276 Holdings (CEO Shin In-geun), a fintech company specializing in supply chain finance for small and medium-sized enterprises ( SMEs), participated in the "Korea-China Venture Startup Summit" held in Shanghai, China on January 7th, where it announced its strategy for collaboration with the Chinese market. The event, held at the Shanghai Pudong International Conference Center, was attended by representatives from both countries' governments, industry, venture companies, and startups.
Park Jin-yong, Strategy Director of 276 Holdings, gave a presentation in Chinese and communicated with local attendees. He introduced 276 Holdings' "Flowpay"-based collaborative structure, focusing on the message of "redefining the flow of funds in the Korea-China supply chain." The presentation covered issues such as the payment delay between local Chinese production and distribution companies and Korean companies, distribution-based funding support for small and medium-sized enterprises that were previously inaccessible through financial institutions, and risk management measures through data-based transaction verification. It was emphasized that Flowpay operates closely to actual logistics and transaction flows based on a distribution and purchasing agency structure rather than a financial product.
President Lee Jae-myung attended the first part of the event and emphasized the importance of cooperation between venture and startup companies and private-sector-led economic exchanges between Korea and China. Hosted by the Ministry of SMEs and Startups, the event is seen as a symbolic demonstration of the government's commitment to helping Korean startups enter the Chinese market and to technological and industrial cooperation.
Following this event, 276 Holdings plans to sequentially pursue practical consultations and collaboration verification with local partners in China. The company aims to generate economic cooperation outcomes between the two countries through a business model aligned with government policies, including inclusive finance, productive finance, and growth and recovery support for SMEs within the Korea-China supply chain.
Meanwhile, 276 Holdings is a fintech company that supports small and medium-sized enterprises (SMEs) in connecting with business opportunities through digitalization of accounts receivable and distribution-based funding solutions. The company plans to expand its business to major Asian countries, including China, in the future.
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