About Funda
Funda is a Financial Services company based in Seoul (South Korea) founded in 2015. It operates as a p2P loans are facilitated for Korean retail stores by Funda. Funda has raised $5.69 million across 2 funding rounds from investors including Industrial Bank of Korea, POSCO Capital and SJ Investment Partners. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include C-SoU Funding.
Company details
Funda was founded in 2015 in Seoul, South Korea, as a peer-to-peer lending platform focused on the retail sector. Loans from individual investors are directed to small shops and retail stores, which often face high interest rates from traditional banks and collateral requirements. A device attachable to cash registers is utilized to monitor sales trends and seasonal variations for risk assessment. Operations are confined to local Korean businesses.
- Headquarters Seoul, South Korea
- SectorsFinancial Services
- Website funda.kr
- Total Equity Funding$5.69M (USD)
in 2 rounds
- Latest Funding Round$5.69M (USD), Series B
Jan 2020
- InvestorsIndustrial Bank of Korea
& 4 more
Funding Insights of Funda
Funda has successfully raised a total of $5.69M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $5.69 million completed in January 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $5.69M
- Total Rounds 2
- Last Round Series B — $5.69M
- First Round $1,250
(Jul 2015)
- Investors Count 5
All 2 funding rounds of Funda with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | $5.69M | Series B | – | Hyundai Venture Investment | |
| Jul 2015 | $1,250 | Grant | – | – | – |
5 investors in total: 5 institutional.
Investors in Funda
Funda has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Industrial Bank of Korea, POSCO Capital and SJ Investment Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sector-agnostic investments are pursued primarily in South Korea. | – | pvcc.co.kr | Seoul, South Korea | |
- | – | sjinvest.co.kr | - | |
Venture capital and private equity investment firm | – | utc.co.kr | Seoul, South Korea | |
- | – | hvic.co.kr | - | |
Industrial bank | 1961 | ibk.co.kr | Seoul, South Korea |
Investor details for Funda
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of Funda
3 dated milestones of Funda across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Funda is founded.
- Funding First funding round of $1K.
- Funding Latest funding round, Series B, of $5.7M.
Competitors of Funda
Funda has 1 listed competitor in our database. They include C-SoU Funding, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| c-so.co.kr | 2016 | Seoul, South Korea | – | – | P2P platform for investments in loans and funding products. |
Detailed competitors of Funda
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Funda
The website of Funda (funda.kr) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 86.2% vs previous month
Websites whose visitors overlap most with Funda. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| lendit.co.kr | 100% | 7.8K | #2,603,322 | View details | |
| 8percent.kr | 70% | 64K | #184,087 | View details | |
jaetechlab.com | jaetechlab.com | 68% | – | #5,295,122 | – |
dampick.co.kr | dampick.co.kr | 22% | – | #2,541,953 | – |
Latest news on Funda
Complete news archive for Funda
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Top companies in Alternative Lending
10 companies that operate in the same segment as Funda (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Funda
Funda was founded in 2015.
Funda is headquartered in Seoul, South Korea.
Funda is a funded company, having raised a total of $5.69M across 2 funding rounds to date. The company's 1st funding round was a Grant of $1.25K, raised on Jul 2015.
Funda was founded in 2015 in Seoul, South Korea, as a peer-to-peer lending platform focused on the retail sector. Loans from individual investors are directed to small shops and retail stores, which often face high interest rates from traditional banks and collateral requirements. A device attachable to cash registers is utilized to monitor sales trends and seasonal variations for risk assessment. Operations are confined to local Korean businesses.
Funda's top competitors include C-SoU Funding.
Funda has 5 investors. Key investors include Industrial Bank of Korea, POSCO Capital, SJ Investment Partners, UTC Investment, and Hyundai Venture Investment.