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Funded

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P2P lending marketplace connecting borrowers and investors for better returns.

Overview

Funded operates as a peer-to-peer lending marketplace that connects individual borrowers with investors, facilitating direct financial transactions while bypassing traditional financial institutions. The platform employs algorithms and data analytics to evaluate borrower creditworthiness and offers various loan products, including personal loans and debt consolidation. Funded addresses the issue of low returns on traditional savings accounts by providing investment opportunities with competitive interest rates. Its target audience consists of individuals seeking improved returns on their savings and borrowers in need of flexible loan options. The platform incorporates identity verification technology and has established partnerships with Korea University and KB Insurance to enhance its service offerings and manage risks for both borrowers and investors.

Key facts

Founded
2016
Headquarters
Seoul, South Korea

Business model

Contact

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About Funded

What does Funded do?

Funded operates as a peer-to-peer lending marketplace that connects individual borrowers with investors, facilitating direct financial transactions while bypassing traditional financial institutions.

Where is Funded headquartered?

Funded is headquartered in Seoul, South Korea.

When was Funded founded?

Funded was founded in 2016.

Which sector is Funded in?

Funded operates in Digital Lending, part of Financial Technology.

Who are Funded's competitors?

Companies similar to Funded include WeFinance, Doopla, and Iuvo.