Share this article
South Korea's Shinhan Bank Backs Blockchain Startup's $2 Million Round
South Korean blockchain remittance provider Streami has closed a $2m seed round that included funding from Shinhan Bank.
Updated Sep 11, 2021, 12:02 p.m. Published Dec 24, 2015, 3:11 p.m.
Blockchain remittance startup Streami has closed a $2m seed funding round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Despite the startup's newcomer status, however, its backers to date include Shinhan Bank, one of South Korea's largest financial services providers. The bank committed ₩500m (roughly $427,000) to the funding round.
Streami also drew support from Shinhan Data Systems, an IT entity within Shinhan; ICB, a payments firm known for working with Asian e-commerce giant Alibaba; venture firm Bluepoint Partners, and a group of angel investors.
By targeting the Asian remittance market from South Korea to China, including markets such as Philippines, Hong Kong, Indonesia, Singapore and Thailand, Streami seeks to help people bypass illegal money transmission services in the area.
Junhaeng Lee, CEO and founder, told CoinDesk via email:
"Streami's main competitors, as of now, are traditional remittance service providers in general and illegal money transmitters that are estimated to take up significant Korea-outbound remittances market share."
"Streami will bring trusted, regulated liquidity into the crypto networks," he added.
The funding, Lee told CoinDesk, will be used to open branches in cities beyond Seoul and recruit new talent.
Although the startup is pre-revenue, it said it plans to eventually do so by taking service fees from institutional clients.
ICB CEO Han Yong Lee told CoinDesk that his firm took part in the round to facilitate further exploration of the technology.
"We hope to provide better services with blockchain-based foreign currency remittance FinTech services and collaboration with Streami. Moreover, we made an investment in Streami because we believe in their potential," he said.
South Korea image via Shutterstock.
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
Lo que debes saber:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
