Edtech company 'Davida Co., Ltd. (CEO Eunseung Lee)' announced on the 24th that it has been selected for the '2nd Seoul Fintech Lab' operated by the Seoul Metropolitan Government. This selection is significant in that Davida is expanding its business beyond the Edtech field to the Fintech field and is developing innovative financial technologies.
Davida won the Innovation Award at CES 2024 for 'Genie Class' and 'Genie Pen', and is adding new value to the fintech industry based on this technology. In particular, Davida is developing a solution that can enter the personal check market, strengthening financial security and authentication technology, and is pioneering a new market that combines edutech and fintech through a virtual currency mining reward system utilizing the Genie Pen.
◆ Fintech innovation based on edutech
Davida is combining existing financial and educational systems to create new financial services that utilize users’ handwriting data. As a representative example, it recently registered a patent that allows students to receive virtual currency compensation for the time they spend studying through analysis of learning data using Genie Pen. This is an innovative approach that has not been seen in the existing fintech market, and it financializes educational activities to enable students to receive economic incentives.
In addition, Davida is providing a new security solution that combines signature and authentication technologies in the personal check market in the US, Canada, and the UK. To solve the existing check forgery and fraud problems, it is developing a forgery prevention and authentication system using Genie Pen and AI technology, and through this, it is promoting the digitalization of traditional financial methods.
◆ Growth opportunities through the 2nd Seoul Fintech Lab
The 2nd Seoul Fintech Lab is a representative startup incubation organization operated by the Seoul Metropolitan Government to foster fintech and blockchain technology companies. Through this move, Davida will be able to receive various support such as investment attraction, overseas expansion, and financial network expansion. In particular, Davida plans to widely publicize its solutions in the global fintech market and spread innovative services that combine education and finance around the world.
Davida CEO Lee Eun-seung said, “Davida is going beyond the digitalization of traditional education methods and pioneering a new market that combines finance and education.” He added, “With the 2nd Seoul Fintech Lab as an opportunity, we will develop more competitive solutions in the global fintech market and expand new services such as financial security/certification and education reward systems.”
This selection as the 2nd Seoul Fintech Lab is expected to be an important milestone for DAVIDA in securing global competitiveness in the fintech market. In the future, DAVIDA plans to continue sustainable growth based on innovative technologies in the fields of edutech, fintech, construction, and healthcare.
Meanwhile, Davida has been recognized for its technological prowess and potential in overseas markets through winning the ▲2024 CES Innovation Award ▲Minister of Trade, Industry and Energy Award ▲Japan AES Global Awards 'Silver' Award ▲Selected as an ICT R&D 'Excellent' project by the Ministry of Science and ICT ▲Selected as a Private Investment-led Technology Startup Support (TIPS) by the Ministry of SMEs and Startups ▲Grand Prize by the Technology Guarantee Fund ▲Selected as Startup 4.0 by the Korea Credit Guarantee Fund ▲Republic of Korea SME Innovation Grand Prize ▲4th Industrial Revolution Festival Startup Promotion Agency Director's Award ▲Seoul Investment Service CORE 100 ▲Proud Gyeonggi SME Award ▲Hi Seoul Enterprise Excellent Company ▲Republic of Korea Intellectual Property Fair Excellence Award ▲Gyeonggi Economic and Science Promotion Agency Director's Award as a Gyeonggi-do Exporter.
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