PeopleFund, a South Korean marketplace that connects borrowers and investors to enable lending, has recently added $20 million to its $63.4 million Series C.
Existing backer Bain Capital led the extension, with participation from previous investors such as Access Ventures, CLSA Capital Partners Lending Ark Asia, D3 Jubilee Partners, 500 Global, Kakao Investment, TBT Partners and IBX Partners.
The additional funding brings PeopleFund’s total raised to around $100 million in equity. Apart from the capital, PeopleFund also secured $240 million in debt financing in 2022 from Goldman Sachs, CLSA Lending Ark Asia and Bain Capital. The company did not disclose its valuation when asked.
In 2021, PeopleFund Read Entire Article
