276 Holdings, a Korean fintech startup that provides solutions for small and medium-sized enterprises (SMEs) to secure funding, has raised a Series A investment from Korea Investment Accelerator.

276 Holdings offers various solutions that allow SMEs facing difficulties in production, distribution, or those requiring a catalyst for cash flow, to secure funding by leveraging their accounts receivable. To date, the company has processed approximately  510 million USD (670 billion KRW) in SME receivables from over 1,070 companies through its online platform.

In addition to its existing Flow Point service, which supports the liquidity of accounts receivable through electronic document issuance, detailed management, and transfer agency functions, 276 Holdings launched Flow Pay, a B2B raw material Buy Now, Pay Later (BNPL) service in 2024. This new service recorded approximately 3.2 million USD (4.2 billion KRW) in sales, a 400% increase compared to the previous year.

Nam Woo-hyun, Team Leader at Korea Investment Accelerator, commented, “There has been a massive unmet demand in the SME financing sector. With 276 Holdings’ exclusive data pipeline and the expertise accumulated from operating in similar areas, we expect that they will be able to realize inclusive finance through the advancement of credit scoring models.”

Shin In-geun, CEO of 276 Holdings, stated, “Through market validation up until last year, we confirmed the potential and growth prospects of our new services. With this year’s investment, we aim to establish ourselves as a definitive alternative solution for SMEs, especially those who are facing deadlock due to a lack of funding options outside of institutional and financial sectors.”