Korean Fintech startup 276 Holdings announced that it has successfully completed a Series A investment round totaling USD 2.1 million (KRW 2.9 billion). A total of five companies participated in this round: Korea Investment Accelerator, HG Initiative, Magna Investment, Dunamis Asset Management, and Big Basin Capital.

276 Holdings achieved a 400% increase in sales compared to 2023 last year and has been recognized for various external support projects, including receiving an award from the Minister of Science and ICT. These achievements and results led to the trust of investors and the successful Series A round.

The company plans to expand its services and advance its platform simultaneously with this investment. Specifically, it has established a strategy to introduce AI technology into corporate credit evaluation and cash flow analysis to provide a more precise evaluation system and customized financial services.

276 Holdings provides accounts receivable securitization (FLOWPOINT) and raw material purchase fund support (FLOWPAY) solutions to solve the cash flow problems of small and medium-sized enterprises. This Series A investment is considered a recognition of the platform’s scalability and growth potential in the market. The company also presented a vision to accelerate its entry into the global market with the goal of becoming the No. 1 in the corporate BNPL market and achieving an IPO within the next five years.

Notably, Dunamis Asset Management’s new participation in this round has laid the groundwork for the formation of a private equity fund to facilitate the liquidity of small and medium-sized enterprises, and Big Basin Capital, based in Silicon Valley, USA, will accelerate its full-fledged overseas market expansion activities.

In-geun Shin, CEO of 276 Holdings, stated, “Through this investment, we will internally advance our AI-based evaluation model to create an ecosystem where small and medium-sized enterprises can utilize funds more transparently and efficiently.” He added, “Furthermore, we will create an opportunity for innovative growth by leveraging business ties with new shareholders.”