Seven Angels Holdings Acquires P2P Platform Elefund

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On June 1st, Seven Angels Holdings announced the acquisition of real estate P2P financial platform, Elefund, in addition to welcoming Jun-kyun Kim, ex-director at HI Asset Management, as its new business adviser and CEO of Elefund.

Seven Angels Holdings held initial investment of 700M KRW (624K USD) in Elefund in last September, and has acquired the real estate startup to build its competitive advantage in fintech. Under Seven Angels Holdings, Elefund will be responsible for the parent company’s fintech arm based on its expertise in real estate.

The newly selected CEO, Jun-kyun Kim, is an alternative investment professional with 26 years of experience in HI Investment Holdings and HI Asset Management. Kim will be responsible for overseeing all subsidiaries within Seven Angels Holdings. As the CEO of Elefund, Kim will devise business growth strategies.

Seven Angels Holdings strives to strengthen its financial competitive advantage and to adapt to the changing P2P regulatory environment. It also plans to expand its investment through various promotions and support programs by focusing on individual and corporate investors.

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Michelle is a tech writer and a tea aficionado. You can reach her at eunjeonghur@techforkorea.com.

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