The service, called Npay Startup, was launched Tuesday at a ceremony at Naver's 1784 headquarters in Seongnam, Gyeonggi Province, with officials from the Financial Supervisory Service and the venture investment industry in attendance.
The project brings together three players in the venture capital ecosystem — capital providers such as securities firms, fund operators including venture capital firms and new technology financiers, and startups themselves — on a single system.
It was jointly developed by the Financial Supervisory Service (FSS), the Ministry of SMEs and Startups, and Npay.
Under the new system, investors post funding notices and compare standardized proposals, while fund operators can browse every notice in one place instead of submitting repetitive paperwork.
Startups upload investor-relations materials directly, and artificial intelligence tools summarize key points and generate searchable company pages, which also appear in Naver's search results.
"We hope this platform becomes core infrastructure linking innovative companies with investors and revitalizes productive finance," Lee said, adding that he expects wider industry participation to energize the venture capital market.
Npay Startup will run as a pilot for about three months before Npay expands its verification systems and onboards more institutions.
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