Korea Social Investment Foundation and SentBe sign MOU for global expansion of ESG financial services for startups

Korea Social Investment Foundation (KSIF, Representatives: Jongik Lee and Soon-yeol Lee), an ESG and impact investment company, has signed a business agreement with SentBe to expand support for global entry of ESG startups in the financial services sector.

The agreement aims to provide financial services support for the global expansion and business growth of domestic social impact and ESG startups. Key areas of cooperation include △ Promotion and provision of financial services for social impact and ESG startups △ Support for overseas expansion and financial services cooperation in investment and nurturing programs △ Infrastructure sharing and personnel exchange between both organizations.

Since its establishment in 2012, Korea Social Investment has been specializing in ESG investment fund operation, global acceleration, and ESG strategy consulting for large corporations, public companies, and startups.

SentBe, founded in 2015, has grown into a global foreign exchange (FX) total solution company, addressing the drawbacks of overseas financial services through innovative financial services such as low fees, fast remittance speed, and simplified documentation procedures.

Soon-yeol Lee, CEO of Korea Social Investment, stated, "Through cooperation with SentBe, we can provide essential financial services to ESG startups preparing for global expansion." He further mentioned, "Through the collaboration of both institutions, startups aspiring for global expansion can create even greater social impact."

Kyu-sik Lee, Director at SentBe, expressed, "Through this business cooperation, the values of financial inclusion that SentBe aims to achieve will grow even more." He added, "In particular, as SentBe's core business aligns with ESG, we will provide services that can be genuinely helpful to ESG startups fostered by Korea Social Investment."

Published in ETNEWS on March 23, 2023

Source: https://www.etnews.com/20230