South Korean Lending Platform, PeopleFund, Finalizes Series C …

Dec 6, 2021 · PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) …

CouponFollow Extension

$6.45
OFF

South Korean Lending Platform, PeopleFund, Finalizes Series C …

6 days from now

Dec 6, 2021 · PeopleFund (CEO Joey Kim), South Korea’s online lending platform focused on consumer loans, announced recently the completion of a KRW75.9 billion (appr. $6.45 million) …

crowdfundinsider.com

$20
OFF

P2P Lending Platform PeopleFund Raises $20M Series C

6 days from now

Jan 17, 2023 · PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing backer …

techcrunch.com

$20
OFF

South Korean P2P Lending Platform PeopleFund Scores Extra $20m

6 days from now

Jan 18, 2023 · PeopleFund, a South Korean P2P lending platform that connects borrowers and investors to facilitate lending, has added $20m to its $63.4m Series C fund. According to a …

fintech.global

$63
OFF

Bain Leads $63m Series C For Korea's PeopleFund - AVCJ

6 days from now

Nov 10, 2023 · Bain Capital has led a KRW75.9 billion ($64.5 million) Series C round for PeopleFund, a Korean lending platform. It is described as the largest funding round in the …

avcj.com

$20
OFF

P2P Lending Platform PeopleFund Raises $20M Series C Extension …

6 days from now

Jan 18, 2023 · In South Korea, P2P lending marketplaces must pass yearly requirements to get a license from Financial Services Commission (FSC) to run their business. To operate its …

wired24.co.za

$20
OFF

PeopleFund Raises $20M Series C Extension To Further Develop

6 days from now

Jan 18, 2023 · Photo by Vladimir Solomianyi / Unsplash. PeopleFund, a South Korean P2P lending platform, has recently added $20 million to its $63.4 million Series C from existing …

techloy.com

$63
OFF

Korea’s P2P Lending Startup PeopleFund Gets $63.4M Series C Led …

6 days from now

Nov 30, 2021 · Returning investors in the round include CLSA Lending Ark Asia and 500 Global. The latest funding brings the total raised by PeopleFund to about $83.6 million (100 billion …

aol.com

$63
OFF

PeopleFund Raises From Bain Capital To Battle 8percent, Lendit, …

6 days from now

Dec 3, 2021 · PeopleFund, a South Korean peer-to-peer (P2P) lending platform, has raised $63.4M in a Series C round that drew participation from Bain Capital, Goldman Sachs, 500 …

cbinsights.com

$20
OFF

FinTech Startup PeopleFund Raised Series C Extension Round Of $20M

6 days from now

PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing backer Bain …

awesomefintech.com

$63
OFF

Koreas P2P Lending Startup PeopleFund Gets 634M Series C Led By …

6 days from now

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation …

wherrelz.com

$63
OFF

Korea’s P2P Lending Startup PeopleFund Gets $63.4M Series C Led …

6 days from now

South Korea-based peer-to-peer (P2P) lending platform announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman …

amanwithai.com

$63
OFF

Korea’s P2P Lending Startup PeopleFund Gets $63.4M Series C Led …

6 days from now

The latest funding brings the total raised by PeopleFund to about $83.6 million (100 billion won) since it was founded in 2015. Returning investors in the round include CLSA Lending Ark Asia …

ground.news

$63
OFF

Korea’s P2P Lending Startup PeopleFund Will Get $63.4M Sequence …

6 days from now

Dec 1, 2021 · South Korea-based peer-to-peer (P2P) lending platform PeopleFund introduced at the moment it has closed a $63.4 million (75.9 billion Korea’s P2P lending startup PeopleFund …

catoprime.com

$20
OFF

P2P Lending Platform PeopleFund Raises $20M Series C Extension …

6 days from now

Jan 18, 2023 · PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C. Existing backer …

technooddity.com

$20
OFF

P2P Lending Platform PeopleFund Raises $20M Series C Extension …

6 days from now

a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million . Existing backer Bain Capital led the extension, …

amanwithai.com

FAQs about South Korean Lending Platform, PeopleFund, Finalizes Series C … Coupon?

How much did peoplefund add to its Series C fund?

PeopleFund, a South Korean P2P lending platform that connects borrowers and investors to facilitate lending, has added $20m to its $63.4m Series C fund. ...

Is peoplefund a P2P business in South Korea?

The financing event comes five months after PeopleFund received its regulatory approval from South Korea’s Financial Services Commission (FSC) to register with the government. In early June, only three Korean P2P lenders out of 41 applicants were granted licenses from the FSC to operate the business legally: PeopleFund, Lendit and 8 Percent. ...

Who backed peoplefund?

Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners and IBX Partners. The additional funding brings PeopleFund’s total raised to around $100 million in equity. ...

How much money did peoplefund raise?

South Korean online lending platform PeopleFund announced Monday the successful completion of a KRW75.9 billion ($64 million) Series C round of funding raising from global financial institutions, including Bain Capital, Lending Ark Asia Secured Private Debt Fund, and 500 Global. ...

How many marketplace lenders are there in Korea?

The number of marketplace lenders in Korea has fallen from 237 to 102 between August 2020 and May 2021, per PeopleFund’s annual report in 2020. PeopleFund, which connects borrowers with lenders to enable lending, provides loans at an average interest rate of 11.25% per annum, about 3% to 4% lower than other non-bank lenders. ...

What is peoplefund & how does it work?

Established in 2015 to address the structural problem involving the risk of high interest-rate loans in the near-prime loan sector with its technology and data-driven financial services, PeopleFund has been one of the first online lenders in Korea and was granted a marketplace lending license by Korea’s financial regulators on June 10, 2021. ...