Funded Co. careers

Funded is a Korean peer-to-peer lending marketplace. (funded.co.kr)

Korea’s loan market presents polarization in its lending rate. While borrowers with best to better ratings lend from banks at a low single digit rate, borrowers who fail to do so are forced to use alternatives like Savings Banks or Capitals at an average rate over 20%.

We solve the problem by creating mid-rate loan market with rates of 5~15% APR. We do so by meticulously distinguishing decent borrowers who were forced to use non-bank lending, using our own credit evaluation model. We create efficient market segmentation by cutting out traditional financial intermediaries and connect direct finance between borrowers and investors.