어니스트펀드 develops AI-based lending risk-management solutions and operates as an online investment-linked finance firm. The company has built an in-house AI platform called 'Lending Intelligence' that learns from loan-related big data to provide risk-control services for lenders. Its platform includes non-face-to-face channel-specific risk control models, a machine-learning 'super-prime' model to better segment high-quality customers, and an AI model that detects recoveries, bankruptcies, and credit restorations. Since last year it has run performance tests with more than ten institutions, including savings banks and capital firms, and is preparing for formal service supply after validating its technology alongside traditional credit models. 어니스트펀드 intends to use new funding to expand AI fintech R&D infrastructure and to develop new financial products and services. The company also plans to deepen strategic partnerships and joint product development around CB-based services and AI-driven bond-management systems. Founded in 2015, HonestFund is a marketplace lender that applies a proprietary credit-assessment model based on big data to provide lower interest loans to individuals and corporates that struggle to secure bank financing. The company reports more than $300 million in cumulative loans and said its Q3 2018 quarter‑over‑quarter growth surpassed 400%, with an average quarterly growth rate above 54%. HonestFund positions itself as one of the largest and fastest-growing marketplace lending platforms in Korea. With the new capital the company plans to expand market share in lending, revamp its alternative investment platform, recruit top talent, and develop AI-based core technologies. The company has attracted strategic equity investment from Shinhan Bank (2016) and other institutional investors during prior rounds. HonestFund also intends to collaborate with Dunamu to bring additional financial services to market.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024