Seoul Fintech Lab Selects EarlyPay as New H1 2025 Tenant

'Earlypay' is gaining attention as an innovative company poised to open new horizons in Seoul's fintech industry. Seoul Fintech Lab has selected Earlypay as a new resident company for the first half of 2025, taking an important step towards the growth and development of the fintech industry. Seoul Fintech Lab, which discovers and nurtures innovative companies with technological prowess and marketability in the fintech industry, has further expanded the scope of the fintech ecosystem through this selection. Earlypay is a fintech solution that helps small business owners resolve chronic cash flow problems and efficiently manage complex business environments. At its core are real-time sales analysis and early settlement services, which collect and process sales and fee information using a scraping method and provide it as visualized data. This streamlines the credit card settlement process, identifies missing sales, and maximizes the management efficiency of small business owners with detailed sales reports. In particular, the 'early settlement service,' which pays out the day's sales the very next day based on sales data, helps small business owners secure funds more quickly than through traditional methods. Most importantly, it possesses a differentiated strength in that it is not a loan but an independent structure that does not affect creditworthiness at all. Earlypay is expanding its services and building a stable operational foundation through active partnerships with financial institutions. It has jointly developed recovery accounts and a firm banking system with BNK Gyeongnam Bank, and it is operating under an early settlement fund supply contract worth 2 billion won signed with Welcome Savings Bank in November 2024. Furthermore, it is reviewing a fund supply contract with Kiwoom Capital with a limit of 15 billion won, demonstrating rapid growth based on strong partnerships. Jang Hwan-seong, CEO of Earlypay, founded the company based on his experience in consulting for small business owners and P2P finance. He is preparing for global expansion, aiming to enter the Vietnamese market by 2026, beyond the domestic market. An official from Seoul Fintech Lab stated that they expect Earlypay to significantly contribute to solving the real difficulties faced by small business owners in the supply chain finance sector, and that they will continue to foster global competitiveness with companies that possess both innovation and growth potential. Through this residency, Earlypay is expected to grow even faster with the systematic support of Seoul Fintech Lab and establish itself as an innovative fintech company that provides practical help to small business owners.