01Republic Secures Funding to Expand the SaaS Management Solution ‘Scordi’
South Korean software subscription management company 01Republic has secured seed funding from Mashup Ventures. 01Republic was co-founded by CEO Yonghyun Kim, who previously co-founded and served as CTO at Gomi Corporation, and COO Gyuri Kim, who managed sales and marketing for IT startups, securing over 100 clients. Together, they developed ‘Scordi,’ a SaaS management solution that efficiently manages costs and time associated with increased SaaS adoption.
Scordi is an SMP (SaaS Management Platform) that consolidates and analyzes SaaS subscriptions in one place. By simply linking an account, it synchronizes necessary information for SaaS management in real-time, allowing companies and teams to monitor their SaaS subscriptions and spending through a single dashboard. It also visualizes monthly expenses, analyzing trends and notifying users of any anomalies.
Additionally, Scordi offers role-based permissions, automating onboarding and offboarding processes to manage SaaS accounts more efficiently. Within three months of its launch, Scordi has been adopted by 150 companies and can integrate with over 2700 SaaS platforms.
Taek-kyung Lee, Managing Partner at Mashup Ventures, stated, “The need for managing SaaS across entire companies or individual teams is increasing due to growing SaaS adoption.” He added, “01Republic is rapidly enhancing its solutions based on customer needs, and we anticipate its expansion into global markets.”
CEO Yonghyun Kim of 01Republic stated, “The funding will accelerate product development for efficient SaaS operations management.” He added, “We aim to analyze SaaS patterns by industry and company size, providing a recommendation service that boosts productivity and efficiency. We plan to offer benefits, making Scordi an essential service for companies using SaaS.”
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