Project

The project that WireBarley is undertaking is developing and improving our micro-service cross border remittance platform based on hybrid cloud

Project Summary

Due to vast difference in regulation, infrastructure and system in different countries in Asia for conducting money transfer business, WireBarley believes in the need to establish remittance platform that is easily customizable. To enable scalability and expansion in efficient manner, WireBarley is factoring in developing three technical aspects: 1) Hybrid cloud, 2) Microservice architecture, and 3) Platform-as-a-Service (PaaS).

Business Model

WireBarley is a money transfer FinTech startup that provides mobile/online based cross-border remittance services in Asia-Pacific region. We pride ourselves in providing high quality of on-line remittance service that is more affordable, convenient, safe and quicker than traditional money transfer companies and banks. WireBarley's cutting edge platform technology and expertise in finance and management know-how enables rapid expansion into new corridors in Asia.

Main Achievements

1) 2016. 03. Established WireBarley Corp
2) 2016. 10. Established WireBarley Australia Pty Ltd (Wholly owned subsidiary in Australia)
3) 2016. 11. WireBarley Australia Pty Ltd received Independently remittance dealer license
4) 2017. 02. Launced WireBarley Web, mobile (iOS and Android) app services
5) 2017. 04. Began remittance services in Australia > Vietnam corridor
6) 2017. 06. Began remittance services in Australia > Philippines corridor
7) 2017. 11 Raised Pre-Series A funding from investors led by KB Investment and Shinsegae I&C
8) 2017. 12 Selected to TIPS program