GmoneyTrans

What GmoneyTrans does

GmoneyTrans Corporation (지머니트랜스 주식회사) is a Seoul-based, privately held fintech founded in 2016 by Kim Jong Moo (김종무) that operates a mobile-first international remittance and e-payment platform aimed primarily at foreign migrant workers in Korea. The company built its market position by obtaining Korea's first remittance license in 2017, then expanding its destination-country network to 175+ corridors with country-specific landing pages and native-language support across 17 diaspora communities including China, Vietnam, the Philippines, Bangladesh, Myanmar, Pakistan, Uzbekistan, and Indonesia. Its technology stack centers on iOS and Android apps (GmoneyTrans, plus the GmoneyPay multi-function finance account and GmoneyCard payment/transportation card in Premier, Dream and Welcome variants) that deliver claimed 5-minute global transfers, cardless ATM withdrawals via one-time codes, mobile recharge (domestic and international), and domestic transfers to all Korean banks, with local-payout integrations through Alipay, WeChat, bKash, MOMO, GCash, UnionPay and Easypaisa.

The business model is transaction-fee based across five streams: international money transfers, Gmoney Card services, mobile recharge commissions, domestic bank transfers, and cash deposit/withdrawal services at convenience stores and partner ATMs. Trust is reinforced by a 15 billion KRW guarantee insurance wrapper from Seoul Guarantee Insurance that protects customer prepaid balances under Korean e-financial transaction rules. Distribution is mobile-app-led self-service supported by four physical branches (Seoul head office, Dongdaemun, Ansan, Gimhae) and a referral program that pays points redeemable at a voucher/event mall. The company claims over 150 staff in Korea, a CEO-stated annual turnover of USD 1 billion (interpreted as pass-through transaction volume rather than net revenue), and a Q1 2026 prepaid load balance of KRW 14.48 billion disclosed in regulatory filings. Only one institutional funding round is on record (HB Investment in 2018, amount undisclosed), and the company remains founder-operated with no parent company or disclosed external ownership.

Name

GmoneyTrans

Legal name

지머니트랜스 주식회사 (GmoneyTrans Corporation)

Website

https://gmoneytrans.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Cross-Border Remittance & E-Payment Services

akta.pro primary industry

Consumer Remittances (P2P) (FSAMAIAA)

akta.pro secondary industries

International Money Transfer Operators (MTOs) (FSAMAIAE), Consumer P2P International Remittances (FSAGAKAA), P2P Transfers & Remittances Platforms (BPAMAFAE)

Keywords

• Cross-border remittance
• International money transfer
• Migrant worker payments
• Prepaid payment cards
• Mobile e-payment services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. International Money Transfers: Fees charged for cross-border money transfers to over 175 countries worldwide. Transaction-based revenue model.
2. Gmoney Card Services: Revenue from prepaid card services including Premier, Dream, and Welcome cards with various insurance packages and benefits
3. Mobile Recharge: Commissions from recharging mobile phones domestically in Korea and internationally for overseas numbers
4. Domestic Transfers: Fees for domestic money transfers to all banks in Korea
5. Cash Deposit/Withdrawal Services: Fees for depositing cash at convenience stores, ATMs, and cardless withdrawal services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

GmoneyTrans is a mobile-first financial services platform headquartered in Seoul that provides international money transfer services to over 175 countries, primarily serving foreign migrant workers in South Korea. Beyond remittance, the company operates GmoneyPay, a multi-function finance account enabling domestic transfers, cash deposits, cardless ATM withdrawals, and mobile recharge, as well as Gmoney Card prepaid payment and transportation cards (Premier, Dream, Welcome variants).

Differentiator

Problem solved

Functional benefit

Brands

• GmoneyPay: Multi-function finance account service enabling receive money, domestic transfer, card payment, and mobile recharge functions.
• GmoneyCard

Products and services

• Global Money Transfer International money transfer service from South Korea to over 175 countries worldwide via mobile app; targets foreign migrant workers sending funds home and Korean residents with overseas remittance needs.
• GmoneyPay Multi-Function Finance Account Integrated financial account that allows users to receive money from any Korean bank, deposit cash at convenience stores and ATMs, send domestic bank transfers, make card payments, and recharge mobile phones; available to GmoneyTrans customers in Korea.
• Gmoney Card (Premier / Dream / Welcome) All-in-one prepaid payment and transportation card available in Premier, Dream, and Welcome variants, bundled with accident and salary compensation insurance packages (up to 40M KRW accident coverage) for cardholders in Korea.
• Domestic Bank Transfer

Quantifiable outcome

• Transfer to worldwide in 5 minutes
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Seoul Guarantee Insurance (서울보증보험)coreStrategic or Co-development Partner · 1 January 2017Insurance partnership for prepaid load protection. Seoul Guarantee Insurance provides guarantee insurance coverage of 15 billion KRW to protect customer funds held in GmoneyPay accounts, in compliance with Korean electronic financial transaction regulations.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• WireBarley: WireBarley is a Korean fintech offering international money transfers from Korea to ~50 countries via a mobile app, positioning itself on competitive FX and fees. It serves the same migrant and diaspora customer base with a similar mobile-first product experience.
• Hanpass: Hanpass is a Korea-headquartered cross-border remittance and FX fintech with mobile app and dedicated focus on Korean outbound remittance corridors. Directly comparable in regulation, target customer, and corridor coverage to GmoneyTrans.
• Wise (TransferWise): Wise is a global digital remittance and multi-currency account platform serving 160+ countries, including Korea, with mid-market FX and low-fee transfers. Increasingly competing for Korea outbound migrant and expat remittance.
• SentBe: SentBe is a Korean-licensed mobile remittance app serving migrant workers in Korea with transfers to 60+ countries. It is GmoneyTrans's closest direct competitor by customer segment (Korea migrant senders), corridor mix (Asian-focused), and product form (mobile-first P2P).
• CrossEn (CrocsEn / 크로스앤): CrossEn is a Korean licensed MTO offering outbound remittance from Korea, with mobile app and multi-corridor coverage. It competes head-to-head with GmoneyTrans for Korea-anchored P2P remittance volume, especially to Southeast Asia.
• Sendwave: Sendwave is a mobile-first remittance app focused on migrant corridors from developed markets to Africa and Asia. Comparable for product form, target customer (migrant senders), and corridor overlap with GmoneyTrans's Philippines and South Asia lanes.
• Remitly: Remitly is a US-headquartered digital MTO serving send markets including Korea, with mobile-first send-to-mobile in 170+ corridors. Comparable for product form and corridor breadth, and increasingly relevant as it expands in the Korean send market.

Broad incumbents

• Western Union (Digital): Western Union is the world's largest MTO with cash-pickup and digital send in 200+ countries and active in Korea outbound corridors. It competes with GmoneyTrans across most of the same corridors but with broader portfolio beyond just Korea-anchored P2P.
• MoneyGram: MoneyGram is a global MTO operating digital and agent-led transfers across 200+ countries. It overlaps with GmoneyTrans on Korea outbound corridors but serves a broader global customer base from many send markets.

Emerging players

• Talk Remit (iRemit / EU-based Korean apps): Talk Remit is an emerging mobile remittance player focused on Korea-to-Philippines and select Asian corridors. Comparable as a niche, single-product digital MTO serving overlapping corridors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@Gmoneytrans
• Facebookfacebook.com/GmoneyTrans
• Xx.com/GmoneyTrans
• LinkedInlinkedin.com/company/gmoneytrans

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about GmoneyTrans