XQuant
Category: AI in Fintech
AI-specialized company providing automation and intelligent document processing solutions for financial institutions, extracting data from unstructured financial documents XQuant was founded in 2018. The company is led by Chea Srun. Based in Seoul, South Korea. Team size: 15 employees (offices in Seoul, Moscow, Tunis). Total funding raised: Grant (prize money) from K-Startup Grand Challenge 2021. Latest round: Grant. Key investors include K-Startup Grand Challenge.
- Founded
- 2018
- Headquarters
- Seoul, South Korea
- Team size
- 15 employees (offices in Seoul, Moscow, Tunis)
- Total funding
- Grant (prize money) from K-Startup Grand Challenge 2021
Value proposition
AI-powered document processing platform that helps financial institutions automate data extraction from unstructured documents (PDFs, images) including trade confirmations, term sheets, statements, and ESG reports, improving decision-making and operational efficiency
Products and solutions
Intelligent Document Processing (IDP) for financial documents, AI-based data extraction from trade confirmations and term sheets, Automated processing of OTC derivatives transactions/reporting, ESG insights extraction from documents, Unstructured financial data automation for banks
Unique value
Their uniqueness lies in using non-financial and alternative data sources to assess the creditworthiness of SMEs, moving beyond traditional financial statements.
Target customer
Financial institutions, banks, securities firms, and asset management companies seeking to automate document processing and improve operational efficiency
Industries served
Banking, Financial Services, Securities, Asset Management, Insurance
Technology advantage
AI-specialized technology for processing complex financial documents with accuracy. Proven track record with leading Korean financial institutions. Multi-language capability with international team across Seoul, Moscow, and Tunis.
How they differentiate
Focus on financial document processing specialization, proven partnerships with major Korean banks (NICE, Hana), award-winning technology (2nd place at 2021 K-Startup Grand Challenge), international team with global perspective
Main competitors
Information not publicly available
Key partnerships
NICE (Korea credit bureau), Hana Financial Investment, Hana Bank, Seoul FinTech Lab (accelerator program)
Notable customers
Information not publicly available
Major milestones
2018: Founded in Hong Kong, 2019: Moved to Seoul and joined Seoul FinTech Lab accelerator, 2021: Won 2nd place at K-Startup Grand Challenge, Established partnerships with NICE and Hana Financial Investment, Expanded to 15 employees across Seoul, Moscow, and Tunis
Growth metrics
Information not publicly available
Market positioning
Leading AI document processing solution provider for financial institutions in Korea with expanding global presence
Geographic focus
South Korea
Patents and IP
Information not publicly available
About Chea Srun
French national with distinguished career in derivatives trading. Previously worked as Quantitative Analyst in Paris, then became Equity Derivatives trader in Hong Kong, Tokyo, and Seoul before founding XQuant in 2018.
Official website: https://xquant-ai.com/