Leading Korean Online Lending Platform, Peoplefund Raises Krw 75.9 Billion Series C Funding Led By Bain Capital
Round Type
Series C
SeoulFinancial ServicesSoftwareLending And InvestmentsDescription
PeopleFund (CEO Joey Kim), South Korea's leading online lending platform focused on consumer loans, announced today the successful completion of a KRW75.9 billion Series C round of funding raising from global financial institutions, including Bain Capital, Lending Ark Asia Secured Private Debt Fund and 500 Global. The company, with a total KRW100 billion, has raised the largest amount of funding among all lending platforms in Korea. Investors now include Bain Capital, Lending Ark Asia Secured Private Debt Fund, 500 Global and KakaoPay. Global investment bank Goldman Sachs, which has obtained equity exposure and lead financing for a debt warehousing facility with Lending Ark Asia Secured Private Debt Fund for the platform.
Quick answer
People Fund Company raised an undisclosed amount in a Series C round, dated December 3, 2021. People Fund Company is based in Seoul, Seoul, South Korea.
- How much did People Fund Company raise?
- People Fund Company raised an undisclosed amount in a Series C round on December 3, 2021.
- What does People Fund Company do?
- Founded in 2015, PeopleFund is Korea's leading data-driven digital lender focused on consumer finance.
- Where is People Fund Company based and how big is it?
- People Fund Company is based in Seoul, Seoul, South Korea.
Source: Fundz verified event record.
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