Abu Dhabi - Sharikat Mubasher: Shorooq, a multi-strategy investment firm in the Middle East and North Africa, announced its investment in the Series A funding round of Chazm, a South Korea-based automotive fintech platform.

The funding will fuel Chazm’s expansion beyond Korea, targeting Japan and the Middle East as key growth markets, according to the official press release.

This investment aligns with Shorooq’s investment thesis around embedded finance and the digitization of real-world assets.

The round was led by Stonebridge and saw participation from leading financial and strategic investors, including KB Investment, Futureplay, Zero1NE Ventures, and LX Ventures.

Shane Shin, Founding Partner at Shorooq, said: “Chazm’s vision extends beyond leasing towards creating a global distribution layer for used and off-lease vehicles, unlocking liquidity and efficiency across markets. By structuring how vehicles are financed, tracked, and redeployed, the platform is laying the groundwork for a more efficient and interconnected mobility ecosystem.”

Chazm transforms the way vehicles are leased, managed, and redistributed across their lifecycle. It builds a fully integrated platform that manages the entire lifecycle of leased and rented vehicles, from contract origination and usage tracking to return, resale, and redistribution.

The platform enables users to compare leasing options across multiple financial institutions, track vehicle performance and condition in real time, and make more informed decisions based on data rather than fragmented, commission-driven sales processes.