Winkstone Partners, which provides financial services for small and medium-sized merchants, has been selected as a target company for BNK Financial Group's startup support program.
Winkstone Partners announced on the 14th that it was selected as a first-generation company of BNK Financial Group's 'StorageB' program.
'StorageB' is a growth-tailored support program that covers the stages from nurturing fintech and startups to idea commercialization and investment attraction. Depending on the support content, it is composed of three categories: 'Dream Storage,' 'Tech Storage,' and 'Business Storage.' Winkstone Partners was finally selected as a 'Tech Storage' company, which is designated for fintech companies to launch innovative financial services.
It is explained that Winkstone Partners was highly evaluated for consistently launching customized mid-interest loan products for small and medium-sized merchants using its data-based artificial intelligence (AI) composite credit evaluation model and Banking as a Service (BaaS).
Currently, Winkstone Partners handles specialized credit loan products classified by industries such as automobile parts retailers, logistics industry workers, online sellers, and franchise founders. Based on its self-developed composite credit evaluation model, it evaluates cash flow such as sales, purchases, and working capital according to the borrower's industry characteristics to provide mid-interest loans. The accumulated loan amount reaches approximately 95 billion KRW, with no delinquencies or defaults.
Oh-hyung Kwon, CEO of Winkstone Partners, said, "Taking this program as an opportunity, we will work hard with BNK Financial Group to verify innovative financial services and ensure that all 7 million small and medium-sized merchants, an important pillar of our country's economy, receive fair financial benefits."
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