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WireBarley Named to the 2022 CB Insights’ Fintech 250 List
Cross-border payment solution provider WireBarley Corp. was named a winner of the fifth-annual CB Insights Fintech 250 ranking, a prestigious list of the 250 most promising private fintech companies of the year.
WireBarley has been recognized for its achievements in the Mobile Wallets & Remittances section. Among South Korea-based financial services platforms, WireBarley and Toss have been selected as the winners of this year.
Established in 2016, WireBarley has expanded its presence among immigrants and students living abroad with its easy and low-cost mobile remittance service. WireBarley currently offers over 520 corridors for personal overseas remittance with 12 outbound and 45 inbound countries. WireBarley also offers cross-border remittance services for businesses of all sizes with strong compliance management system and FX transaction capability.
WireBarley has expanded its overseas remittance-focused service to a cross-border payment service by launching the ‘WireBarley Global Card’ in Korea in partnership with Visa since July 2022. The company has been selected into Visa Fintech Fast Track Program and acquired principal membership with Visa.
“We’re honored to be recognized by CB Insights Fintech 250 list for the first time,” said John Yoo, CEO of WireBarley Corp. “As one of Asia’s leading fintech companies, WireBarley has been solving pain points for more than 650,000 customers and 2,000 businesses worldwide. We will continue to deliver accelerated growth, disruptive innovation, and financial inclusion to enable convenient and borderless financial services around the world.”
Through its efforts, WireBarley has been selected as the winner of the Financial Inclusivity sector at the G20 Digital Innovation Network (DIN) forum held in Bali, Indonesia in early September.
“This year’s Fintech 250 winners are shaping the future of financial services, from payments and banking to investing and insurance,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “Representing more than 30 countries, these companies are creating safer and more efficient payment methods, and transforming how traditional banking, insurance and investing products are delivered. Together, they not only make financial services more convenient for users, but also make them available to more people, especially traditionally underserved populations around the globe.”
The CB Insights research team selected these 250 winners from a pool of over 12,500 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 of Analyst Briefings submitted by applicants.
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