Name

ICB

Legal name

주식회사 아이씨비

Website

https://icbnet.co.kr

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

ICB is a Seoul-based cross-border fintech serving as the official Korean partner for Alipay and WeChat Pay. It offers integrated payments, trade settlement, export logistics, prepaid cards, and the DEBUNK consumer remittance app to Korean merchants, exporters, and individuals.

Ownership category

akta.pro rank

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Cross-Border Payment Processing: Revenue generated from processing international payments through Alipay, WeChat Pay, and other payment networks for Korean merchants serving Chinese consumers
2. Remittance Services: Fees from overseas remittance services through the DEBUNK mobile application
3. Trade Settlement Services: GOS and BtoX services providing integrated order and settlement for international trade transactions

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

ICB operates a cross-border fintech platform delivering payment processing, international remittance, trade settlement, export logistics, and customized prepaid card services. The company is the official Korean partner for Alipay and WeChat Pay, enabling Korean merchants to accept major Chinese consumer payment methods through a single integration, and supports additional Asian payment networks including KakaoPay, ThaiQR, and PayNow. The consumer-facing DEBUNK mobile app provides overseas remittance services directly to individuals.

Product overview

ICB operates as a cross-border fintech platform offering a portfolio of payment, settlement, logistics, and financial services. The core offerings include Global Payment (aggregating Alipay, WeChat Pay, KakaoPay, TaiQR, and PayNow), GOS (trade order and settlement), BtoX (real-time trade payments), ZEPLIN (export logistics and settlement), and CLEMO (custom prepaid cards). The company also operates DEBUNK, a consumer-facing overseas remittance mobile app. These products are designed to serve the Earth Nation Market vision of connecting global commerce through integrated financial services.

Differentiator

Problem solved

Functional benefit

Brands

• DEBUNK: Cross-border remittance service operated directly by ICB
• ZEPLIN
• CLEMO
• BtoX
• GOS
• Global Payment

Products and services

• Global Payment (글로벌결제) Cross-border payment service enabling Korean merchants and e-commerce platforms to accept Alipay, WeChat Pay, KakaoPay, ThaiQR, and PayNow through a single integrated platform, primarily for Chinese e-commerce transactions.
• GOS (Global Order & Settlement) Integrated trade transaction settlement service that connects overseas buyers with domestic Korean distribution companies, handling the workflow from order placement to payment settlement.
• BtoX (비탁스) Real-time trade payment service that eliminates currency exchange risk and time-zone constraints for cross-border business transactions between Korean companies and overseas counterparties.
• ZEPLIN (제플린) Cross-border logistics and settlement service for Korean exporters that combines international logistics with payment processing in a single integrated solution.
• CLEMO (클레모) Customized prepaid card service that issues ICB-branded cards tailored to specific customer use cases.
• DEBUNK (디벙크) Mobile overseas remittance application operated directly by ICB, providing fast and secure international money transfer services to individual consumers. Available on Google Play Store and Apple App Store.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Alipay (알리페이)coreTechnology or IntegrationICB is an official Korean partner for Alipay, enabling Korean businesses to accept Alipay payments from Chinese consumers. This partnership forms a core part of ICB's cross-border payment services.
• WeChat Pay (위챗페이)coreTechnology or IntegrationICB is an official Korean partner for WeChat Pay, providing integrated payment acceptance for Chinese consumers using WeChat Pay at Korean merchants.

Recent moves2 records

Direct peers

• PayerMax: Cross-border payment processor focused on Asia and emerging markets, providing merchants with multi-currency acceptance and payout infrastructure. Comparable to ICB's cross-border B2B and merchant payment processing franchise.
• Airwallex: Global cross-border payments and FX platform serving SMEs with multi-currency accounts and international payment acceptance. Comparable to ICB in cross-border B2B payment model, target customer (SMEs/exporters), and Asian corridor focus.
• Payoneer: Cross-border B2B payment platform serving SMBs, exporters, and marketplaces with international receiving and settlement. Comparable to ICB's BtoX and ZEPLIN cross-border trade settlement offerings for SMEs and exporters.
• LianLian Global: Chinese-headquartered cross-border payments provider serving merchants, exporters, and platforms with collection and settlement services. Closely comparable to ICB in trade settlement and cross-border B2B payment offerings.
• Wise: Global cross-border money transfer and multi-currency account provider. Comparable to ICB's DEBUNK remittance service on consumer-grade international money movement, though at significantly larger global scale.
• KSHER: Asia-focused cross-border payment gateway enabling merchants to accept Alipay, WeChat Pay, and other Asian payment methods. Highly comparable to ICB's Global Payment service in business model, customer type (merchants serving Chinese consumers), and technology stack.

Broad incumbents

• Naver Pay: Korean digital payment service operated by Naver, offering online and offline payments plus remittance. A broad incumbent peer overlapping with ICB's consumer payment and remittance product set in Korea.
• KakaoPay: Korea's largest mobile payment platform offering payments, remittance, and consumer financial services. A domestic incumbent in payments that competes with ICB's remittance and payment offerings in the Korean market.
• Toss: Korean fintech super app spanning payments, remittance, lending, and investing. Comparable on consumer remittance (vs DEBUNK) and broader payment acceptance, with a much larger domestic user base.

Regional players

• 2C2P: Southeast Asia payment gateway offering merchant acquiring, cross-border payments, and alternative payment method aggregation. Comparable to ICB's Global Payment aggregation model but operating primarily across SE Asia rather than Korea-China.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICB