What AIZEN Global does

AIZEN Global is a South Korea-based AI fintech company founded in 2016 that operates an AI-driven Banking-as-a-Service (BaaS) platform under the CreditConnect brand, powered by its proprietary ABACUS AutoML platform. The company targets two primary customer segments: (1) financial institutions — including Korean majors Woori Bank, Hyundai Card, KB Kookmin, and NH Nonghyup Life Insurance — that need AI-driven credit scoring, fraud detection (processing 15,000+ transactions per minute), anti-money laundering, loan underwriting, and portfolio optimization, and (2) Southeast Asian e-mobility and e-commerce platforms — including Grab, Gojek, Be Group, ALVA, VinFast, Lazada Logistics, and PayME — that embed CreditConnect to provide instant financing to gig workers, ride-hailing drivers, and online sellers who lack traditional credit histories. AIZEN's core differentiator is its ability to convert non-traditional data sources (driving patterns, EV battery residual value, e-commerce sales velocity, repurchase rates, inventory turnover) into actionable credit scores through proprietary AI models.

The underlying technology architecture consists of ABACUS, an "AI Massive Multi-Modeling" AutoML platform that processes thousands of AI financial models in real time, supported by proprietary modules including Multidimensional Modeling (MDM) for borrower assessment, Automated Credit-Cycle Control Module (ACCM) with Credit-to-Map visualizations, and explainable AI (XAI) for regulatory transparency. The company holds 200+ registered patents in the financial/AI field. AIZEN generates revenue through three primary streams: BaaS platform licensing fees from financial institutions (CreditConnect), transaction fees on EV financing and Seller CreditConnect working-capital loans in Southeast Asia, and ABACUS enterprise licensing for large financial institutions worldwide. Specific pricing is not publicly disclosed.

The company has executed rapid Southeast Asian geographic expansion, with regional hubs in Jakarta, Ho Chi Minh City, and Singapore, and operational footprint covering 10 Indonesian regions. By 2022, cumulative loan transaction volume through CreditConnect exceeded USD 500 million, and the company surpassed 17,000 EV financing deployments in Indonesia by 2025 (targeting 20,000 by Q3 2025), including 12,000+ electric motorcycles financed for Grab riders. Notable enterprise customers and partners include Woori Bank, Hyundai Card, KB Kookmin, KB Capital, Hana Bank Indonesia, BanKo (Philippines), UNDP Vietnam, Sinarmas Group, and Indika Energy. Headcount is 11-50 employees and the company is privately held, having raised disclosed funding across multiple rounds since 2016.

Name

AIZEN Global

Legal name

AIZEN CO., LTD

Website

https://aizenglobal.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

AIZEN Global is a Seoul-based AI fintech operating CreditConnect, an AI-driven Banking-as-a-Service platform powered by its proprietary ABACUS AutoML engine, serving financial institutions and e-mobility/e-commerce platforms across Southeast Asia with credit decisioning using alternative data.

Ownership category

akta.pro rank

Product category

AI Banking-as-a-Service Platform

NAICS

Mortgage and Nonmortgage Loan Brokers (52231), Activities Related to Credit Intermediation (5223), Sales Financing (52222)

SIC

Loan Brokers (6163), Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Underwriting Automation & Income/Employment Verification (FSAGAHAD), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Pricing, Risk-Based Offer & Limit Management (FSAGAHAE), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

Keywords

• Banking-as-a-Service platform
• AI credit scoring
• AutoML financial modeling
• Embedded lending infrastructure
• EV financing solutions

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Banking-as-a-Service (BaaS) Platform Fees: AIZEN provides its CreditConnect platform to financial institutions (banks, card companies, insurers) enabling them to offer AI-driven credit scoring, fraud detection, and risk management services. Revenue is generated through platform licensing and service fees charged to financial institutions.
2. EV Financing Services: Facilitates EV financing for e-mobility ecosystems in Southeast Asia (Indonesia, Vietnam) through partnerships with platforms like Grab, Gojek, Be Group, and manufacturers like ALVA, VinFast, Dat Bike. The platform connects borrowers (riders, gig workers) with financial institutions, earning fees or margin on financed vehicles.
3. E-Commerce Seller Financing (Seller CreditConnect): Provides working capital financing to online sellers using sales data, re-purchase rates, and inventory turnover as credit metrics. Revenue from interest or fees on loans extended to e-commerce sellers.
4. ABACUS Enterprise Licensing: ABACUS AutoML platform is offered as a tailored solution for large financial institutions and companies worldwide, licensed for enterprise use in credit scoring, risk management, and portfolio optimization.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

AIZEN provides an AI-driven Banking-as-a-Service (BaaS) platform called CreditConnect, powered by its proprietary AutoML engine ABACUS. The platform is licensed to financial institutions (banks, card companies, insurers) for credit scoring, fraud detection, AML, loan underwriting, and portfolio management, and is embedded into e-mobility and e-commerce platforms to extend financing to underserved borrowers. Sub-brands EV CreditConnect and Seller CreditConnect deliver vehicle financing for gig workers and working-capital loans for e-commerce sellers respectively.

Product overview

AIZEN Global is an AI-driven digital banking company offering a platform-plus-modules architecture centered around CreditConnect (Banking-as-a-Service) and ABACUS (AI Massive Multi-Modeling Platform). CreditConnect provides seamless AI-driven financing solutions across diverse industries including e-commerce and e-mobility, powered by ABACUS's advanced AutoML technology that enables real-time processing of thousands of AI models for automated decision-making, credit scoring, risk management, fraud detection, and portfolio optimization. The platform focuses on ESG financing and mobility ecosystems across Southeast Asia, providing financial inclusion to underserved markets.

Differentiator

Problem solved

Functional benefit

Brands

• CreditConnect: AI-driven Banking-as-a-Service platform that bridges the credit gap between financial institutions and the evolving data economy, delivering value through AI-driven solutions, ESG financing, and mobility ecosystems.
• ABACUS
• Seller CreditConnect
• EV CreditConnect

Products and services

• CreditConnect AI-driven Banking-as-a-Service (BaaS) platform that bridges the credit gap between financial institutions and the data economy. Delivers AI-driven credit scoring, fraud detection, AML, loan underwriting, and portfolio optimization via REST API, and is embedded into e-mobility and e-commerce platforms across Southeast Asia (Singapore, Vietnam, Indonesia).
• ABACUS AI Massive Multi-Modeling AutoML Financial Solution that enables financial institutions to build, deploy, and manage AI financial models in real time. Supports credit scoring, fraud detection, AML, digital strategy optimization, loan underwriting, portfolio management, and credit-cycle monitoring, with Explainable AI (XAI) for transparent decisions.
• EV CreditConnect Electric vehicle financing service that provides financing for electric motorcycles and two-wheelers, leveraging mobility data (driving patterns, mileage) and proprietary EV battery residual value prediction to underwrite loans for gig workers and riders in Indonesia and Vietnam.
• Seller CreditConnect Online seller financial infrastructure that allows e-commerce sellers in Southeast Asia to access working capital financing using alternative data such as sales trends, transaction volume, customer re-purchase rates, and inventory turnover as credit metrics.

Quantifiable outcome

• Surpassed 17,000 EV financing deployments in Indonesia, targeting 20,000 by Q3 2025
• +5 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature6 records

Partnerships

21 partnerships are on record, tiered minor, major, core and flagship.

• Seoul National UniversityminorStrategic or Co-development Partner · 1 July 2025Industry-academic partnership with Seoul National University to develop ZENDA3, a natural language AI agent for financial data analysis (July 2025).
• Sinarmas GroupmajorStrategic or Co-development Partner · 1 September 2024Formed strategic partnership with Indonesia's Sinarmas Group to deliver mobile financial services (September 2024).
• Hana Bank IndonesiacoreStrategic or Co-development Partner · 1 September 2024Launched EV battery data-based credit scoring service in collaboration with Hana Bank Indonesia (September 2024). AIZEN provides AI-powered battery residual value analysis to enable EV lending.
• AlvamajorStrategic or Co-development Partner · 25 July 2024Strategic partnership with Alva (Indonesian EV manufacturer) to facilitate up to 10,000 electric motorcycle units for Indonesian ride-hailing platforms and business actors. AIZEN provides AI technology and data analysis capabilities to deliver digital financial services tailored to industry needs. Signed at GIIAS 2024, marking their second commitment since 2023.
• Woori BankcoreStrategic or Co-development Partner · 1 January 2024Launched E-Mobility Banking Services in Indonesia in collaboration with Woori Bank and KB Kookmin Bank. Woori Bank also partnered for CreditConnect-EV launch in Indonesia (2022) and deep learning-based cash flow FDS project.
• KB Kookmin BankcoreStrategic or Co-development Partner · 1 January 2024Launched E-Mobility Banking Services in Indonesia in collaboration with Woori Bank and KB Kookmin Bank (2024). KB Starters Singapore program participant (2023). Strategic partnership for EV financing in Indonesia.
• UNDP VietnammajorStrategic or Co-development Partner · 1 January 2024Signed an official Green Finance cooperation agreement with UNDP Vietnam (2024) to advance green mobility financing in Vietnam.
• Elevandi (Japan)minorGTM or Marketing Partner · 1 January 2024Appointed to the advisory board of Elevandi, a fintech innovation group based in Japan (2024).
• GrabflagshipStrategic or Co-development Partner · 1 January 2023Partnership with Grab for EV financing, having successfully financed over 12,000 electric motorcycles for Grab riders in Indonesia over two years. Expansion to Vietnam through AI-powered green financing using CreditConnect platform. Initiative aims to lower riders' operating costs, reduce carbon emissions, and improve financial access for underserved communities.
• GojekmajorStrategic or Co-development Partner · 1 January 2023Expanded Mobility Banking Services in Indonesia through Grab and Gojek platforms. AIZEN's CreditConnect enables AI-powered financial services for Gojek drivers and riders.
• Lazada Logistics (Alibaba Group subsidiary)majorStrategic or Co-development Partner · 1 January 2023Partnered with Alibaba Group subsidiary Lazada Logistics for EV financing in Southeast Asia (2023).
• Woori FinancemajorStrategic or Co-development Partner · 1 January 2023Financial Agreement with Woori Finance and Swap for EV Financing in Indonesia (2023).
• KB CapitalmajorStrategic or Co-development Partner · 1 January 2023Financial Agreement with KB Capital and Swap for EV Financing in Indonesia (2023).
• PayMEcoreChannel Partner/ Reseller/ Distributor · 1 January 2023Implementation of CreditConnect in PayME mobile payment app in Vietnam (December 2021). AIZEN's AI Banking Service integrated into PayME platform.
• Plug and Play Tech Center SingaporeminorStrategic or Co-development Partner · 1 January 2019Plug and Play Tech Center Singapore Fintech Batch 1 participant (2019) - global innovation platform.
• Selex (Vietnam EV Manufacturer)minorStrategic or Co-development PartnerVehicle supply partnership for EV financing in Vietnam, along with VinFast, Dat Bike, and Yadea.
• VinFastminorStrategic or Co-development PartnerVehicle supply partnership through Be Group program in Vietnam for VinFast Evo Grand and Feliz 2025 models in EV financing program.
• Dat BikeminorStrategic or Co-development PartnerVehicle supply partnership for EV financing in Vietnam through CEP program.
• YadeaminorStrategic or Co-development PartnerVehicle supply partnership for EV financing in Vietnam through CEP program.
• Be GroupmajorStrategic or Co-development PartnerStrategic partnership with Vietnam's major mobility platform Be Group for AI financial services for riders including EV CreditConnect, enabling drivers to transition to VinFast EVs with financing and immediate operation capability.
• CEP (Capital Aid Fund for Employment of the Poor)majorStrategic or Co-development PartnerPartnership with CEP (Vietnamese microfinance institution under Ho Chi Minh City Labor Union) to provide approximately 4.8% annual financing support program for drivers transitioning to electric motorcycles. Vehicle supply through Selex, VinFast, Dat Bike, Yadea.

Scale indicators8 records

Recent moves13 records

Expansion highlights6 records

Direct peers

• ADVANCE.AI: Singapore-headquartered AI risk and credit decisioning platform serving financial institutions and digital lenders across Southeast Asia. Directly comparable to AIZEN's ABACUS/CreditConnect offering for AI-driven underwriting and fraud detection in the same regional markets.
• Kredivo (FinAccel): Indonesia-focused digital credit/BNPL provider using alternative data for instant credit decisions to underbanked consumers. Comparable business model and customer segment to AIZEN's EV and e-commerce seller financing in Indonesia.
• Trusting Social: Vietnam-headquartered AI credit scoring and digital lending platform serving banks, fintechs, and telcos in Southeast Asia. Direct overlap with AIZEN's AI underwriting and CreditConnect distribution model in Vietnam.
• Turnkey Lender: End-to-end AI-powered lending automation platform for credit decisioning, loan origination, and portfolio management. Comparable to ABACUS for digital lending automation across multiple verticals and geographies.
• Cermati: Indonesian fintech platform providing consumer credit, e-commerce, and insurance comparison products. Comparable regional focus and alternative-data credit approach to AIZEN's Indonesian EV and seller financing.

Broad incumbents

• Mambu: Global SaaS core banking and lending platform enabling banks, lenders, and fintechs to launch and operate credit products. Broader portfolio than AIZEN but overlaps in providing the underlying infrastructure for embedded lending and BaaS.
• Upstart: US-listed AI lending platform using alternative data for personal loan underwriting in partnership with banks. Same AI-underwriting DNA as ABACUS but operates at much greater scale and primarily in the US consumer credit market.
• Thought Machine: UK-headquartered cloud-native core banking technology provider serving global banks. Adjacent rather than overlapping: a potential infrastructure layer beneath AIZEN's BaaS offering, or a competitor for the same FI modernization budgets.

Emerging players

• Zest AI: AI-driven credit underwriting software for lenders, focused on explainable machine learning models. Closely comparable technology stack to ABACUS, with deeper US lender penetration and narrower geographic footprint.

Regional players

• Tonik Financial: Philippines-licensed digital bank offering deposits, loans, and cards to underserved Filipinos. Comparable alternative-data credit approach and Southeast Asia focus, but operates as a chartered neobank rather than a BaaS/AI platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds11 records

Investors18 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AIZEN Global