Peer-to-peer lending marketplace PeopleFund scored $11m in a series B round led by Kakao's mobile payment subsidiary that also featured Dayli Financial Group.
KakaoPay, the mobile payment subsidiary of internet group Kakao, has led an $11m series B round for South Korea-based online lending marketplace PeopleFund, increasing the company’s total funding to $17m.
Financial technology provider Dayli Financial Group, venture capital firm 500 Startups and impact investment fund D3 Jubilee also contributed to the round.
PeopleFund runs a peer-to-peer lending marketplace that integrates with financial services firm Jeonbuk Bank to process personal and business loans. Its founder and CEO, Joey Kim, was a…
