The Second Seoul Fintech Lab has named promising fintech startups Custodify and Enboost top companies at a Demo Day co-hosted with Naver Cloud, awarding them residency opportunities for next year and commercialization grants.
Six startups showcase innovative technology to around 40 investors
The Second Seoul Fintech Lab said on the 28th that it had successfully wrapped up the “Second Seoul Fintech Lab Demo Day with Naver Cloud” on the 27th, one of the main programs of Seoul Fintech Week 2026. The event opened with remarks by Jeon Jae-myeong, Seoul Metropolitan Government’s Director of Economic and Employment Planning. Promising fintech startups founded within the past three years took part, presenting innovative technologies and business models.
Seoul Fintech Week 2026 is an annual event hosted by the Seoul Metropolitan Government to strengthen the city’s competitiveness as a global digital finance hub and promote innovation and growth in the fintech industry. Co-hosted with Naver Cloud for the third consecutive year, this year’s Demo Day drew representatives from around 40 investment firms and related organizations, underscoring the strong interest of domestic and international investors.
Six promising fintech startups took the stage: Gold & Company, Seoul Labs, Enboost, Currency United, Custodify and KAB Labs. Each introduced its innovative technology and growth potential.
Custodify and Enboost stand out with solutions to payment and unpaid-invoice problems
After rigorous evaluation by a panel of judges and investors, two companies were named top performers. Excellence Award winner Custodify received praise for “ReverseFX,” a payment solution that reduces exchange-rate uncertainty and merchant fee costs when paying with foreign cards.
Panel Award winner Enboost was recognized for “NDPAY,” a simple payment service that addresses unpaid invoices and bad-debt problems in wholesale markets, where cash transactions are prevalent. The service was praised as a solution to a real market problem.
The two selected companies will receive the opportunity to move into the Second Seoul Fintech Lab in January 2027, along with a 2 million won commercialization grant. They will also receive benefits through Naver Cloud’s startup support program.
“We will actively support the growth of early-stage fintech companies”
A representative of the Second Seoul Fintech Lab said, “This Demo Day was a meaningful opportunity for promising fintech startups to present their innovative technologies and growth potential to investors and explore practical opportunities to attract investment and pursue business partnerships. We will continue to expand cooperation with various investment institutions and private-sector partners and actively support early-stage fintech companies so they can keep growing.”
Second Seoul Fintech Lab recruiting new companies for 2027
The Second Seoul Fintech Lab, established in January 2023, is a startup support facility under the Seoul Metropolitan Government. It identifies promising early-stage fintech startups and supports their growth through structured development programs. The lab is actively nurturing promising startups in blockchain and fintech to help them respond effectively to the rapidly changing digital finance industry.
The Second Seoul Fintech Lab is currently recruiting new companies to join in 2027. Applications are open through Monday, November 2. More information is available on the Second Seoul Fintech Lab website.
