`FiNovus Lab (PAYMONTHS) is a fast-growing B2B Buy Now Pay Later (BNPL) startup based in Korea. Founded in 2020, the company aims to address SMEs' liquidity challenges through its BNPL solution. Paymonths, the first B2B BNPL service in Korea, leverages a machine learning-backed Credit Scoring Model to facilitate digitized payments in the B2B market, which was previously reliant on cash transactions. The company has garnered significant attention in the fintech space and received a substantial KRW1.80B Series A investment on 01 February 2024 from Strong Ventures, Wisdom, and Kakao Pay. With a focused mission to lead the Korean payment market, FiNovus Lab is poised to become a major player in the financial services industry. The company's exponential growth trajectory signifies potential for a lucrative investment opportunity.`
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FiNovus Lab (PAYMONTHS)
Fast growing B2B Buy Now Pay Later (BNPL) Startup in Korea.
Korea South
4 employees
Series A
Total: $2.90B
E-Commerce, Finance +3
General Information
Korea South
BounceWatch is an independent company data service, not affiliated with FiNovus Lab (PAYMONTHS). To contact FiNovus Lab (PAYMONTHS), visit paymonths.co.kr.
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Korea South Market
E-Commerce
About FiNovus Lab (PAYMONTHS)
Taxonomy: Buy Now Pay Later, BNPL, Korean startup, Seoul-based, SMEs, liquidity, digitized payments, credit scoring model, fast-growing startup
Funding Rounds & Investors (3)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Series A | KRW1.80B | 3 |
|
01 Feb 2024 |
| Seed Round | KRW1.10B | 2 |
|
07 Feb 2022 |
| Seed Round | Undisclosed | 3 |
|
07 Jul 2021 |
FiNovus Lab (PAYMONTHS) Alternatives & Competitors
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FAQ About FiNovus Lab (PAYMONTHS)
Source: BounceWatch company record for FiNovus Lab (PAYMONTHS), https://bouncewatch.com/company/finovus-lab-paymonths, updated 19 November 2024. When citing, please name BounceWatch and link this page.
