Hecto Financial Co., Ltd.
KKRX:23434019,770.00
KRW
-60.00
(-0.30%)
ISIN
KR7234340008
Return %
Stock
S&P 500
1Y
23.25
14.39
3Y
105.08
81.42
5Y
-11.08
68.62
Capital Structure
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in mil. unless spec.Working Capital
KRW
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in mil. unless spec.Growth Rates
KRW
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in mil. unless spec.Quarterly Revenue
KRW
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
KRW
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in mil. unless spec.Company Description
- CEO
- Jong-Won Choi
- Full Time Employees
- 222
- Sector
- Commercial services
- Industry
- Miscellaneous commercial services
- Address
- Seoul South Korea
- IPO Date
- Jul 12, 2019
- Website
- hectofinancial.co.kr
- Similar Companies
- Business
- Hecto Financial Co., Ltd. (KRX: 234340), formerly known as SettleBank Co., Ltd., is a South Korea-based financial technology company primarily engaged in the provision of electronic payment gateway, real-time banking settlement, and digital financial infrastructure solutions. Founded in October 2000 and headquartered in Seoul, South Korea, the company operates as the flagship fintech affiliate of Hecto Group, operating in close coordination with Hecto Innovation Co., Ltd. The company provides specialized financial transaction services to public institutions, local governments, tier-one financial institutions, major e-commerce platforms, and global enterprise merchants. Hecto Financial classifies its core operations into several primary business segments: Virtual Account Services, providing real-time dedicated virtual bank account generation, automated billing reconciliation, and collection infrastructure for national taxes, municipal levies, utility bills, and corporate accounts receivable; Easy Cash Payment Services, offering real-time account-to-account simple payment and direct banking settlement infrastructure integrated with top-tier digital wallets, payment gateways, and leading e-commerce platforms; Payment Gateway (PG) Solutions, delivering multi-channel online and mobile payment processing for credit cards, debit cards, mobile telecommunications carrier billing, electronic gift certificates, and integrated merchant checkouts; Electronic Bill Presentment and Payment (EBPP) Services, managing automated giro processing, electronic direct debit mandates, and public administrative clearing systems; 010PAY Consumer Platform, a proprietary mobile fintech lifestyle application offering 010PAY Money prepaid balances, co-branded payment cards, gamified reward programs, transport card functions, and digital voucher distribution; and Data and Value-Added Services, encompassing MyData-licensed personal financial management, identity verification, account authentication, fraud detection systems, and merchant transaction analytics. In recent developments, the company completed a comprehensive corporate rebranding from SettleBank Co., Ltd. to Hecto Financial Co., Ltd. to unify group branding and accelerate its transformation into a total platform and data-driven financial enterprise; expanded its global cross-border payment operations through strategic partnerships with international e-commerce platforms, digital content providers, and overseas payment networks to deliver direct local currency acquiring and cross-border settlement; scaled its 010PAY mobile ecosystem through expanded merchant acceptance and upgraded financial product offerings; and formed strategic alliances with domestic securities firms and digital finance consortia to construct underlying virtual account, escrow, and real-time payment settlement infrastructure for Security Token Offerings (STOs) and next-generation digital asset ecosystems.