NEW YORK — April 22, 2026
Executive Summary
MoonPay has entered into a strategic investment agreement alongside Sungho Electronics and its controlling shareholder Seoryong Electronics to invest in Finger, a first-generation fintech firm in South Korea. The approximately KRW 110 billion (~$76 million) transaction also includes participation from Pantos Holdings. The initiative is designed to lay the groundwork for a Korean won-denominated stablecoin ecosystem, spanning issuance, orchestration, and real-world commercial usage. The collaboration aims to combine MoonPay’s global crypto payments infrastructure with Finger’s domestic financial software network, enabling new digital financial services across both consumer and corporate segments.
Announcement Overview
MoonPay, a global crypto payments network, has formalized an agreement with Sungho Electronics and Seoryong Electronics to jointly invest in Finger, a South Korea-based fintech company with deep integration across the country’s financial ecosystem. The deal is valued at approximately KRW 110 billion (around $76 million) and represents a coordinated effort to establish a foundational infrastructure for Korean won stablecoin development and deployment.
The investment includes Pantos Holdings, a strategic investor wholly owned by Koo Bon-ho, a member of the LG founding family and a former major shareholder of LX Pantos, the logistics division of LX Group. Through this multi-party investment structure, the participating entities aim to integrate stablecoin issuance capabilities, financial software infrastructure, and enterprise-level transaction systems into a unified operational framework.
The initiative focuses on enabling stablecoin-based financial operations, particularly in areas such as corporate trade payments, ERP integration, and digital settlement systems, thereby extending stablecoin utility beyond traditional crypto-native use cases into real-world financial applications.
Key Announcement Details
Investment Structure and Parties Involved
- Announcement Type: Strategic joint investment to establish a Korean won stablecoin ecosystem
- Announcement Date: April 22, 2026
- Lead Participant: MoonPay
- Co-Investor: Sungho Electronics
- Controlling Shareholder Participant: Seoryong Electronics
- Additional Strategic Investor: Pantos Holdings
- Target Company: Finger
- Deal Value (KRW): Approximately KRW 110 billion
- Deal Value (USD): Approximately $76 million
- Deal Description: Landmark investment transaction combining fintech, payments, and corporate infrastructure capabilities
- Transaction Nature: Multi-party agreement aligning financial, technological, and strategic capabilities
- Announcing Entity: Moonpay
Stablecoin Ecosystem Development Scope
- Primary Objective: Build Korean won-denominated stablecoin ecosystem
- Coverage Scope: End-to-end lifecycle from issuance to real-world usage
- Issuance Layer: Enabled through MoonPay infrastructure
- Orchestration Layer: Managed through MoonPay systems
- Usage Layer: Real-world applications including enterprise financial transactions
- Strategic Positioning: Bridge between digital assets and traditional financial systems
Technology Integration and Infrastructure Design
Core Infrastructure Combination
- MoonPay Contribution: Stablecoin issuance and orchestration infrastructure
- Finger Contribution: Domestic financial software network
- Integration Goal: Combine global crypto payments systems with local financial infrastructure
- Outcome Objective: Enable scalable and interoperable financial services
ERP and Payment Integration
- ERP Solution Name: Pharos
- ERP Type: Cloud-based enterprise resource planning system
- Integration Focus: Link ERP financial accounting data with payment infrastructure
- System Linkage: Connect Pharos ERP with MoonPay payment rails
- Operational Result: Automated and integrated financial workflows
Enterprise Financial Use Cases
- Primary Application: Stablecoin-based settlement for corporate trade payments
- Target Segment: Corporate and enterprise financial services
- Operational Goal: Enable digital settlement across enterprise systems
- Functional Benefit: Align accounting systems with payment execution
Ownership and Governance Adjustments
- Post-Transaction Largest Shareholder: Seoryong Electronics
- Existing Controlling Shareholder: Park Min-soo
- Post-Transaction Role: Remains key shareholder
- Advisory Role: Will serve in advisory capacity to management
- Governance Outcome: Continuity of leadership with strategic investor alignment
Corporate Structure and Strategic Positioning
Seoryong and Sungho Electronics Relationship
- Ownership Control: Seoryong Electronics controls Sungho Electronics
- Ownership Concentration: Park Sung-jae holds 100% stake in Seoryong Electronics
- Executive Leadership: Park Sung-jae serves as CEO of Sungho Electronics
Strategic Expansion Approach
- Sungho Strategy: Business diversification through mergers and acquisitions
- Seoryong Action: Direct investment participation to secure growth opportunities
- Growth Objective: Develop new business engines through acquisitions
Finger Company Profile and Operational Capabilities
Foundational Details
- Established Year: 2000
