Fintech company Travel Wallet receives $10 million in funding led by Lightspeed

South Korean fintech startup Travel Wallet has raised $10 million in a new funding round, led by Lightspeed. This marks Travel Wallet's first global venture capital funding and Lightspeed's first foray into the Korean market. CEO Hyoung-woo Kim said in a statement that Travel Wallet plans to "actively seek international expansion" with the support of Lightspeed. To this end, the company has established local subsidiaries in the United States and Japan, with expansion set to begin as early as the second half of this year.

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