium and Sentbe. Broad incumbents are Western Union, MoneyGram and Kakao Pay.
Does MOIN have an API?
Yes. MOIN offers API integration for its cross-border remittance solution, enabling partners to embed the service directly into their applications. The API has been integrated by major Korean financial institutions including Mirae Asset Securities (the largest securities trading company in South Korea) to enable seamless international money transfers within their apps.
What industry is MOIN in?
MOIN's product category is Cross-Border Payments. Its primary akta.pro industry code is FSAGAKAB, SME & Business Cross-Border Payments, with a secondary code of FSAMAIAA, Consumer Remittances (P2P). Its NAICS code is 52232.