Launched in 2008, Money Auction is an online P2P lending platform operated by au Jibun Bank, a major internet bank in Japan. The service facilitates direct lending between individuals, bypassing traditional financial intermediaries. Its unique feature is the auction model, where potential lenders bid on the interest rate they are willing to offer for a specific loan request, allowing borrowers to secure funding at competitive rates determined by market supply and demand. The platform manages the entire process, from borrower credit screening to the administration of loan repayments.

Founded in

South Korea