Finda Moves Closer to Buying Daewon Savings Bank in South Korea
The Financial Services Commission’s subcommittee approved the ownership change, putting the loan-comparison fintech on course to become the first Korean fintech to acquire a savings bank if the full commission gives final approval.
SEOUL — Finda is moving closer to acquiring Daewon Savings Bank after a Financial Services Commission subcommittee approved the change of ownership on Oct. 16, 2026. The full commission is scheduled to consider the matter at its regular meeting on Oct. 21. Final approval is therefore still pending.
Finda is a Korean loan-comparison fintech, and the transaction would make it the first local fintech to acquire a savings bank if completed. The company signed an agreement in June to purchase 100% of Daewon Savings Bank for approximately 12 billion won, according to reports. The acquisition would give Finda a regulated deposit and lending platform rather than leaving it solely as an intermediary between consumers and lenders.
Finda has said it wants to turn the institution into an AI-native bank focused on nationwide digital lending and deposit services, with a lean workforce of fewer than 50 employees. That ambition places the transaction at the intersection of two models: a regulated bank with balance-sheet responsibilities and a software company built around automated comparison and distribution.
The subcommittee decision is not the same as a completed acquisition. Finda still needs the full commission’s approval, and the company has not disclosed a detailed integration timetable, capital plan or the exact products that would launch after closing. For now, the significant event is regulatory progress toward a first-of-its-kind fintech-to-savings-bank transaction in South Korea.