Wekeep

About Wekeep

Founded in October 2013 by CEO Jangboyoung, Wekeep operates as a 4PL (Fourth-Party Logistics) enterprise, providing specialized fulfillment services tailored for the e-commerce sector. The company initially entered the market with a fintech-logistics model, offering P2P financing linked to stored inventory, a concept that won an award from the Incheon CCEI and Hanjin Group in 2016. However, it later pivoted to focus on comprehensive e-commerce fulfillment, experiencing significant growth after opening its first fulfillment center in October 2017.

Wekeep's core offering is its proprietary Fulfillment By Wekeep (FBW) solution. This platform integrates warehouse management (WMS), order management (OMS), and transportation management (TMS) functionalities, automating the entire logistics process for online sellers. It connects with over 30 online shopping malls and marketplaces, such as Naver Smart Store, Coupang, and 11st, as well as multiple shipping carriers. The system automates order collection, product matching, packaging, delivery, invoice transmission, and CS management. A key feature is the assignment of a dedicated, professionally trained manager, a 'Wekeepman', to each client, ensuring personalized and expert handling of logistics operations. This human element, supported by a proprietary Learning Management System (LMS) for staff training, is a central part of their service quality.

The company serves a diverse client base, from startup online sellers to established e-commerce businesses, with customized service tiers like 'Starter' and 'Basic' to accommodate different scales of operation. It handles both B2C and B2B order fulfillment, including for small-volume, multi-item sellers which are common in the Korean market. In addition to standard fulfillment, Wekeep has expanded its services to include cold-chain logistics for fresh and frozen goods, freight transportation brokerage, sales agency services through its 'Sellway' dropshipping platform, and the sale of eco-friendly packaging materials via 'Wekeep M'. Revenue is generated from these various logistics and value-added services. The company has secured significant funding, including a Series B round of 25 billion KRW in 2021 from investors like NAVER, KB Investment, Korea Development Bank, and Stonebridge Ventures, to fuel its expansion of fulfillment centers and technological upgrades.