Coupa Selected for 'Majung Program' by Ministry of SMEs and Startups and Microsoft Korea

Full-scale Development of 'Omni Pro' Begins

On July 25, Coupa announced that it has been selected as a final participant in the 'Majung Program,' a collaborative initiative promoted by the Ministry of SMEs and Startups and Microsoft Korea (MS).

The Majung Program is a project that supports the technological advancement and business growth of companies that develop and operate cloud-based B2B (business-to-business) solutions.

Noh Myunghun, CEO of Koopa, and Shin Minseok, Manager at Microsoft, are taking a commemorative photo. Koopa

Coupa will receive up to 200 million KRW in business funding, as well as support from MS in the following areas: cloud and artificial intelligence (AI) technology, education and consulting, domestic and international market expansion, investment attraction, and connection to global networks.

Based on its self-developed AI financial infrastructure, Coupa operates a real-time financial analysis solution called 'Omni.' By integrating and analyzing vast amounts of information such as disclosures, transaction data, and economic indicators, Coupa provides investment insights to client companies and investors.

With this selection, Coupa plans to actively utilize MS's Azure Open AI and distributed computing infrastructure to begin full-scale development of 'Omni Pro,' which will feature enhanced security and scalability.

Namheon Noh, CEO of Coupa, stated, "We will use the Majung Program as a stepping stone not only to advance our technology, but also to actively expand opportunities for collaboration with overseas financial institutions."

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