Finda Builds Non-Face-to-Face Commercial Real Estate Secured Loan Brokerage System

Collaborating on the Value of Startup Spaces

Fintech company specialized in loans, Finda, announced on the 29th that it has signed a strategic business agreement (MOU) with AI real estate valuation startup ‘Gonggan-ui Gachi’ to establish a ‘non-face-to-face one-stop brokerage system for commercial real estate secured loans.’

The signing ceremony held at Finda’s office in Gangnam-gu, Seoul, was attended by Finda co-CEO Lee Hye-min, Finda Partnership Head Seo Gwan-su, Gonggan-ui Gachi CEO Park Seong-sik, and other representatives from both companies. Gonggan-ui Gachi is a proptech startup that has developed the only nationwide AI estimators for residential, land, and commercial real estate in Korea, providing services to domestic and international financial institutions such as KB Kookmin Bank and KSCI. It also owns Prime Appraisal, a professional appraisal firm.

Finda participated as an investor in Gonggan-ui Gachi’s Series A round in December 2022 and expects to maximize collaboration synergy through business linkage.

Through this agreement, Finda and Gonggan-ui Gachi have agreed to mutually cooperate in ▲providing a non-face-to-face one-stop loan purchasing experience to Finda’s commercial building loan customers and Gonggan-ui Gachi’s personal loan customers ▲expanding channels for non-face-to-face real estate loan comparison and brokerage services ▲strengthening capabilities and synergy through discovering new business collaboration models.

Finda intermediates over 300 loan products, including credit loans, mortgage loans, jeonse loans, and auto loans, targeting users from various backgrounds such as office workers, business owners, and freelancers. The cumulative loan brokerage amount to date reaches approximately 10 trillion KRW. With this agreement as a turning point, Finda plans to actively expand its non-face-to-face loan domain to include commercial real estate and land in addition to its existing product lineup.

Seo Gwan-su, Head of Partnerships at Finda, said, “Through this agreement, we expect to attract a large number of users who have been excluded from the non-face-to-face loan market, such as commercial real estate and landowners and corporate rental business operators, who previously found it difficult to obtain loans through loan comparison platforms. We will work together with Gonggan-ui Gachi to create synergy in the Korean real estate loan comparison market.”

On the 29th, at the Finda office in Gangnam-gu, Seoul, Seokwan Su, Head of Partnerships at Finda (left), and Seongsik Park, CEO of Gongganui Gachi (right), are posing for a commemorative photo at the strategic business agreement ceremony between Finda and Gongganui Gachi.