Real estate automatic evaluation financial service ‘Value of Space’
The value of space attracted 5.5 billion won worth of Series A investment from SBI Investment, Korea Investment Partners, Umi Global, and Pinda.
The value of space is the only one in Korea that has developed and serviced an automatic evaluation model for all tangible real estate across the country, including commercial, residential, and land. The automatic evaluation model estimates the current price of the real estate with mathematics, statistics, and machine learning algorithms linked to the database.
Investors praised the value of space for the first time in Korea that it has developed a financial infrastructure that connects loan customers, financial institutions and appraisers. The company will provide a new concept of financial services for cooperative financial institutions and real estate loan automation.