PeopleFund Launches Ultra-Short-Term Product with Pre-Tax Yield in the 10% Range

Advance Payment Investment Product for Card Sales of Small and Medium-Sized Businesses

[Image provided by PFC Technologies]

PeopleFund, an online investment-linked finance (OnTu) platform, announced on the 11th that it will launch an ultra-short-term card sales advance investment product with a pre-tax annual yield of 12% and an investment period in 3-day units.

This product is a financial product that advances the card sales of small and medium-sized merchants in advance. It is a type of bill and accounts receivable secured investment group, launched by PeopleFund in partnership with the small business embedded finance platform "BillyCrew."

It also provides a double safety mechanism through collateral and guarantees. Since it is secured by card sales receivables generated the previous day, the risk is relatively low. Additionally, BillyCrew provides credit enhancement through joint guarantees, making it safer than existing advance investment products.

To commemorate the launch of the new product, PeopleFund is holding an event waiving fees for advance investment products numbered 1 to 100. They also plan to run an event waiving platform fees for 30 days for first-time users of the PeopleFund service and subscribers who have not invested for over a year.

Baek Geon-woo, Executive Director of PFC Technologies, stated, “To stimulate investors' interest, the yield was designed to be a generous 12% annually, about three times higher than representative short-term investment products such as Comprehensive Asset Management Accounts (CMA) and Money Market Funds (MMF), and the investment period was set as short as possible at 3 days.”