Korean startup Elefund is providing a P2P (Peer to Peer) finance platform in the form of loan cloud funding. It is a new Fintech business that no existing finance institutions could realize. Therefore, the vision of Elefund is to establish an investment specialized finance platform which anyone can easily access.
What is Special about Elefund
- Their own philosophy when operating makes them stand out.
- They block risks first according to a risk management manual.
- Auction system base is used when choosing the subjects which have been accumulated for more than 13 years, with more than 300,000 cases.
- They check accidental risks and average pricing by checking out the sites by in person.
- The borrower’s reputation and transaction records are checked in advance.
- They decide on borrower’s credit score based on the Elefund’s rating system to analyze them systematically.
Main Service
What Elefund provides is NPL P2P fund. NPL P2P fund is a P2P finance platform that Elefund collects money from P2P investors and lend it to NPL. Therefore, they are trying to build an investment specialized financial platform that is easily accessible. In addition, with technology and differentiated competitiveness and labor force, they are trying to lead the future finance industry.
How to use Elefund
How to use Elefund- Make your own account and log-in.
- Create a virtual account using the upper bar, the right section called “My Elefund, account management.”
- Set up a refund account.
- Look through investment products.
- Request for investment after checking out the product page. You can invest your money starting from 10,000 won.
- Once you verify your investment, it will automatically relocate you to the investment request completion page. Be sure if you are relocated well.
- Using the upper bar, “My Elefund, account management” you can check out your investment history.
