South Korea’s PeopleFund raises $20M led by Bain Capital

PeopleFund Company, the South Korea artificial intelligence (AI)-based digital lending platform, has recently closed a $20 million funding round led by Bain Capital. A total of nine companies including Access Ventures, CLSA Capital Partners LendingArk Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners, and IBX Partners have also…

South Korean online lending platform PeopleFund raises $64M Series C funding led by Bain Capital

PeopleFund will utilize the funds to hire artificial intelligence (AI) engineers and acquire alternative data to further upgrade its credit-scoring algorithm while focusing on credit scoring technology with the acquisition of MyData license set for late this year.