Corporate Logo(source: dozn.co.kr)
Dozn, a financial services company preparing for its KOSDAQ IPO, held a press conference in Yeouido, Seoul, on March 7 to outline its growth strategy post-listing.
The company announced its plans to enter the Southeast Asian market using its proprietary "D-Banking" solution, which connects corporate and financial institution data.
"We are currently in discussions with mid- to large-sized banks to introduce our service and aim to directly link fintech and e-commerce companies with banks to drive financial innovation in Southeast Asia," Dozn stated.
Founded in 2017, Dozn specializes in corporate financial value-added network(VAN) solutions, which serve as intermediaries between enterprises and banks for financial transactions.
The company has gained industry recognition for its dual VAN technology, which ensures service stability by enabling transactions through two financial VAN providers.
Previously, financial networks were vulnerable to outages, leading to disruptions in banking, payments, and collections. Dozn’s redundancy system mitigates this risk, preventing potential financial losses.
The company has secured all major commercial banks in Korea as clients, along with prominent platforms such as Kakao Pay, Coupang, and Danggeun Pay. It also serves public institutions, including the Korean National Police Agency and Korea Expressway Corporation.
Dozn has demonstrated significant revenue growth, increasing from 6 billion won in 2020 to 42.1 billion won in 2023, with a compound annual growth rate(CAGR) of 91.9%. Operating profit has also surged from 1.9 billion won in 2020 to 10.7 billion won in 2023, reflecting a CAGR of 77.9%.
To diversify its business, Dozn has launched new services, including cross-border settlement(foreign currency transactions), loan comparison, identity verification, currency exchange kiosks.
Regarding its Southeast Asia expansion, the company is collaborating with an Indonesian fintech firm and plans to work with one of the country’s top five e-wallet providers to offer bill payments, remittance services, and loan comparison solutions.
CEO Cheolhan Cho stated, "We have differentiated ourselves by expanding financial infrastructure services, and we are now entering a phase of profit maximization. After our listing, we will focus on business expansion and overseas market entry to establish ourselves as a leading global B2B financial services innovator."
Dozn plans to offer 2.5 million shares, with an IPO price range of 10,500–12,500 won.
Retail investor subscriptions will be held on March 12–13, with the listing scheduled for March 24. Korea Investment & Securities is the underwriter for the IPO.
Corporate Logo(source: dozn.co.kr)
Dozn, a financial services company preparing for its KOSDAQ IPO, held a press conference in Yeouido, Seoul, on March 7 to outline its growth strategy post-listing.
The company announced its plans to enter the Southeast Asian market using its proprietary "D-Banking" solution, which connects corporate and financial institution data.
"We are currently in discussions with mid- to large-sized banks to introduce our service and aim to directly link fintech and e-commerce companies with banks to drive financial innovation in Southeast Asia," Dozn stated.
Founded in 2017, Dozn specializes in corporate financial value-added network(VAN) solutions, which serve as intermediaries between enterprises and banks for financial transactions.
The company has gained industry recognition for its dual VAN technology, which ensures service stability by enabling transactions through two financial VAN providers.
Previously, financial networks were vulnerable to outages, leading to disruptions in banking, payments, and collections. Dozn’s redundancy system mitigates this risk, preventing potential financial losses.
The company has secured all major commercial banks in Korea as clients, along with prominent platforms such as Kakao Pay, Coupang, and Danggeun Pay. It also serves public institutions, including the Korean National Police Agency and Korea Expressway Corporation.
Dozn has demonstrated significant revenue growth, increasing from 6 billion won in 2020 to 42.1 billion won in 2023, with a compound annual growth rate(CAGR) of 91.9%. Operating profit has also surged from 1.9 billion won in 2020 to 10.7 billion won in 2023, reflecting a CAGR of 77.9%.
To diversify its business, Dozn has launched new services, including cross-border settlement(foreign currency transactions), loan comparison, identity verification, currency exchange kiosks.
Regarding its Southeast Asia expansion, the company is collaborating with an Indonesian fintech firm and plans to work with one of the country’s top five e-wallet providers to offer bill payments, remittance services, and loan comparison solutions.
CEO Cheolhan Cho stated, "We have differentiated ourselves by expanding financial infrastructure services, and we are now entering a phase of profit maximization. After our listing, we will focus on business expansion and overseas market entry to establish ourselves as a leading global B2B financial services innovator."
Dozn plans to offer 2.5 million shares, with an IPO price range of 10,500–12,500 won.
Retail investor subscriptions will be held on March 12–13, with the listing scheduled for March 24. Korea Investment & Securities is the underwriter for the IPO.