Fintech Startup 8percent Seeks to Expand in Niche Lending

SEOUL, July 22 (Korea Bizwire) — Borrowing money online from total strangers was an unfamiliar concept in South Korea in 2014, when Lee Hyo-jin founded 8percent, a peer-to-peer (P2P) lending service targeting people with low-to-mid credit ratings. A former banker of 8 years, Lee was confident there was huge demand in the loan market that [...]