In the Press
Fin2B opens accounts receivable discount platform
– The Korea Herald, April 28, 2017
Fintech startup Fin2B on Thursday announced that it has opened an accounts receivable discount platform, serving as a supply chain finance solution, and is moving beyond the domestic market to enter the Asian market.
“Currently, our accounts receivable discount platform is in its pilot phase, working together with affiliates of large conglomerates in Korea,” said Fin2B’s CEO Park Sang-soon. “We are also planning to operate this platform in cooperation with Vietnamese companies in the second half of the year.”
Fin2B to launch service to help liquidate accounts receivable for SMEs
– Pulse, June 21, 2016
Fin2B Co., a South Korean fintech start-up, will soon launch a service to help liquidate accounts receivable for small and medium-sized enterprises (SME) at an affordable discount rate, according to sources on Monday. The service is available via online and mobile platforms.
SMEs usually receive accounts receivable from transaction parties, mainly large companies, to secure future payment. But accounts receivable may be paid up to 90 days later, often leading to mismatch in the balance sheet for SMEs.