FinTech growth investment firm Seven Angels Holdings has acquired real estate P2P platform Elefund.
Last September Seven Angels made an initial $624,000 investment into the company.
Through the investment Seven Angels hopes to boost its presence in the FinTech sector, with Elefund taking control of the parent company’s FinTech arm.
Korea-based Elefund will also expand its investment base through promotions and support programs to individual and corporate investors.
Following the transaction former HI Asset Management director Kim Joon-gyun will join the company as advisor and CEO.
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