Devd Selected as a Company for Land, Infrastructure Ministry's
IT DAILY ·
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Devd announced on the 14th that it had been selected as a company for the land, infrastructure and transport sector's "Innovation Premier 1000."
Devd was included in the program after being recommended by the Korea Agency for Infrastructure Technology Advancement, and it will become eligible for linked financial and nonfinancial support from policy finance institutions for the next 2 years.
Its core service, "Jipupay," automatically verifies contract details after a tenant uploads a lease contract, approves the card payment, and remits the payment to the landlord's bank account.
Devd announced on the 14th that it had been selected as a company for the land, infrastructure and transport sector's "Innovation Premier 1000." The "Innovation Premier 1000" is a national support program in which relevant ministries and policy finance institutions, including the Financial Services Commission and the Ministry of Land, Infrastructure and Transport, participate, and it aims to intensively nurture small and midsize companies and mid-sized companies with future growth potential.
Devd was included in the program after being recommended by the Korea Agency for Infrastructure Technology Advancement. The selection reflected recognition of its technology for monthly rent payments based on lease contract verification and an assessment of its growth potential in the housing finance sector, and as a result, Devd will become eligible for linked financial and nonfinancial support from policy finance institutions for the next 2 years.
The basis for that assessment was Devd's core service, "Jipupay." "Jipupay" is a platform that allows tenants to pay monthly rent by credit card without separate consent from landlords.
Under the service flow, when a tenant uploads a lease contract, the system automatically verifies the contract details and then approves the card payment. The payment is then remitted to the landlord's bank account. (Photo: Devd)
Devd has secured a patent for a "monthly rent safe payment system and method based on lease contract verification." Through this patent, it has secured security and technological competitiveness. Within this structure, tenants can receive benefits such as installment card payments, point usage, transaction credit recognition, and income tax deduction benefits. The landlord settlement method remains the same as before, and the settlement date is the agreed date.
With this selection as a catalyst, Devd is accelerating its push into B2B beyond B2C. The company launched "Jipupay Biz," a rent payment service for business users, earlier this year. It is also presenting API and SDK offering model "Jipupay Partners" for enterprise rental management solutions. Devd is expanding its payment infrastructure through "Jipupay Biz" and "Jipupay Partners."
Devd plans to further advance its AI specialized for real estate transactions and raise the level of contract verification automation in the future. It is also pushing ahead with expansion into overseas markets. Kim Ki-tae, CEO of Devd, said the selection reflects recognition of the company's monthly rent payment technology based on lease contract verification and the potential for innovation in housing finance, and added that the company will work to advance its payment infrastructure based on policy finance support. He also said it intends to expand a housing finance environment in which tenants can pay flexibly and landlords can receive payments stably.
Source: IT DAILY · Kwon Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=241617
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Source: IT DAILY
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