Siebert Financial offers brokerage and investment advisory services to individuals and institutional clients. Kakao Pay hopes that by investing in Siebert Financial, the company can expand its reach even further into the American market, as well as gain insights into the workings of a larger financial institution.
The acquisition of a 51% stake in Siebert by Korea’s Kakao Pay would give the company significant influence over the German startup and its technologies. Kakao Pay is already using Siebert’s services to power some of its own products, including its messaging platform and payments service, so an increased ownership will give it even more control over the industry. It’s unclear just what else Kakao Pay may do with such control, but it could perhaps use Siebert to better compete with rivals like Facebook or Google.
Kakao Pay is a well-established mobile payment player in South Korea. It offers a wide range of services, including online and offline payments, money transfer, credit rating, insurance and loan services to its users. In addition to its own products and services, Kakao Pay also collaborates with other financial institutions to offer additional benefits to its users. With the increasing popularity of mobile payments worldwide, Kakao Pay is poised for continued success in the years ahead.
Kakao Pay’s acquisition of Parade Technologies is a big move for the company, as it plans to expand to the United States and strengthen its brokerage unit, Kakao Securities. This addition will help the platform reach a larger audience and provide users with more options when paying for goods and services. The acquisition also signals Kakao’s commitment to being a dominant player in the M&A market.
Kakao’s new overseas stock trading solution promises to be user-centric, integrating the MTS services of Kakao Securities with Siebert’s brokerage infrastructure. This could make it easier for foreign fintech companies to get access to the global capital markets, including in Southeast Asia.
According to Gebbia, the partnership between Kakao Pay and Siebert will offer users an “advanced user experience” through extended market access to U.S. securities, lower securities trading fees and more. The integration of Kakao Pay’s technology expertise into Siebert’s financial services will make it easier for users to access and trade stocks, options and other investments. This strategic partnership is another example of how Korea’s dominant mobile platform is capitalizing on its resources in order to expand its reach into new markets worldwide.
This is an exciting development for Kakao Pay, as Siebert is one of the most experienced and well-known financial companies in the world. This investment will allow them to expand their business overseas, and reach a wider audience. The partnership between the two companies will offer customers more options and better experiences when it comes to paying bills and making financial transactions.
Kakao Pay is expecting to grow its presence in China further by launching its services in the country’s largest city, Beijing. The company plans to start the service by early 2018 with a targeted user base of small businesses and professionals.
Looking to capitalize on the explosive growth of the esports market and expand its presence in video gaming hardware, Zotac has announced that it has entered into a definitive agreement to be acquired by fellow graphics card manufacturer NVIDIA for $1.2 billion. With this acquisition, NVIDIA gains a powerful force within the burgeoning esports arena and solidifies its position as one of the leading providers of video gaming technology.
Kakao Pay is Southeast Asia’s leading digital payments company, with more than 300 million active users. In order to facilitate payment and commerce within their platform, Kakao Pay employs a team of 1,130 people. Their goal is to provide an easy and efficient way for users to make transactions and connect
Since joining forces with Kakao Pay, app developer Cheetah Mobile has seen significant financial resources to invest in its key business lines while leveraging the expertise and technological capabilities of one of Korea’s leading tech companies. This partnership has already provided Cheetah Mobile with new features and enhanced technology offerings, which it plans to continue expanding into other markets.
