SEUM advised NYCA Partners LLC (“NYCA Partners”) in its participation in Chai Corporation’s USD 45 million Series B+ funding round. 

NYCA Partners is a U.S. VC firm established in 2014 that primarily leads investments in innovative global financial systems and companies that operate them and is considered a proven VC firm due to its approximately 92 successful portfolio companies, which arose from its closing of approximately 12 deals annually, including in the fintech, financial services and software sectors.

Chai Corporation is a startup recognized as a leader in the domestic fintech sector that secured approximately 2.5 million users by providing continuous benefits to consumers through “simple payment” and “Chai Card” services. Chai also garnered substantial attention in its operation of “Iamport”, a B2B payment platform that implements all domestic and foreign payment agency services and payment functions.

SEUM conducted due diligence on Chai Corporation, reviewed the investment agreements, and advised NYCA Partners in the overall transaction, which involved investments both domestically and overseas.