Finger

Founded in 2000, Finger is a comprehensive fintech company whose core business is building and operating smart financial platforms for banks and other first- and second-tier financial institutions.

According to WiseReport, the company provides smart financial platforms to various financial institutions based on its fintech technology and banking expertise, with the platform business accounting for 68.4% of total revenue.

In detail, platform-related revenue from full banking, financial portals, open banking, and global banking makes up the largest share, while the remainder consists of consulting, fees, CMS, big-data brokerage, overseas remittance, and solutions such as voice-phishing prevention.

Building on accumulated experience and technology in the financial market, the company has also expanded pay, payment, and Open API services into non-financial markets such as e-commerce and mobility.

More recently, Finger has been diversifying into new business areas including security token offerings (STO), stablecoin infrastructure, and mobile IDs; WiseReport noted that regulatory uncertainty around STO has eased following legal amendments, allowing the company to actively pursue STO platform business for financial institutions and expand cooperation with major commercial banks on mobile ID projects.

On the new business front, Finger signed an MOU with Naver Cloud for a cloud-based integrated STO service, cooperated with Shinhan DS on Web3 digital asset market initiatives, and signed an MOU with Hyundai Yacht for a marine-leisure real-asset STO joint business.

Competitively, Finger is classified as a fintech firm with blockchain technology, often mentioned alongside similar STO-infrastructure names such as Galaxia Money Tree, ITSC, and KL-Net.

Its customer base remains centered on domestic banks and secondary financial institutions, though it is seeking to diversify revenue sources through non-financial-sector expansion and new business partnerships.

Finger's annual results have shown clear swings.

After posting revenue of KRW 90.1 billion and operating profit of KRW 5.4 billion (6.0% operating margin) in 2022, revenue declined to KRW 83.1 billion in 2023, though operating profit of KRW 3.67 billion (4.4%) and net income attributable to owners of KRW 4.45 billion remained relatively solid.

In 2024, revenue contracted further to KRW 71.6 billion and the company swung to an operating loss of KRW 0.47 billion (-0.7% margin), while net income attributable to owners still posted a modest KRW 0.80 billion profit.

In 2025, revenue rebounded sharply to KRW 91.6 billion and operating profit returned to positive territory at KRW 1.47 billion (1.6%), but net income attributable to owners was only KRW 0.30 billion, below the operating profit level.

On a quarterly basis, Q3 2025 was strong with revenue of KRW 25.3 billion, operating profit of KRW 1.09 billion, and owners' net income of KRW 1.44 billion, but Q4 2025 reverted to an operating loss of KRW 0.35 billion on revenue of KRW 23.9 billion, with owners' net income swinging to a loss of KRW 2.21 billion, illustrating substantial quarterly volatility.

Q1 2026 again posted an operating loss of KRW 0.33 billion on revenue of KRW 20.5 billion, though owners' net income remained marginally positive at KRW 0.05 billion.

In Q2 2026, revenue of KRW 22.6 billion and operating profit of KRW 0.37 billion showed a modest improvement in the core business, but owners' net income jumped to KRW 6.72 billion, an unusually large figure relative to operating profit, suggesting a significant non-operating contribution.

Reflecting this pattern, the sum of owners' net income over the trailing four quarters (Q3 2025 through Q2 2026) reached KRW 6.0 billion, notably larger than the full-year 2025 figure of KRW 0.30 billion.

On the cash flow side, 2025 operating cash flow rose sharply to KRW 7.0 billion from KRW 1.09 billion in 2024, indicating cash generation was more robust than the reported profit figures alone would suggest.

The financial IT and fintech industry in which Finger operates is heavily dependent on digital transformation investment by domestic banks and secondary financial institutions.

FnGuide noted that cumulative consolidated revenue through Q3 2025 rose 31.8% year over year and operating profit turned positive, attributing this to rising demand for smart financial platform construction driven by financial institutions' digital transformation and expansion of non-face-to-face channels.

Security token offerings (STO) and stablecoin infrastructure have emerged as a new growth axis for the industry.

On January 15, 2026, amendments to the Electronic Securities Act and Capital Markets Act passed the National Assembly, establishing a legal basis for the issuance and distribution of securities using distributed ledger technology, with implementation scheduled for January 2027, one year after promulgation.

Among brokerages, large firms such as Shinhan Investment & Securities, Mirae Asset Securities, and KB Securities, along with smaller players such as Hanwha Securities, are competing to establish an early position in the STO market, and some analysis suggests fintech firms with blockchain technology could see early benefits during the infrastructure-building phase.

Against this backdrop, Finger has been named as an STO issuance/distribution infrastructure provider, given its experience building patent-NFT issuance and trading platforms and its holdings of multiple asset-tokenization-related patents.

However, the STO market remains at an early stage, with enabling decrees and license issuance still in progress, meaning the timing of meaningful revenue contribution will depend on the regulatory schedule.

Finger is reported to have formalized STO and stablecoins as new growth engines at its 2026 annual general shareholders' meeting, and the company's future direction will likely hinge heavily on the pace of commercialization for these new businesses.

In the near term, key points to watch include whether the STO integrated solution with Naver Cloud translates into actual contracts and revenue, and whether the marine-leisure STO joint business with Hyundai Yacht progresses to concrete product launches.

On the regulatory front, ahead of the January 2027 implementation of the amended Electronic Securities Act and Capital Markets Act, the Financial Services Commission's preparation of enforcement decrees and detailed licensing procedures such as issuer account management institution designation will be critical.

On the funding side, the company bolstered working capital through a KRW 50 billion convertible bond decided in April 2026, with a conversion price of KRW 12,509, meaning future conversion will depend on stock price movements. In the mobile ID business, cooperation with major commercial banks is reportedly expanding.

However, no specific public revenue or order-backlog guidance from the company has been confirmed, so future performance will need to be tracked through quarterly disclosures and individual contract announcements.