Earlypay
1 known investors
EarlyPay (얼리페이) offers an early-settlement service that advances card sales revenue to small business owners, including on weekends, so merchants can access cash sooner. It also provides sales notifications, analytics, and revenue tracking for shop owners in South Korea.
Also known as EarlyPay · 얼리페이 · 주식회사 얼리페이
Investors · 1
Company profile
researched Aug 2026얼리페이 (Earlypay), operated by 주식회사 얼리페이, is a South Korean service that advances (선정산, pre-settlement) the card and delivery-platform sales a small business generates on one day and deposits the money to the owner the following day, typically before 1:00 p.m. The service covers in-store card sales as well as sales made through delivery apps Baemin (배달의민족) and Yogiyo, with merchants able to choose to have store sales, delivery sales, or both advanced; support for additional delivery platforms such as Coupang Eats is described as in progress.
Alongside the cash advance, Earlypay provides merchants with daily detailed sales statements, alert messages (알림톡), sales analytics comparing periods such as the current versus prior week, and card-sales omission prevention. Sign-up is done online with an ID document, business registration certificate, and a Kyongnam Bank (BNK경남은행) account; Earlypay handles the process of switching the card companies' and delivery companies' payout account to that Kyongnam Bank account, from which it automatically recovers the amounts it has advanced. Merchants may receive advanced funds into any bank account they choose. The company states that using the service does not create a loan record or reduce a user's credit score, and that it cannot be used simultaneously with a competing pre-settlement service.
Business model
Earlypay pays merchants the value of their prior-day card and delivery sales in advance, then automatically recovers the corresponding settlement amounts when card issuers and delivery platforms pay out to a designated Kyongnam Bank account. Revenue comes from a flat subscription fee for the reporting, notification and analytics services rather than an interest charge, and the company states that no loan record or credit-score impact results from use.
A monthly subscription of KRW 66,000 for the sales report, alert and sales-analysis services, deducted as KRW 2,200 per day from the merchant's advanced settlement amount; on days with no settlement the accrued daily fee is deducted the following day. An electronic tax invoice for the fee is issued automatically at the start of each month.
▸Full profile — market position, technology, go-to-market, geography
Market position
Operates in the South Korean merchant pre-settlement (선정산) segment alongside other providers of the same service, which the company references when noting that its offering cannot be used concurrently with a competing pre-settlement service.
The company positions the service around settlement on all 365 days including weekends and public holidays, in contrast to competing pre-settlement services it says do not settle on weekends; coverage of both in-store card sales and delivery-app sales; a stated cost of about KRW 2,000 per day; and bundled free Hanwha General Insurance cover (facility and food-related policies) said to be worth about KRW 50,000.
Technology
A web and app-based service that connects to merchants' card-issuer and delivery-platform sales data to measure prior-day sales on a midnight-to-midnight basis, generate daily sales reports, alerts and analytics, and process next-day payouts, with account-change administration handled on the merchant's behalf.
Go-to-market
Direct online sign-up via the company's website, described as a roughly five-minute process once the required documents are prepared, supported by a telephone service line (1522-6911) operating 10:00-17:00 on weekdays, and a partnership enquiry channel.
Small business owners and self-employed merchants in South Korea that generate card sales, including restaurants and shops selling through delivery apps. Any such merchant may apply, subject to an internal review that can restrict enrolment; sign-up must be in the name of the representative listed on the business registration certificate.
Geography
South Korea; merchant testimonials reference locations including Seodaemun, Mapo, Seomyeon, Jongno and Dongtan.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsEarlypay states it is partnered exclusively with Kyongnam Bank, whose accounts are used to receive card-issuer and delivery-platform payouts so advanced funds can be recovered; partnerships with other banks are described as in preparation.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- Earlypayearlypay.co.kr · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Earlypay do?
- Korean fintech offering next-day advance settlement of card and delivery-app sales to small merchants, 365 days a year.
- Who are Earlypay's investors?
- Earlypay's investors include Kiwoom Investment.