FiNovus Lab (PAYMONTHS)

Fast growing B2B Buy Now Pay Later (BNPL) Startup in Korea.

General Information
Company Name
FiNovus Lab (PAYMONTHS)
Founded Year
2020
Location (Offices)
Korea South +1
Founders / Decision Makers
Number of Employees
4
Industries
E-Commerce, Finance, Financial Services +2
Funding Stage
Series A
Social Media

FiNovus Lab (PAYMONTHS) - Company Profile

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`FiNovus Lab (PAYMONTHS) is a fast-growing B2B Buy Now Pay Later (BNPL) startup based in Korea. Founded in 2020, the company aims to address SMEs' liquidity challenges through its BNPL solution. Paymonths, the first B2B BNPL service in Korea, leverages a machine learning-backed Credit Scoring Model to facilitate digitized payments in the B2B market, which was previously reliant on cash transactions. The company has garnered significant attention in the fintech space and received a substantial KRW1.80B Series A investment on 01 February 2024 from Strong Ventures, Wisdom, and Kakao Pay. With a focused mission to lead the Korean payment market, FiNovus Lab is poised to become a major player in the financial services industry. The company's exponential growth trajectory signifies potential for a lucrative investment opportunity.`

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Taxonomy: Buy Now Pay Later, BNPL, Korean startup, Seoul-based, SMEs, liquidity, digitized payments, credit scoring model, fast-growing startup

Funding Rounds & Investors of FiNovus Lab (PAYMONTHS) (3)

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Funding Stage Amount No. Investors Investors Date
Series A KRW1.80B 3
Strong Ventures, investor in FiNovus Lab (PAYMONTHS)'s Series A round Wisdom, investor in FiNovus Lab (PAYMONTHS)'s Series A round
Kakao Pay 		01 Feb 2024
Seed Round KRW1.10B 2
Strong Ventures, investor in FiNovus Lab (PAYMONTHS)'s Seed Round round
Hansae Yes 24 Partners 		07 Feb 2022
Seed Round Unknown 3
SparkLabs Accelerator, investor in FiNovus Lab (PAYMONTHS)'s Seed Round round POSTECH Holdings, investor in FiNovus Lab (PAYMONTHS)'s Seed Round round
Hansae Yes 24 Partners 		07 Jul 2021

Latest News of FiNovus Lab (PAYMONTHS)

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No recent news or press coverage available for FiNovus Lab (PAYMONTHS).

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