Fine Stays
A platform for booking and searching your accommodation in South Korea.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | KRW6.0b | Series A | |
| Total Funding | 000k | ||
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Fine Stays Inc., established on August 20, 2019, operates as a multifaceted information and communication technology company based in Seoul, South Korea. The company, led by CEO Kim Jong-bae, has developed a dual-pronged business targeting both consumers and accommodation providers in the hospitality sector. As a subsidiary of Fine One Communications, Fine Stays leverages 16 years of industry know-how from its parent company.
For travelers, the company offers 'Kkul-stay' (Honey Stay), a mobile booking application launched in 2020 that provides a curated selection of accommodations. Kkul-stay aims to create a more equitable ecosystem for both guests and hosts by challenging the high commission fee structure prevalent in the market. Instead of featuring advertisement-driven listings, the platform allows users to sort properties by objective criteria such as distance and user ratings. This model is designed to pass savings onto consumers and provide more autonomy to property owners.
For its business clients, Fine Stays operates Fine Host, a B2B Software-as-a-Service (SaaS) platform. This service provides accommodation owners with the tools for efficient property management. A key revenue stream for Fine Stays is a subscription-based model for its host partners. For a monthly fee, property owners can utilize the platform without incurring additional commission or advertising costs. This structure empowers hosts to directly manage their own promotions, such as issuing discount coupons, with the savings often translating into better value for the end customer. The platform is also focused on enhancing its technological capabilities, with plans to integrate with on-site systems like kiosks and POS for a more seamless guest experience, covering everything from check-in to facility management.
Keywords: Kkul-stay, Fine Host, hospitality technology, accommodation booking platform, B2B SaaS, property management system, hotel tech, travel tech Korea, online travel agency, accommodation subscription service, Kim Jong-bae, Fine One Communications, hospitality management, mobile booking app, hotel booking South Korea, travel platform, low-commission booking, lodging reservation, hospitality SaaS