- Industry Position: First-generation fintech company in Korea
- Core Role: Provider of financial software powering banking systems
Technology Reach and Adoption
- User Base Scale: Supports mobile banking applications used by tens of millions of Koreans
- Integration Depth: Embedded across major banking institutions
Banking Clients
- Client Institution: Shinhan Bank
- Client Institution: KB Kookmin Bank
- Client Institution: KakaoBank
- Client Institution: NongHyup Bank
- Client Institution: IBK Industrial Bank
Public Sector Clients
- Institution: National Pension Service
- Institution: Korea Minting and Security Printing Corporation
Flagship Platform
- Platform Name: Full Banking
- Platform Type: Financial platform solution
Platform Functional Capabilities
- Capability: Account inquiry services
- Capability: Funds transfers
- Capability: Payment processing
- Capability: Asset management
- Capability: Integrated account aggregation
- Capability: Simple payment services
Financial Metrics
- Annual Revenue: KRW 91.6 billion
- Operating Profit: KRW 1.4 billion
Strategic Synergies of the Investment
- MoonPay Role: Provide global crypto payments and stablecoin infrastructure
- Finger Role: Provide domestic financial software and banking integrations
- Combined Objective: Deliver integrated digital financial ecosystem
- System Outcome: Connect blockchain infrastructure with traditional financial systems
MoonPay Company Details
Foundational Information
- Founded Year: 2019
- Company Type: Global financial technology company
Customer and Market Reach
- Customer Base: More than 30 million users
- Geographic Presence: Operations in 180 countries
- Enterprise Clients: More than 500 enterprise customers
Product and Service Capabilities
- Capability: Fiat-to-crypto ramps
- Capability: Digital asset trading
- Capability: Commerce integrations
- Capability: Stablecoin infrastructure
Regulatory and Licensing Framework
- License: New York BitLicense
- Charter: New York Limited Purpose Trust Charter
- Licensing Coverage: Money transmitter licenses across the United States
- Regulatory Authorization: MiCA authorization in the European Union
Infrastructure Role
- Core Function: Connect traditional payment systems with blockchain networks
- Operational Scope: Enable movement of value across fiat and digital assets
Pantos Holdings Strategic Context
- Ownership: Wholly owned by Koo Bon-ho
- Family Association: Member of the LG founding family
- Previous Ownership Role: Former major shareholder of LX Pantos
- LX Pantos Role: Logistics arm of LX Group
- Investment Role: Strategic participant in the transaction
Executive Statements and Strategic Intent
MoonPay Leadership Statement
- Executive Name: Lee Bugeon
- Position: Founding Executive and Head of Asia
- Statement Focus: Integration of MoonPay infrastructure with Finger network
- Strategic Message: Establish foundation for full Korean won stablecoin ecosystem
- Scope Mentioned: From issuance to real-world usage
Sungho Electronics Leadership Statement
- Executive Name: Park Sung-jae
- Position: CEO
- Statement Focus: Development of next-generation digital financial services
- Integration Objective: Connect ERP-based accounting data with payment infrastructure
Strategic and Market Outcomes
- Primary Outcome: Establish stablecoin infrastructure within Korea
- Financial System Impact: Integrate digital assets into real-world financial usage
- Enterprise Impact: Enable stablecoin-based corporate settlement systems
- Technology Outcome: Link ERP systems with blockchain payment infrastructure
- Market Impact: Expand digital financial services capabilities
Structure and Strategic Composition of the Investment
Multi-Party Investment Framework
The transaction involves multiple entities contributing to the strategic direction and capital structure of the investment:
- MoonPay brings its stablecoin issuance and orchestration infrastructure
- Sungho Electronics participates as a KOSDAQ-listed corporate investor
- Seoryong Electronics, as the controlling shareholder, plays a direct investment role
- Pantos Holdings contributes as a strategic financial investor
This structured collaboration is designed to align financial technology capabilities, corporate investment strategies, and infrastructure deployment, forming a cohesive foundation for future stablecoin-related developments within South Korea.
Ownership and Governance Changes
Following the completion of the transaction:
- Seoryong Electronics will become the largest shareholder of Finger
- Park Min-soo, current vice chairman and controlling shareholder of Finger:
- Will remain a key shareholder
- Will transition into an advisory role to management
This governance structure ensures continuity in leadership while introducing new strategic direction through the incoming investors.
Finger’s Role in the Korean Financial Ecosystem
Established Fintech Infrastructure Provider
Founded in 2000, Finger is recognized as one of South Korea’s early fintech innovators, with technology embedded across a wide range of financial institutions and services. Its platforms support mobile banking applications used by tens of millions of users across the country.
