KB Financial Group has geared up to coordinate with rising fintech start-ups to take the industry mainstream.
KB Financial launched “KB Starters Valley” in March to offer all-in-one package of services to promising start-ups, which include working space, mentoring service, funding and partnership with the financial group.
The start-ups, or KB Starters, prove their business values by selling themselves on a crowdfunding platform. If raised money meets its goal, KB Financial will invest the equivalent sum of money to the start-ups, group officials said.
The proven ventures also cherish opportunities to partner with the nation’s leading financial group. The projects range from online-to-offline and security to solution provision. Through KB Starter Valley, the start-ups can even go into Southeast Asian market to co-work with local information technology corporates.
KB Financial signed a memorandum of understanding in mid-June with several local banks to introduce fintech based banking service to Cambodia.
The group official said the start-up nurturing plan is a “win-win game“ to both sides as venture firms need project experiences with large companies while others need to adopt the cutting edge fintech solution to provide high-tech banking services.
