PeopleFund , CEO & Founder
Joey Kim is the Founder and CEO of the Peer-to-Peer lending platform PeopleFund; Korea’s first and only Peer-to-Peer lending platform fully integrated with a commercial bank. PeopleFund was approved for business in June 2016 by the Financial Supervisory Service (FSS), and with its regulatory breakthrough, PeopleFund became the first platform in the country to provide average consumers with opportunities to directly invest in personal unsecured loans. PeopleFund operates fully online with automated processes and credit rating model involving minimal human resources and no branches, which in result has lowered the underwriting cost to 1/3 of that of the traditional banks. USD 130 million in loans have been originated by PeopleFund since its launch, ranking itself as the fastest growing Peer-to-Peer lending platform in Korea.
Prior to founding PeopleFund, Joey has started his career in Corporate Finance team at Macquarie Securities' Investment Banking Division. After his experience in banking, Joey spent 5 years in management consulting at Bain & Company conducting multiple corporate M&A, vision & portfolio strategy, and operation reengineering projects, in both Seoul and Boston office. Subsequently, he joined Softbank Ventures as a Venture Capitalist to discover, invest, and manage numerous startups at various stages focusing on the internet/mobile industry. Following his career at Softbank Ventures he founded PeopleFund Company in 2015.