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§ Private Profile · Seoul, Seoul-t'ukpyolsi, South Korea
Cloud-based mobile HR application automating employee time tracking, scheduling, attendance, and payroll for small to medium-sized businesses.
Albam is a software company based in Seoul, South Korea, that develops a mobile human resources application for automated employee time tracking, shift scheduling, and payroll processing. Operating under a tiered software subscription model, the platform is currently utilized by over 150,000 corporate and retail workplaces, including food and beverage franchises, to streamline their daily attendance management. The enterprise has successfully raised over $10 million in total venture funding to support its ongoing expansion into broader financial technology and human resources services. To finance this growth, Albam secured capital from notable venture capital firms, including Altos Ventures, Capstone Partners, and Stonebridge Ventures. The corporate entity behind the application officially rebranded to Newploy in 2020 to reflect its growing ecosystem of dedicated manager and employee applications. Albam was founded in 2014 by Jin-yong Kim.
Albam has raised $1.6M across 1 funding round.
Albam has raised $1.6M in total across 1 funding round.
Albam has raised $1.6M across 1 funding round. Most recently, it raised $1.6M Series A in November 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 21, 2016 | $1.6M Series A | Capstone Partners | — | Announced |
Albam has raised $1.6M in total across 1 funding round.
Albam's investors include Capstone Partners.