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South Korea
Mar 2015 (11 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know PeopleFund
Company Information
Get to know PeopleFund
Founded in 2015, PeopleFund is a leading peer-to-peer (P2P) lending and alternative investment platform in South Korea. The company's mission is to innovate the financial industry by leveraging technology to provide better financial products for everyone. It utilizes a proprietary artificial intelligence credit scoring model to assess borrower risk, aiming to offer lower interest rates to borrowers who are often underserved by traditional banks, while providing investors with diversified and stable mid-return investment opportunities. PeopleFund was the first and largest marketplace lender in Korea to be fully integrated with a tier-one bank, enhancing the security and stability of its platform.
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