WireBarley
WireBarley is a global payment platform specialized in overseas remittance services.
Last updated September 1, 2026
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Overview
WireBarley is a global payment platform specialized in overseas remittance services. It was established in 2016 and has grown from the Asia-Pacific region to the US, Canada, and Europe. The company operates 8 global entities and works with over 50 partners worldwide. It offers remittance services to individuals and businesses, with a mission to make financial services easy and accessible for everyone.
History
WireBarley was established in 2016. In 2017, it was selected for the Korean Ministry of SMEs and Startups TIPS program and POST-TIPS. In 2018, it received a small-amount overseas remittance license in Korea and attracted 4 billion KRW in Series A funding. In 2019, it obtained a remittance license in Hong Kong and launched remittance services to Japan, the US, UK, Germany, France, Malaysia, Singapore, and China. In 2020, it introduced the 'Responsibility Compensation System' for the first time in the overseas remittance industry, launched remittance services to Canada, started B2B services in Australia, attracted 11 billion KRW in Series B funding, and achieved cumulative transaction volume of 1 trillion KRW. In 2021, it launched wallet services in Korea, started B2B services in the US and Korea, launched remittance services to the UK and Europe, and achieved 1 million cumulative app downloads. In 2022, it launched wallet services in Australia and introduced a global card product in Korea. In 2023, it launched 'Global Gift' service and provided mobile driver's license identity verification, achieving 5 trillion KRW in cumulative transaction volume. In 2024, it achieved 6 trillion KRW in cumulative transaction volume and obtained SOC 2 Type 1 certification. In 2025, it achieved 7.5 trillion KRW in cumulative transaction volume, 1.1 million cumulative users, and 2.2 million cumulative app downloads.
Recent events
WireBarley secures $10 million in Series B funding[3]
Reported:
South Korean fintech WireBarley announced that it secured $10 million in Series B funding from Magna Investment, Shinsegae I&C, and Dt & Investment.
WireBarley announces partnership with Alipay[4]
Reported:
WireBarley announced a partnership with Alipay enabling customers to send money to China from South Korea, Australia, the United States and Canada for receipt through Alipay. Transfers for international students in China were planned to become available early in the third quarter of 2020.
Sources4 sources
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