Plans to Strengthen Collaboration in the Financial Sector and Expand New Industry Platforms
[Asia Economy Reporter Kim Cheol-hyun] Artificial intelligence startup FortyTwoMaru (CEO Kim Dong-hwan) announced on the 14th that it has secured strategic Series A investments from the financial sector, including Hana Financial Group.
This investment was led by Hana Financial Investment, with significant participation from financial companies such as KDB Industrial Bank, IBK Industrial Bank, Webcash Group, Hana Bank, and Hana Card.
FortyTwoMaru's investment attraction marks its first since the seed investments from Spring Camp, a Naver-affiliated startup-focused venture capital (VC), and Techstars, Europe's largest accelerator.
The AI startup FortyTwoMaru has commercialized an optical character recognition natural language processing engine and anti-money laundering system that detect abnormal trade activities based on trade data in collaboration with Hana Bank. Additionally, it is promoting AI-based innovative service collaborations related to financial data analysis, financial software, and financial platforms with IBK Industrial Bank.
Based on this Series A investment, FortyTwoMaru plans to strengthen its collaborative relationships with the financial sector and accelerate platform expansion into new industrial fields such as legal, healthcare, and education.
Kim Dong-hwan, CEO of FortyTwoMaru, stated, "With this strategic Series A investment, we have laid the foundation for expansion not only in existing business areas but also into new industries."
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