Two AI fintech companies, ‘Innopin’ and ‘Alchemilab,’ announced that they are joining forces to enter the Japanese market.
Leading financial deep-tech company Innopin Co., Ltd. (CEOs: Son Sang-hyun, Lee Seung-yeop) and AI future prediction specialist Alchemilab Co., Ltd. (CEO: Kim Han-saem) signed a business agreement on the 23rd regarding their entry into the Japanese market, expressing a strong determination to achieve their first sales within this year.
Innopin, which entered the fintech industry early and continues to show stable growth, provides global financial product analysis services based on AI and big data technologies, with major domestic securities firms as its clients. It is well known to individual investors through its mobile financial information platform app, ‘Tuja-ui Dalin’ (Master of Investment).
Although relatively new, Alchemilab, which develops ‘spicy’ AI for the world, is no less formidable. Alchemilab has a vision to revive Modern Portfolio Theory through artificial intelligence. It does not offer services to individuals but supplies hedge fund asset allocation solution ‘Jjolbo’ and future uncertainty data content platform ‘Selfrecipe’ in a B2B format.
The collaboration between the two companies will take place at ‘Innopin Japan,’ which Innopin plans to establish within this year. Son Sang-hyun, co-CEO of Innopin, stated, “Innopin has meticulously prepared all the necessary processes for fintech business stabilization, from basic technology research to marketing. Recently, a fintech boom has been occurring in Japan, and we believe Innopin’s technology will be well applied there. You can look forward to it.”
The two CEOs first met a year ago through Seoul Fintech Lab and have been contemplating AI technology collaboration since then. They explained that Innopin’s successful experience in AI fintech helps the startup Alchemilab, while Alchemilab’s passion for basic technology research creates a definite synergy that enhances Innopin’s added value.
The official launch of Innopin Japan is planned to be announced in October.
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