Kurly

About Kurly

We are VWS, a fintech/data startup specializing in non-performing loans (NPLs). Our core team comprises individuals with diverse backgrounds, including Seoul National University alumni (developers, a former Grade 4 public official, planners, researchers, lawyers from large law firms, and doctors). We have received recognition and system integration (SI) from financial institutions in the NPL sector. Upon launching our product, we successfully won bids against existing players for a top NPL company and are providing services to a major conglomerate like S Group, demonstrating our technological prowess and market viability. We have established a partnership with a top-tier VC that has nurtured several unicorns. As an IT startup, we are developing proprietary technology for the NPL fintech business. We have secured cumulative investments of 8 billion KRW, with a recent 5 billion KRW investment from a top-tier VC known for its high investment success rate, having grown four unicorn companies and with other portfolio companies valued at an average of 600 billion KRW. In a market often saturated with competition, we are strategically operating in a niche that remains largely undigitized but offers significant scale-up potential. This VC has expressed strong confidence, virtually guaranteeing our next funding round (discussions for over 100 billion KRW in investment and a 300 billion KRW valuation). Our competitive advantage lies in the synergy of our sales network and technology. We have built strong relationships and networks with key industry players, including investors from large corporations, conglomerate chairmen, conglomerate lawyers, major financial institutions, and large enterprises. We have secured top-down and bottom-up sales channels through connections with owners of major and mid-sized corporations. Our high entry barrier is supported by our advanced technology and business model, with the potential to become a unicorn company exceeding 1 trillion KRW. The fact that industry experts have invested in us validates our business's potential. Furthermore, by providing services to the top NPL-holding conglomerate, we are building a track record that is rare for startups. Unlike typical startups that focus on unproven ideas and incur significant marketing losses, we have validated our market through years of R&D, market analysis, and platform launches. We have secured B2B contracts with large corporations, generating revenue and operating profit with our rare business model. In the current investment climate, companies that are generating profit are favored, making it easier for us to secure funding. Additionally, our existing shareholders, PE firms, and financial institutions can facilitate NPL liquidity and capital raising, enabling self-sustained scale-up. We are seeking pioneers with a shareholder's mindset to grow with us, as we prioritize talent density. We offer stock options to individuals who will join us on our journey to build a unicorn company. The path of a successful startup differs from that of a regular employee, offering unparalleled wealth and career opportunities. Top industry professionals, recognizing the significant future value of our stock, have opted to receive a substantial portion of their compensation (up to 80% for C-level executives) in stock options, foregoing significant portions of their high salaries (200-400 million KRW). The potential for explosive stock value growth and exit is exceptionally high compared to other startups.