Naver Pay said on the 7th that it held a launch ceremony for the venture capital investment platform "Npay Startup" at Naver 1784 in Seongnam, Gyeonggi Province, with the Financial Supervisory Service and key officials from finance and venture companies. Npay Startup is a platform that connects startups and venture companies with growth potential and investors.
The venture capital investment platform brings together investing companies (such as securities firms), asset managers (such as venture capital firms and new technology business finance companies), and startups and venture companies within a single platform for consolidation. To resolve inefficiencies in sourcing investment targets and in the fundraising and review process, the Financial Supervisory Service, the Ministry of SMEs and Startups, and Naver Pay jointly pushed the project.
Startups and venture companies directly upload investor relations (IR) materials to Npay Startup so investors can review them firsthand. Asset managers can check all capital commitment announcements at once on Npay Startup. Npay Startup is scheduled to run as a pilot for the next three months.
Park Sang-jin, head of Naver Pay, said, "Naver, too, was able to grow to where it is today because there were investors who believed in its innovativeness and potential. We will actively support the platform so that many success stories can emerge through Npay Startup."