Features, Benefits and How it Works
Kakaobank is a South Korean neobank founded in 2016. It operates as a fully digital bank with no physical branches, offering a range of financial services, including savings accounts, personal loans, credit cards, and payment solutions, all accessible through its mobile app.
As a subsidiary of Kakao Corporation, the company behind the popular messaging app KakaoTalk, Kakaobank leverages this ecosystem to provide seamless financial services to users.
Overall, its user-friendly interface, low fees, and convenience make it an attractive option, especially for younger, tech-savvy consumers. Currently, Kakaobank focuses exclusively on the South Korean market, but its success has made it a leading name in the global neobanking space.
Founded: 2016
Headquarters: Pangyo, South Korea
Users: +20 million
Countries available: South Korea
Account plans: checking and savings accounts for personal users