Crepay is a South Korean payment app that aggregates points from a wide range of reward and app‑tech programs into a single dashboard, letting users spend those points directly at major online retailers such as Coupang, Naver, and Olive Young. The service automatically finds the lowest price, adds extra partner discounts, and supports one‑click or deferred payments, helping users reduce out‑of‑pocket spending while earning daily rewards.
Funding
$521.4K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Consumers often struggle to earn and utilize reward points across multiple apps, leading to fragmented loyalty programs and missed savings opportunities. Additionally, many users lack a seamless way to apply earned rewards toward purchases without incurring additional out‑of‑pocket expenses.
Solution
Crepay consolidates a wide range of app‑based reward programs into a single platform, allowing users to accumulate points from numerous partner services. The accumulated points can be spent directly at participating online retailers and brands, effectively turning rewards into a cash‑equivalent payment method. Crepay also integrates price‑comparison data to ensure users purchase at the lowest available price, then applies an additional discount at checkout. The service supports instant, button‑click payments and offers a deferred‑payment option where purchases can be settled later using earned points. By centralizing rewards and providing real‑time discounts, Crepay enables users to reduce out‑of‑pocket spending while maximizing the value of their loyalty activities.
Target Audience
Crepay targets mobile‑savvy shoppers in South Korea who actively use multiple reward apps and seek a streamlined way to convert points into direct purchases, including frequent online shoppers and budget‑conscious consumers.
Features
- Unified dashboard aggregating points from the largest number of domestic app‑tech and reward programs
- One‑click payment using points at major e‑commerce sites such as Coupang, Naver, and Olive Young
- Automatic lowest‑price detection with extra discounts from partners like GIPTY and Munsang
- Deferred‑payment (installment) option allowing purchases now and repayment later with earned points
- Daily and weekly reward draws, offering cash‑equivalent point prizes up to 450 KRW per entry
- Brand‑specific promotions and free‑shipping offers redeemable via points
- Integration with popular digital content platforms for free webtoons and web novels through reward activities