AIZEN Global

About AIZEN Global

AIZEN Global, a South Korean fintech company founded in 2016, operates as an AI-driven credit facilitator. The company was established by CEO Jung Seok Kang, along with co-founders Sang Kyun Cha and Keun Kwan Ryu. Kang's background at Citigroup and his MBA studies in data-driven marketing in the U.S. inspired the vision for automating financial systems with AI. This led to the creation of AIZEN, which focuses on embedding financial services into data-rich industries.

The core of AIZEN's offering is its Banking-as-a-Service (BaaS) platform, CreditConnect, which is powered by a proprietary automated machine learning engine called ABACUS. This platform bridges the gap between traditional financial institutions and the growing data economy. AIZEN's business model involves providing its AI-powered solutions to banks and other financial institutions, enabling them to launch banking services, acquire customers, and manage risk more efficiently without significant upfront IT investment. The company serves major financial players like Woori Bank, Hyundai Card, and Samsung Fire & Marine Insurance, helping them automate critical decisions throughout the entire credit lifecycle, from planning and risk assessment to collections.

CreditConnect analyzes non-financial data from e-commerce, mobility, and other digital platforms, converting it into actionable credit information. This allows banks to offer tailored lending products to previously underserved segments, such as SME e-commerce vendors and EV drivers. For instance, the platform analyzes data like sales statistics, return rates, and scheduled payments for online vendors to determine creditworthiness. In the e-mobility sector, the "EV CreditConnect" service uses data from electric vehicles, including battery information, to facilitate financing, supporting the transition to sustainable transportation. AIZEN establishes partnerships with platform operators like Grab, Lazada Logistics, and Sinar Mas Group to deploy these services, primarily targeting markets in Southeast Asia, including Vietnam and Indonesia.

Since its inception, AIZEN has achieved significant milestones, securing a total of $4.2 million in a Series B funding round in May 2020, led by Translink Investment. The company has received numerous accolades, including winning first place at Hong Kong FinTech Week, being named a Gartner Cool Vendor, and ranking second in the Global category at the Singapore FinTech Festival (SFF) Awards in 2020. With over 200 patents registered in the financial AI field, AIZEN is expanding its footprint across Asia and into the U.S. market, focusing on green technology and EV adoption.