ConnexioH, a South Korean alternative credit rating startup, has secured investment through the “CNTTech DB Dream Big Fund,” jointly managed by CNTTech and DB Capital. In this funding round, ConnexioH was recognized for its strong growth potential and capabilities for global expansion following legal and technical due diligence.

ConnexioH provides non-financial information-based credit evaluation services to financial institutions by leveraging AI and machine learning to analyze data from over 1.18 million businesses, more than 300 million data-driven products, and over 3 million collected keywords. The company also operates “Memopan,” a sales data analysis solution for e-commerce businesses, utilizing its extensive data collection.

In January 2024, ConnexioH was selected for investment through ongoing collaboration with DB Capital and the Second Seoul Fintech Lab, where it is currently based. The Second Seoul Fintech Lab is a startup incubator dedicated to discovering and nurturing early-stage fintech and blockchain companies. It supports resident startups with mentoring, networking, demo days, and opportunities to participate in domestic and international exhibitions.

A representative from the Second Seoul Fintech Lab stated, “ConnexioH has rapidly grown since joining, thanks to its cutting-edge technology and innovative business model. With this investment, we expect ConnexioH to achieve success not only in Korea but also in the global fintech market. We will continue to actively support promising fintech startups in their growth.”

Kang Seok-min, Team Leader at DB Capital, commented, “ConnexioH is an innovative data platform company bridging e-commerce and finance, with significant long-term growth potential. We anticipate that this investment will position ConnexioH as a new standard-bearer in the fintech industry.”