Hana Bank Signs Partnership Agreement with HiFunding as OnTuUp Escrow Institution

Supporting Digital Financial Services for OnTuUp Users, Including Fund Deposits, Withdrawals, and Loan Settlement
Building a Secure Digital Financial Ecosystem Through Collaboration With Fintech Companies

Hana Bank announced on December 2 that it will begin managing the escrow accounts for HiFunding, an online investment-linked financial company.

HiFunding, which operates in the online investment-linked financial industry (OnTuUp), was established in 2021 and runs an online platform that facilitates linked loans between investors and borrowers, offering products such as stock purchase loans (stock loan).

Through a partnership agreement as an OnTuUp escrow institution, Hana Bank and HiFunding plan to collaborate so that investors and borrowers using the HiFunding platform can access OnTuUp services more securely.

In particular, Hana Bank will safely manage the funds of investors and borrowers using OnTuUp services and support digital financial services to ensure smooth fund deposits and withdrawals, as well as the settlement of loan principal and interest for OnTuUp users.

A Hana Bank representative stated, "Based on Hana Bank's digital technology, infrastructure, and financial expertise, we plan to support HiFunding users so they can use OnTuUp services securely," adding, "We will continue our efforts to foster a safe digital financial ecosystem for our customers by supporting the sound growth of the OnTuUp market and expanding cooperation with fintech companies with advanced technology."

A HiFunding representative commented, "Through this partnership with Hana Bank as an escrow institution, we have established a more stable and efficient fund management system," adding, "We plan to provide a wider range of investment opportunities and services based on our enhanced fund management system, and to develop into an OnTuUp investment platform where stability and innovation coexist."

This content was produced with the assistance of AI translation services.