Cafe24 Expands Financial Service Support... "Easily Secure Business Funding"

Integration of Internet-Only Bank Loan Services

Welcome Savings Bank Shopping Mall Seller Loan and Toss Bank President Loan.

[Asia Economy Reporter Lim Chunhan] Global e-commerce platform Cafe24 announced on the 25th that it has launched two non-face-to-face financial service applications for online business operators, 'Toss Bank Sajeongnim Loan' and 'Welcome Savings Bank Shopping Mall Seller Loan,' on its store.

Toss Bank Sajeongnim Loan is the first unsecured and non-collateralized loan service for individual business owners offered by an internet-only bank. It is much simpler than traditional bank loans and allows anyone to easily access it regardless of the size of the shopping mall they operate. By emphasizing no paperwork, no visits, no collateral, and no guarantees, the loan process has been greatly simplified, and online business operators can complete the entire loan application and execution process remotely. Instead of verifying guarantees from guarantee institutions or customer real estate collateral, loans of up to 100 million KRW can be obtained based on personal credit. Cafe24 customers can also receive an additional interest rate benefit of up to 0.5 percentage points.

Welcome Savings Bank Shopping Mall Seller Loan evaluates the borrower's repayment ability based on online sales settlement amounts and grants a loan limit of up to 50 million KRW. It is available even to low-credit borrowers with a maximum credit rating of grade 7, which is expected to be especially helpful for early-stage entrepreneurs and new filers (people with insufficient financial history).

Lee Jaeseok, CEO of Cafe24, said, “To grow an online business, it is essential to appropriately invest and manage funds,” adding, “We will continue to break down financial barriers for business operators based on a hyper-connected strategy that partners with various collaborators.”

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