MoonPay and Korean Partners Acquire Finger to Build Won Stablecoin Infrastructure
MoonPay, KOSDAQ-listed Sungho Electronics, and its controlling shareholder Seoryong Electronics have signed an agreement to jointly acquire a stake in Finger, one of Korea’s original fintech companies, in a deal structured to build a Korean won stablecoin ecosystem from the issuance layer down to point-of-payment usage. Pantos Holdings, a vehicle wholly owned by Koo Bon-ho — a member of the LG founding family and former major shareholder of LX Pantos — joins as a strategic investor. The total transaction is valued at approximately KRW 110 billion, or around $76 million.
Finger is not a peripheral target. Founded in 2000, the company built the mobile banking infrastructure that tens of millions of Koreans interact with daily. Its client list includes Shinhan Bank, KB Kookmin Bank, KakaoBank, NongHyup Bank, and IBK Industrial Bank, along with public institutions such as the National Pension Service and the Korea Minting and Security Printing Corporation. Its core product, “Full Banking,” handles account inquiry, transfers, payments, asset management, and integrated account aggregation. The company posted KRW 91.6 billion in annual revenue last year, with KRW 1.4 billion in operating profit.
The strategic logic is straightforward: MoonPay brings stablecoin issuance infrastructure and regulated payment rails; Finger brings deeply embedded relationships with Korean financial institutions and a cloud ERP platform called Pharos. The planned integration connects Pharos’s financial accounting data directly to MoonPay’s payment infrastructure, targeting stablecoin-based settlement for corporate trade payments — a use case that has long been discussed but rarely attempted at this level of institutional depth in Asia.
Following the transaction, Seoryong Electronics will hold the largest shareholder position in Finger. Current vice chairman and controlling shareholder Park Min-soo retains a meaningful stake and moves into an advisory role. Sungho Electronics CEO Park Sung-jae, who holds a 100% stake in Seoryong Electronics, has positioned this acquisition as part of a broader diversification push, with Seoryong stepping in directly alongside Sungho’s existing M&A activity.
MoonPay, founded in 2019, operates across 180 countries with over 30 million customers and more than 500 enterprise clients. It holds a New York BitLicense, a New York Limited Purpose Trust Charter, money transmitter licenses across the U.S., and MiCA authorization in the EU — a regulatory footprint that matters considerably when entering a market as tightly supervised as Korea’s.
The KRW stablecoin is still a structure, not yet a product. But the Finger acquisition gives MoonPay something most stablecoin entrants lack in new markets: a payment network already trusted by the institutions that would need to accept it.