U Fintech Hub, a Seoul-based financial technology (fintech) company in South Korea, has secured $4 million in funding. Forest Partners led the funding round, which will be utilized to further enhance the company's innovative products and solutions.
U Fintech Hub operates Utransfer, a remittance platform that specializes in business-to-business and customer-to-customer remittance services, local payouts, money exchange services, and various other business operations related to foreign currencies. The company holds licenses as an electronic financial business operator, overseas remittance service provider, and online exchange business operator.