Seoul based P2P lending platform Tera Funding has raised a $9.3m Series A led by Woori Bank, Atinum Investment, SBI Investment.
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Tera Funding successfully raised KRW 10 billion (approx. US$9.3M) from Korean leading investors
It is the largest single series A investment for Korean P2P lending start-ups. As an industry pioneer, Tera Funding has achieved a record of KRW 240.8bn in total loans originated along with total amount returned to individual investors standing at KRW 136.9bn. These figures were accompanied with average rate of return at 12.45% and arrears standing at 0.34% with 0% in default rate as of 31 December 2017.
