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DS Solutions Co., Ltd.

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DS Solution's Vitapay Platform accelerates settlement of marketplace receivables for online sellers through AR factoring. The platform also provides standardized sales and settlement data to facilitate account reconciliation. Online sellers who do not need financing can simply sign up for the data service with option to upgrade later. Vitapay partners with marketplaces and financial institutions to provide a seamless collection, settlement and reconciliation experience for the sellers.

Live in Korea since 2015, Vitapay is the country’s market leader with 4 BM patents. The digital SCF platform covers 9 marketplaces and 4 financial institutions, and the list is growing. We handle over 30,000 transactions a day and expect to turn over U$300MM volume this year, a 50% YoY growth. We continue to hone our data services and are on track to transform into an Open Banking platform in 2021.

Southeast Asia and its large SME is our target market for 2021.

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