Key Institutional Clients
Finger’s client network includes major financial institutions such as:
- Shinhan Bank
- KB Kookmin Bank
- KakaoBank
- NongHyup Bank
- IBK Industrial Bank
In addition to private sector clients, Finger also provides services to public institutions, including:
- National Pension Service
- Korea Minting and Security Printing Corporation
This extensive client base reflects Finger’s deep integration within both commercial banking infrastructure and public financial systems.
Flagship Platform: Full Banking
Finger’s primary solution, “Full Banking,” is a comprehensive financial platform that enables:
- Account inquiry services
- Funds transfers
- Payment processing
- Asset management functionalities
- Integrated account aggregation
- Simple payment services
This platform serves as a core component of digital banking experiences across multiple institutions, providing the technological backbone for a wide range of financial interactions.
Financial Performance
According to disclosed figures:
- Annual revenue: KRW 91.6 billion
- Operating profit: KRW 1.4 billion
These financial results demonstrate Finger’s established operational scale and continued activity within the fintech sector.
Integration of Stablecoin Infrastructure and Financial Software
Combining Global and Domestic Capabilities
The investment is structured to combine:
- MoonPay’s global stablecoin infrastructure
- Finger’s domestic financial software network
This integration is intended to create a localized yet globally connected stablecoin ecosystem, enabling seamless interaction between blockchain-based assets and traditional financial systems.
Stablecoin Ecosystem Development Scope
The initiative aims to cover the full lifecycle of a stablecoin ecosystem:
- Issuance of Korean won-denominated stablecoins
- Orchestration and transaction processing
- Integration into real-world financial use cases
The approach reflects a comprehensive strategy to establish stablecoins not only as digital assets but as functional instruments within everyday financial operations.
Enterprise Integration Through ERP and Payment Systems
Linking Pharos ERP with Payment Infrastructure
A central component of the initiative involves integrating Finger’s cloud-based ERP solution, “Pharos,” with MoonPay’s payment infrastructure.
This integration enables:
- Connection between financial accounting data and payment execution systems
- Automation of financial transactions within corporate environments
- Facilitation of stablecoin-based settlements
Corporate Trade Payment Applications
Through this integration, the partnership seeks to enable:
- Stablecoin-based settlement for corporate trade payments
- Streamlined cross-system financial operations
- Enhanced efficiency in enterprise-level financial workflows
The linkage between ERP systems and payment rails represents a key step toward embedding stablecoins within corporate financial processes.
Strategic Positioning of Sungho and Seoryong Electronics
Corporate Structure and Ownership
- Seoryong Electronics is the controlling shareholder of Sungho Electronics
- CEO Park Sung-jae holds a 100% stake in Seoryong Electronics
This ownership structure positions Seoryong Electronics as a central decision-making entity within the investment framework.
Expansion Through Mergers and Acquisitions
Sungho Electronics has been actively pursuing business diversification through mergers and acquisitions (M&A). The direct participation of Seoryong Electronics in this transaction reflects a broader strategy to:
- Identify new growth engines
- Expand into emerging financial technology sectors
- Strengthen long-term strategic positioning
Leadership Commentary
Statement from MoonPay
Lee Bugeon, Founding Executive and Head of Asia at MoonPay, stated:
“This investment opens the way to combine MoonPay’s stablecoin issuance and orchestration infrastructure with Finger’s domestic financial software network. It marks an important foothold for building the full infrastructure needed to support a Korean won stablecoin ecosystem, from issuance to real-world usage.”
Statement from Sungho Electronics
Park Sung-jae, CEO of Sungho Electronics, commented:
“We will support the development of next-generation digital financial services for corporations by connecting ERP-based financial accounting data with payment infrastructure.”
About MoonPay
MoonPay is a financial technology company founded in 2019, focused on enabling the movement of value across fiat currencies and digital assets. The company serves more than:
- 30 million customers
- Across 180 countries
- Supporting over 500 enterprise clients
MoonPay provides infrastructure for:
- Fiat-to-crypto and crypto-to-fiat ramps
- Digital asset trading
- Commerce integrations
- Stablecoin issuance and management
The company operates with a broad regulatory footprint, including:
- New York BitLicense
- New York Limited Purpose Trust Charter
- Money transmitter licenses across the United States
- MiCA authorization within the European Union
MoonPay positions itself as a platform that connects traditional financial systems with blockchain networks, enabling seamless value transfer across different asset classes.
Media Contact
For additional information, visit moonpay.com.
Source Attribution
Source: Company announcement
