Bank Salad announced on the 23rd that it has achieved the monthly break-even point (BEP). In November, Bank Salad's revenues surged 197% compared to the same month last year, leading to both operating profit and net profit reaching the monthly BEP. This marks the company's first return to profitability since the formal introduction of MyData in 2022.
Bank Salad has been achieving record quarterly performances since last year. From the first quarter of 2023 to the third quarter of 2024, its revenue grew fivefold (on a quarterly basis) over a year and a half. Cumulative revenue for the third quarter of this year reached 13.3 billion won, a 218% increase compared to the same period last year.
Bank Salad continues to experience rapid growth across all financial product brokerage areas, including loans, cards, and insurance. In the first half of this year, revenues from the loan and card sectors increased by 406% and 80%, respectively, compared to the same period last year. The company made a full-fledged entry into the insurance sector this year, and its health data-based insurance diagnostic service, launched as the first in the industry, contributed to revenue generation. In November of this year, insurance revenues grew by approximately 600% compared to January. Bank Salad plans to achieve continuous quantitative growth through the discovery of new business models and additional expansion of its financial product brokerage business next year.