Kakaobank Acquires 15% Stake in PLAM Owner Naivy for $680,000
Image Credit: KakaobankSouth Korea's Kakaobank gets a 15% stake in music streaming start-up PLAM owner Naivy for $680,000.South Korea's biggest online-only bank, Kakaobank, has actually obtained a 15% stake in monetary innovation start-up Naivy, in an offer worth $680,000 (908 million KRW.) Naivy is the business behind music streaming app PLAM, which motivates users to listen with virtual coin benefits which can then be invested. The offer brings combination with Kakaobank's own app."We chose to purchase Naivy to support fintech start-ups with exceptional innovation," stated a representative for Kakaobank.After listening to tunes and leaving brief evaluations, users will get 10 or 20 KRW per tune straight into their Kakaobank account, without any extra app setup needed. Naivy's service ...