Credit Score Inquiry Service Now Available for Small Business Owners Through Toss

• Toss launches the service in partnership with NICE Information Service to help integrate management of personal and business credit scores

Toss, a leading financial SuperApp platform, announced it has launched a Business Credit Score Inquiry Service for small business owners who are sole proprietors.

To ensure the credit scores are based on legitimate and trustworthy data, the service is provided in partnership with NICE Information Service - a leading Korean credit bureau that provides credit scoring, financial data analytics, and risk management services for individuals and businesses.

The service allows users to view, in one place, the various factors that may affect their credit scores, such as the financial condition of businesses, their loan and card usage history, and any past payment delinquencies.

A business credit score is a key factor in loan assessments. Loan reviews consider not only the owner’s personal credit but also the business’s financial status and transaction history. In light of this, Toss developed the service to help business owners proactively monitor and manage their credit status.

The service process is simple. Customers who already use Toss’ personal credit service can access it without entering additional information. It allows users to view both personal and business credit information, and see how their credit score compares with other business owners overall.

A Toss representative said, “We hope that self-employed individuals and small business owners in Korea will be able to manage their credit more easily through this service and continue their financial activities stably.”