started · updated
Affinnit files for KOSDAQ listing following strong financial growth
Affinnit, a global AI fintech company, has officially filed a preliminary application for KOSDAQ listing with the Korea Exchange, marking the start of its initial public offering (IPO) process.
The company reported strong financial performance for the first half of the year, with revenue reaching 112.3 billion won and an operating profit of 29.6 billion won. These figures represent a 45.8% increase in revenue and a 79.4% increase in operating profit compared to the same period last year.
Affinnit operates the mobile financial platform TrueBalance in India, which has achieved over 120 million cumulative downloads. The company's core technology is its proprietary AI-driven alternative credit scoring system (ACS), designed to provide financial services to customers with insufficient traditional credit information by utilizing over 90,000 alternative data points.
Mirae Asset Securities will serve as the lead underwriter for the IPO, with Hana Securities acting as a joint underwriter.
Entities
Affinnit · Hana Securities · Korea Exchange · Mirae Asset Securities · TrueBalance
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Affinnit has submitted a preliminary application for KOSDAQ listing to the Korea Exchange. startuprecipe.co.kr · www.tokenpost.kr
- [● 2 SOURCES] Mirae Asset Securities is the lead underwriter for the IPO, with Hana Securities serving as a joint underwriter. startuprecipe.co.kr · www.tokenpost.kr
- [● 2 SOURCES] Affinnit reported first-half revenue of 112.3 billion won and an operating profit of 29.6 billion won. startuprecipe.co.kr · www.tokenpost.kr
- [● 2 SOURCES] The company utilizes a proprietary AI-based alternative credit scoring system (ACS) to evaluate customers with limited credit history. startuprecipe.co.kr · www.tokenpost.kr
- [● 2 SOURCES] Affinnit's mobile financial platform, TrueBalance, has surpassed 120 million cumulative downloads. startuprecipe.co.kr · www.tokenpost.kr