LendingMachine Co., Ltd. announced a private placement of 135,135 common shares at a price of KRW 7,400 per share for gross proceeds of KRW 999,999,000 on August 30, 2023. The company is raising funding through third-party allotment paid-in capital increase method. The transaction has been approved by the board of directors of the company.

The transaction will include participation from individual investors, Seong-gu Lee for 97,297 share, Jaekwang Choi for 37,838 shares.