Korea Credit Guarantee Fund Partners with Naver Pay and CodeBox to Support Startup Fundraising

BASA Business Analysis System Integrated with Npay Startup
76 Companies from 6 Industries Participate in "Shinbo NEST"

Korea Credit Guarantee Fund is partnering with Naver Pay and CodeBox to support fundraising for innovative and venture companies. The plan is to link corporate information and artificial intelligence (AI)-based business analysis capabilities owned by Korea Credit Guarantee Fund to private investment platforms, aiming to reduce information asymmetry in the venture capital market.

On October 1, Korea Credit Guarantee Fund announced that it had signed a "Business Agreement for Activation of the Naver Pay Startup Platform and Formation of a Venture Capital Ecosystem" with Naver Pay and CodeBox on September 30. The "Naver Pay Startup" is a venture capital investment platform launched in July through collaboration between the Financial Supervisory Service, Naver Pay, and CodeBox. It provides information on startups and supports matching between companies and investors.

Under this agreement, Korea Credit Guarantee Fund will connect Naver Pay Startup with corporate information and AI management diagnosis services held by its proprietary business analysis system, "BASA." In addition, exemplary guaranteed companies seeking investment will be identified and recommended for the platform.

Naver Pay established a dedicated investment attraction section called "Shinbo NEST" within the platform in August. Currently, Shinbo NEST includes a total of 76 companies from six industries. Korea Credit Guarantee Fund and Naver Pay plan to use this dedicated section to increase the likelihood of matching between participating companies and investors.

Korea Credit Guarantee Fund expects the collaboration to enable investors to discover promising startups more easily based on corporate information and analysis data. It also anticipates a reduction in the burden on companies seeking investment, as they will no longer need to directly search for suitable investors.

B.C. Chae, Executive Director at Korea Credit Guarantee Fund, stated, "We hope this agreement will expand the foundation of the venture capital investment market by leveraging our corporate data and analytics capabilities," adding, "We will continue to provide substantial support to ensure smooth financing and sustainable growth for innovative companies."

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