ConnectionH

ConnectionH is a South Korean fintech startup founded in March 2020 by CEO Lee Kyoung-ho, a former CISO at Naver and a professor at Korea University's Graduate School of Information Security. The company specializes in alternative credit scoring solutions for the rapidly growing e-commerce market.

ConnectionH addresses the financial exclusion of small and medium-sized enterprises (SMEs), sole proprietors, and individual online sellers who often lack the business history required by traditional financial institutions. The company's core services are the 'Company Activity Hub' (CAH) and 'Memopan'. CAH is a business-to-business (B2B) service that provides financial institutions, such as banks and credit card companies, with real-time alternative credit assessments. It analyzes non-financial data, including e-commerce sales information and public government data, using artificial intelligence and machine learning. This allows financial institutions to develop and offer mid-interest loan products to previously underserved online merchants.

Memopan is a SaaS-based business intelligence tool for e-commerce sellers, providing them with sales data analysis to help them grow their business. The company has amassed a significant amount of data, including information on over 1.18 million sellers and 315 million product items. ConnectionH generates revenue by providing these data analysis and credit assessment services to financial institutions and partner companies. The company has received Pre-Series A and Series A funding from investors including KB Kookmin Bank, NICE Information Service, Smilegate Investment, and a joint fund by CNT Tech and DB Capital.

Keywords: alternative credit scoring, fintech, e-commerce financing, SME lending, data analytics, credit assessment, B2B, SaaS, financial data, online sellers, business intelligence, merchant data, non-financial data, credit risk, Company Activity Hub, Memopan, AI credit model, South Korea, Lee Kyoung-ho