KT to invest $126m in Banksalad.

Synopsis

KT, an integrated telecom and digital platform service provider, agreed to invest $126m in Banksalad, a developer of a money management application. By acquiring Banksalad, KT will be able to secure a MyData license as well as around a hundred additional fintech experts. In addition, KT can consider various new services utilizing data possessed by Banksalad.

Principals

target

BANKSALAD

bidder

Kt Corporation

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Market Context

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Seller Team (1)

kim tae-hoon

Co-Founder, Chief Technology Officer & Chief Executive Officer at BANKSALAD

Manager

target

Deal

£ 94 M

Total Value

Bidder Team (3)

ku hyeon-mo

CEO at KT CORPORATION

Investor

bidder

Deals

£ 172 M

Total Value

jin-yeun lee

Partner at KPMG

Financial Advisor

bidder

Deals

£ 1.54 B

Total Value

min-youp cho

KPMG

Financial Advisor

bidder

Deals

£ 871 M

Total Value

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