Finance
Habit Factory reaches 256.1 billion won in cumulative loans four years after setting up U.S. unit
AI-based fintech Habit Factory said on Feb. 12 that cumulative lending through its U.S. home mortgage service Loaning.ai reached 256.1 billion won four years after establishing its U.S. unit. It said new loans in December totalled 22.2 billion won, up 234.9 percent from a year earlier. Using an exchange rate of 1,452 won per dollar, it said it executed about 116.5 billion won in loans last year and cut borrowers’ total interest costs versus average U.S. bank rates.
