Fintech startup Finda banks US$3.8m in series A

Finda, which covers loans, credit cards and P2P investments, nabbed US$3.8 million from Intervest, Mega Investment, Woori Bank, Coocon and Strong Ventures from the US. The company has raised US$5 million so far.

Finda has partnered with 50 financial institutions for users to compare and get recommendations on over 17,000 financial products.

Its loan platform has been granted approval for a two-year regulatory trial. The service instantly shows one’s personalized loan rate and limit from multiple banks once a user agrees to provide his/her income details electronically from National Health Insurance Service and National Tax Service. Previously, customers had to send paper loan applications and income details to each loan company to know the loan rate and limit.

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