Growing Auto Finance Platform... Finda and BNK Capital Join Forces

Development of Automated Limit Review for Long-term Rental and Lease Services

From the left, Hongmin Park and Hyemin Lee, co-CEOs of Finda, and Dooho Lee, CEO of BNK Capital (Provided by Finda)

[Asia Economy Reporter Minwoo Lee] Fintech company Finda and BNK Capital are jointly developing an automotive finance platform.

Finda announced on the 12th that it has signed a 'Strategic Business Agreement (MOU) for the Activation of an Automotive Finance Platform' with BNK Capital.

Accordingly, the two companies will first work on automating the limit screening system for Finda Auto's long-term rental and lease services. Launched in April, Finda Auto's long-term rental and lease service is characterized by providing confirmed estimates non-face-to-face. Unless the customer changes special conditions at the contract stage, the Finda confirmed estimate and the contract amount are identical.

Additionally, Finda improved the user experience and interface (UX·UI) to allow customers to explore prices of various car models without limits. Customers can quickly search prices by car model and conditions according to their financial situation and preferences, and also check rental and lease products that can be delivered immediately upon contract. Furthermore, with just one identity verification, customers can receive the final estimate without submitting any documents.

Lee Hyemin, co-CEO of Finda, said, "To create a reliable automotive finance service that provides confirmed estimates from the price comparison stage, we have been discussing with various financial institutions for the past year and a half to enhance the service completeness," adding, "This agreement will be a good foundation for both companies to provide convenience to customers and gain trust."

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