PeopleFund

Korea, Republic Of - Seocho-gu, Seoul

• 01/12/2021
• Series C
• $63,400,000

Founded in 2015, PeopleFund is Korea's leading data-driven digital lender focused on consumer finance. Our mission is to give financial freedom to all consumers through more affordable loans and better investment opportunities. Leveraging its proprietary, data-driven credit model and eliminating inefficiencies with technology, PeopleFund delivers better loan rates for borrowers while maintaining an industry low loss rate to benefit retail and institutional investors. PeopleFund is the first digital lender in Korea to surpass $1B in loan originations and has provided an innovative way to invest to nearly 400,000 retail investors. It is notably the first fintech platform to offer loan and investment products directly on KakaoTalk, Korea's equivalent of WhatsApp. To date, PeopleFund has completed its Series B round of funding with a total of $24M of equity capital raised. For more information, visit www.peoplefund.co.kr.

Related People

Joey KimFounder

Korea, Republic Of - Seoul Incheon Metropolitan Area

Joey Kim is the Founder & CEO at People Fund a Peer-to-Peer Lending platform for unsecured loan. Before founding People Fund, Joey has experienced management role at multiple tech startups in Korea. Previously, he worked as a Senior Associate at Softbank Ventures Korea, mainly investing in internet and mobile start-ups in early stage. Prior to Softbank Ventures, he was a founding member of Innossemble Company, a venture incubation platform focusing in medical sector. At Innossemble, he successfully incubated multiple start-ups like BrainMedic and MiSVIS. He was also a consultant at Bain & Company in Seoul and Boston, where he conducted various projects ranging from corporate vision strategy to operations management.

Specialties: Investment and post investment management

LinkedIn https://www.linkedin.com/in/kimjoey/?originalSubdomain=kr