Fintech company Bank Salad reported a net loss of 13.6 billion won last year, but noted this represents a 42% decrease compared to the previous year. It emphasized that excluding stock compensation costs of 6.3 billion won, the net loss would shrink to 7.3 billion won. In contrast, operating revenue during the same period increased to 19.6 billion won, approximately a 189% increase compared to the previous year.
This marks three consecutive years of growth since the formal introduction of my data, with increases of 28% in 2022, 55% in 2023, and nearly tripling sales last year. Notably, last year, the company set a new record for its highest performance each quarter and achieved monthly break-even point in terms of operating profit and net income in November.
According to Bank Salad, the successful targeting of major loan customers was made possible through the renovation of the loan homepage and the enhancement of the loan coupon service in the case of financial product intermediaries. They have increased their partnerships with over 70 financial institutions for loans, including credit loans and dwellings loans, securing over 220 loan products, with disbursement amounts increasing by 240% compared to the previous year.
The issuance of cards also increased by 60%. Through cashback events as well as data targeting technology and ultra-personalized category settings, they laid the foundation for growth in card brokerage revenue. In the health business sector, they diversified their revenue structure through insurance services officially launched in 2024. Notably, the insurance diagnostic service secured 500,000 users within a year of its launch.
Additionally, by newly launching PFM services such as "saving money" through personal financial coaching and the public expenditure loyalty game "Salad Game," they attracted new users. Bank Salad aims to continue its growth as the only comprehensive financial and health asset management platform in the country through the discovery of new business models, expansion of financial product brokerage, and enhancement of services utilizing my data and AI technology.
A Bank Salad official said, "Bank Salad is engaging with customers, from finance to health, through unique data-driven technology-based services and killer features," and added, "Given the encouraging growth over the past three years even in challenging economic conditions, we expect 2025 to be a year of achieving a balance between innovative growth and a stable business foundation."