Starting Full-Scale Operations in the Second Half... On-tu Companies Launch Large-Scale Investment Attraction and Hiring

[Asia Economy Reporter Song Seung-seop] Companies that have successfully registered as online investment-linked financial businesses have started warming up for full-scale operations in the second half of the year. They are actively engaging in large-scale recruitment for investment attraction and talent acquisition, as well as partnerships with other financial sectors. This is interpreted as a strategy to quickly secure a large number of customers and enjoy economies of scale.

According to the online investment-linked finance industry on the 7th, Winkstone Partners plans to conduct large-scale hiring from this month to expand services in the second half of the year. The main seven job categories (development, planning, marketing, finance, service, strategy, and management support) are targeted. The goal is to broaden the talent pool to dominate the online investment-linked finance market by expanding mid-interest loans and developing high-quality investment products.

Winkstone Partners, which registered as an online investment-linked finance operator on the 13th of last month, has additionally hired about 20 people so far. They plan to hire up to 50 people within this year and around 100 by the end of next year.

Movements to find new revenue streams are also active. PeopleFund announced at the end of last month that it would enter the 'Personal Credit Information Management Business (MyData)' sector, becoming the first in the industry to do so. Through the MyData service, they plan to actively supply mid-interest loans to low- and medium-credit borrowers. They will also provide personal delinquency management and asset soundness evaluation services.

Kim Dae-yoon, CEO of PeopleFund, emphasized, “The MyData business is an important opportunity to shift the credit information industry from the perspective of existing financial companies to that of consumers,” adding, “By obtaining the main license for MyData, we will provide hyper-personalized financial services for low- and medium-credit financial consumers who have been marginalized so far.”

In the case of Lendit, it succeeded in raising a large-scale investment of 50.4 billion KRW from H&Q Korea on the 12th of last month. H&Q Korea has invested in JobKorea, 11st, Mando, Hi-Mart, Ildong Pharmaceutical, and others. This investment was made through H&Q Korea’s 4th blind fund, which was formed in October last year. Lendit explained that it has established a stable foundation for full-scale quantum growth in the second half of the year.

Kim Sung-jun, CEO of Lendit, said, “This investment provides a solid foundation to focus on technology development with a more long-term perspective,” and added, “By combining H&Q Korea’s experience and network in the financial industry, we will innovate mid-interest loans and create a clear social impact.”

A total of seven companies have been registered as online investment-linked finance operators by the Financial Services Commission. PeopleFund, Lendit, and 8Percent were the first to register last month, with Winkstone Partners being the fourth. On the 21st, YFund, Nice Business Platform, and Korea Bill Brokerage were added to the list of registered operators. Currently, registration reviews for 34 companies are underway.

This content was produced with the assistance of AI translation services.