Lightspeed’s investment of $10 million in Travel Wallet’s fintech company marks the venture capital (VC)’s first investment in a South Korean firm. Travel Wallet is also attracting capital for the first time from a global VC according to their press release.

Lightspeed is an American-based global venture firm that manages approximately $25 million of assets worldwide. Lightspeed, a venture capital firm renowned for its investments in enterprise startup companies, has expanded its portfolio to include startups that have significant competitive advantages in the enterprise, consumer healthcare, and fintech industries.

Pinn Lawjindakul is a Partner at Lightspeed. He said: “We heard a great deal of positive feedback from practitioners in the industry and we’ve seen real customer love among Travel Wallet users.” We were very impressed with the team’s expertise in the foreign currency market and payment technologies. Travel Wallet has developed innovative technology that extends beyond B2C to B2B. The company is excited to leverage Lightspeed’s network of global offices to support its next phase of expansion.

“Our cloud-based technology is gaining worldwide recognition.” Our technology is better understood abroad than in Korea. We plan to actively pursue our international expansion with global partners like Lightspeed,” said Hyoungwoo, CEO of Travel Wallet.

Travel Wallet has transformed daily travel experiences. It has already achieved a cumulative

According to the press release, the transaction amount was over 3 trillion KRW ($2173M).