OntoUp Financial Company OasisFund Selected for Ministry of SMEs and Startups 'Early Startup Package Support Project'

Onto-up platform Oasis Fund announced on the 13th that it has been selected for the ‘Early Startup Package Support Project’ supported by the Ministry of SMEs and Startups and the Korea Institute of Startup & Entrepreneurship Development.

The Early Startup Package Support Project is a program that provides funding for item commercialization to companies within three years of establishment through a lead organization with startup support capabilities, offering opportunities for early startups and chances for growth.

Oasis Fund, selected for the support project, will receive support for business expansion such as commercialization funds and marketing for business item growth until February 2023.

Oasis Fund provides an evaluation system that includes market prices and alternative information on borrower collateral to predict and analyze price fluctuations and declines, enabling the calculation of appropriate loan limits for borrowers and selecting collateral properties with low default rates for investors.

Oasis Fund is an onto-up company that legalizes P2P financial services, and onto-up is an alternative financial service that connects investors and borrowers through an online platform. The ‘Online Investment-Linked Finance Business and User Protection Act (Onto-up Act)’ was enacted in August 2020.