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PeopleFund logo — Extraordinary Finance for The Ordinary

PeopleFund

Extraordinary Finance for The Ordinary

Founded 2015 Korea South Korea South 94 employees Series C Total: $68.11B Finance, Financial Services +1

General Information

Company Name PeopleFund
Founded Year 2015
Location Korea South Korea South
Founders / Decision Makers
Team member
Employees 94
Industries Finance, Financial Services, Fintech
Funding Stage Series C
Social

BounceWatch is an independent company data service, not affiliated with PeopleFund. To contact PeopleFund, visit peoplefund.co.kr.

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About PeopleFund

PeopleFund is a South Korea based startup that was established in 2015. The company has positioned itself as a leading data-driven digital lender in the consumer finance sector with the mission of providing financial freedom to consumers through more affordable loans and improved investment opportunities. Utilizing its proprietary credit model and technology to eliminate inefficiencies, PeopleFund has achieved a significant milestone by surpassing $1 billion in loan originations, distinguishing itself as the first digital lender in Korea to achieve this feat. Moreover, the company has innovatively catered to approximately 400,000 retail investors, offering loan and investment products directly on KakaoTalk, the Korean equivalent of WhatsApp. In terms of funding, PeopleFund successfully completed its Series B round, raising a total of $24 million of equity capital. The last investment, a Series C round, amounted to $20 million and took place on 18 January 2023, with participation from esteemed investors including 500 Startups, Access Ventures, Bain Capital, CLSA Capital Partners, D3 Jubilee Partners, IBX Partners, TBT Partners, and Kakao Investment. The company's achievements in the fintech and financial services sectors, along with its ability to attract substantial investments, illustrate its potential for continued growth and success. For more details, visit www.peoplefund.co.kr.

Taxonomy: digital lending, consumer finance, fintech platform, data-driven credit model, innovative investment opportunities, KakaoTalk integration, Series B funding, Series C funding, equity capital, p2p lending, alternative investments, retail investors, institutional investors, loan originations

Funding Rounds & Investors (14)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $20.00M 8
500 Startups Access Ventures Bain Capital
500 Startups, Access Ventures +6
18 Jan 2023
Venture Round KRW25.00B 1
Bain Capital
Bain Capital
30 Nov 2022
Venture Round KRW15.00B 2
IBX Partners
IBX Partners, TBT
30 May 2022
Series C $63.40M 4
500 Startups Bain Capital Goldman Sachs
500 Startups, Bain Capital +2
30 Nov 2021
Venture Round Undisclosed 1
500 Startups
500 Startups
27 Jul 2021
Venture Round Undisclosed 1
500 Startups
500 Startups
23 Mar 2021
Series C KRW28.00B 1
CLSA Capital Partners
CLSA Capital Partners
30 Sep 2020
Venture Round Undisclosed 1
500 Startups
500 Startups
22 Apr 2020
Series B $6.25M 3
CLSA Capital Partners
CLSA Capital Partners, Shinhan Investment +1
13 Jun 2019
Series B $11.00M 6
500 Startups Ryukyung PSG
500 Startups, Ryukyung PSG +4
30 Oct 2018

View All 14 Funding Rounds

PeopleFund Alternatives & Competitors

View All Alternatives
PeopleFund vs
Cashkumar - Borrow Quick. Lend Smart.
Cashkumar - Borrow Quick. Lend Smart. India

RBI licensed NBFC-P2P in India pioneering short-term P2P lending

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19 employees
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PeopleFund vs
XP Asset Management
XP Asset Management Brazil

A gestora mais completa do Brasil.

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PeopleFund vs
EquityNet
EquityNet United States

The only equity crowdfunding platform that lets entrepreneurs connect directly with investors.

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Also compare with: PeopleFund vs Funding Societies Malaysia Funding Societies Malaysia View all alternatives

FAQ About PeopleFund

Extraordinary Finance for The Ordinary
PeopleFund was founded in 2015.
PeopleFund is headquartered in Korea South.
PeopleFund operates in Finance, Financial Services and Fintech. Its work centres on digital lending, consumer finance, fintech platform and data-driven credit model.
PeopleFund has approximately 94 employees.
PeopleFund has completed 14 funding rounds, raising a total of $68.11B. The latest funding stage is Series C.
Top alternatives and competitors to PeopleFund include Cashkumar - Borrow Quick. Lend Smart., XP Asset Management, EquityNet, Lenme, Funding Societies Malaysia. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PeopleFund and Cashkumar - Borrow Quick. Lend Smart. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for PeopleFund, https://bouncewatch.com/company/peoplefund, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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