“2022 will be marked as a year of turbulence for fintech, with the global public market adjustment alongside changes in the macro environment. Meanwhile, the Korean consumer lending market has undergone a dramatic transition into the mobile sphere, with big players like KakaoPay and Toss leading the change. This transition, coupled with the instability of the credit market, is opening up opportunities for tech-based digital lenders and its technologies to highlight our competence compared to traditional financial institutions.”

https://techcrunch.com/2023/01/17/p2p-lending-platform-peoplefund-tacks-on-20m-to-series-c-led-by-bain-capital/