Nine Dog

Nine Dog is a fintech company founded in April 2022 by CEO Yeon-soo Kim, a team of Ad-Tech and factoring financing specialists. The company targets two main financial challenges: providing installment payment options for high-cost consumer experiences and solving corporate cash flow issues caused by delayed settlements.

The company operates a dual-service model. For consumers, it offers a Buy Now, Pay Later (BNPL) subscription and installment payment platform. This service allows customers to purchase high-value experiences such as overseas travel, art, and interior remodeling on a subscription or installment basis, making them more accessible. For businesses, Nine Dog provides a receivables factoring service called 'Front Pay'. This service addresses cash flow problems, particularly in the advertising industry, by allowing companies to receive early payment on future or confirmed receivables.

Since its establishment, Nine Dog has formed strategic partnerships with companies like Norang Poongseon for travel subscriptions, Seoul Auction Blue for art subscriptions, and Apartmentary for interior remodeling payments. It has also secured partnerships with financial institutions including Hana Capital, JB Woori Capital, Shinhan Card, and Lotte Card to facilitate its factoring and BNPL services. In October 2022, the company secured ₩700 million in seed funding from accelerator Marc & Company and bio-healthcare company builder Newflight. It has also been selected for accelerator programs like Shinhan Futures Lab and government-backed programs such as the Seoul-type TIPS (Tech Incubator Program for Startup) and a startup program by the Korea Credit Guarantee Fund (KODIT).

Keywords: Buy Now Pay Later, BNPL, factoring financing, receivables financing, ad-tech financing, travel subscription, fintech platform, revenue-based financing, cash flow solutions, installment payments, Front Pay, Yeon-soo Kim, B2B financing, consumer credit