December & Company
Innovate the financial industry with information technology.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | KRW17.0b | Early VC | |
| Total Funding | 000k | ||
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Based in Seoul, South Korea, December & Company is a fintech firm established in 2013 that is focused on democratizing wealth management through artificial intelligence. The company operates in the investment advisory, discretionary investment, and specialized private collective investment sectors. Its primary offering is 'Fint', a robo-advisor service that utilizes proprietary AI to manage investment portfolios for its clients.
The Fint platform is engineered to make sophisticated investment strategies accessible, regardless of a user's financial knowledge or the amount they wish to invest. It employs an internally developed AI engine named ISAAC (Intelligent Strategic Asset Allocation Core) and the PREFACE platform, which together form the core of its asset management technology. This technology automates investment decisions, allocating assets across a global range of stocks, bonds, and ETFs. The service launched in 2019 as Korea's first AI-based discretionary investment service. Since its launch, the platform has expanded its offerings to include U.S. and Korean stock investments, monthly dividend products, and thematic investment options.
The company's business model centers on providing personalized, data-driven asset management services directly to consumers. Revenue is generated from managing client assets through its various investment solutions. December & Company has secured significant funding to fuel its growth, notably from private equity firm Forest Partners, which became a major partner and has led investment rounds, bringing the total capital raised to KRW 17 billion by mid-2024. This financial backing is intended to enhance Fint's services, further develop its technology, and position the company for expansion into new markets like the discretionary retirement pension sector. Keywords: robo-advisor, AI investment, wealth management, asset management, fintech, discretionary investment, Fint, ISAAC engine, financial technology, investment advisory, personalized investing, automated investing, global asset allocation, Korean fintech, retirement pension, portfolio management, digital investment, data-driven finance, investment solutions, mobile investing