"170,000 Citizens Raise 13.3 Billion KRW"... Wadiz Announces Three-Year Achievements in Small Business Support

Full-scale Support for Global Expansion in the Second Half of the Year

Wadiz announced on the 24th that through the 'Our Neighborhood Crowdfunding' support project, 876 local small business owners have achieved a cumulative funding of 13.3 billion KRW over the past three years.

The 'Our Neighborhood Crowdfunding' support project is a small business support initiative run by the Ministry of SMEs and Startups and the Small Enterprise and Market Service. It helps small business owners raise funds from local residents, office workers, and investors.

Wadiz announced on the 24th that through the 'Our Neighborhood Crowdfunding' support project, 876 local small business owners have achieved a cumulative funding of 13.3 billion KRW over three years. Wadiz

Wadiz was selected as the operating agency in November 2023 and has managed the support project for three years up to this year.

Wadiz recruited small business owners nationwide who needed funding and supported their growth through crowdfunding. Over the three-year period, a total of 876 small business owners participated, raising a cumulative 13.3 billion KRW from 170,000 citizens. The average success rate of the crowdfunding projects reached 90%.

By year, 4.3 billion KRW was raised in 2023, 4.4 billion KRW in the first and second halves of 2024, and this year, in just half a year, about 220 small businesses participated, raising 4.6 billion KRW and achieving the highest performance ever. The number of supporters who participated in small business crowdfunding this year was about 50,000.

Starting in the second half of this year, Wadiz plans to strengthen its position as a partner that not only helps local small businesses enter the online market for the first time, but also expand overseas, through the advancement of AI-based global services and support projects.

Choi Dongcheol, Vice President of Wadiz, said, "Crowdfunding is the fairest stage and a new opportunity for small business owners," adding, "It is significant that the government and the private sector have cooperated to go beyond simple financial support and establish a foundation for small businesses to achieve sustainable growth."

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