Tixy Digital and AssetHub Startups Receive Seed Funding from Socratus Startup Studio.

One of the selected companies is Assethub, developing an integrated BNPL (Buy Now, Pay Later) network service named GoPay for fintechs, aimed at offering convenient payment solutions which is creating the "Digital LOS" (Loan Origination System) product, a mobile application for Non-Banking Financial Institutions (NBFIs) that streamlines credit assessment and approval processes digitally. Another selected company is Tixy Digital, a comprehensive event management and e-ticketing platform based on cloud technology, has been awarded seed funding to advance its market entry.

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D. Bold-Erdene, Co-founder of Assethub LLC: By joining the Gopay service, NBFIs (Non-Bank Financial Institutions) will be able to share merchant organizations among themselves and jointly create the infrastructure for "buy now, pay later" services. For merchant organizations, this will simplify the process of contracting with multiple NBFIs and streamline individual reconciliations. We are also offering NBFIs collaborative smartphone applications and "digital LOS" (Loan Origination System) for credit analysis.

G. Tseveen-Ochir, Co-founder of Tixy Digital LLC: The technological solutions we are developing can be widely applied across all business sectors. Currently, the main challenge facing business organizations is the lack of an independent system to collect accurate and real time customer data and to conduct low-cost marketing and sales based on this collected data. Entrepreneurs currently collect customer data through third or possibly fourth-party systems, and the opportunity to reuse this data is very limited. We aim to solve this problem comprehensively by creating a centralized customer database and providing additional marketing tools to enable targeted, cost-effective, and efficient advertising, along with many other advantages.

Socratus Startup Studio is one of the key players in the domestic startup ecosystem, investing in innovative and competitive startups with early-stage funding. Over the past five years, Socratus has invested more than 4.5 billion MNT in 21 startups, dedicated to supporting local startups in expanding to international markets, particularly in Central and East Asia. To this end, they have launched a program offering $100,000 in funding to startups aiming to enter these markets, alongside opportunities to collaborate with international mentors.

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