V1C Co., Ltd. (CEO Do Eun-wook), which operates Clove AI, signed a memorandum of understanding (MOU) with Hana Financial Group on the 10th to improve the financial, accounting, and banking environment for small and medium-sized enterprises and individual business owners.
V1C provides financial and accounting management services for small and medium-sized businesses (SMBs) and operates with the goal of becoming an "AI operating system for all businesses in Korea." Within two years of its launch, Clove AI secured approximately 10,000 SMB customers and has provided a cumulative KRW 110 billion in loans through Clove Finance.
This agreement aims to alleviate the time and cost burdens faced by SMEs and individual business owners in financial and accounting management and financing processes, and to improve access to finance. Hana Financial Group participated in the collaboration because of V1C's software operation expertise, stable lending and risk management capabilities, and its vision for innovation in SME finance.
Through this agreement, the two companies plan to cooperate in three areas: ▲ expanding financial, accounting, and accounting services for small and medium-sized enterprises and individual business owners; ▲ promoting financial product linkage and joint marketing; and ▲ joint research on improving AI-based credit rating models and post-credit management.
“Small and medium-sized enterprises and self-employed individuals play a crucial role in the national economy, but they still face the burden of financial, accounting, and banking management,” said Do Eun-wook, CEO of V1C. “We will deliver real change by combining technology and finance.”
Tae-seong Eom, executive director of Hana Financial Group's new business and digital division, said, "We plan to create a stable financial environment by collaborating with V1C to eliminate financial exclusion for small and medium-sized enterprises and self-employed individuals and to practice inclusive finance."
Based on this agreement, V1C plans to expand Clove AI services to include individual business owners and strengthen the connection between small and medium-sized businesses, individual business owners, and tax agents through Clove Connect, thereby continuously improving financial, accounting, and banking operation processes.
In the fintech industry, competition is growing to provide support services for small and medium-sized enterprises and individual business owners through AI-based financial solutions.
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