payments
On its 5th anniversary since business launch, UPSIDER's cumulative number of client companies has exceeded 100,000, and the cumulative transaction volume of its corporate card "UPSIDER" and invoice card payment service "Shiharai.com" has surpassed ¥1 trillion. Reaching 100,000 Companies in 5
mergers & acquisitions
Tokio Marine Holdings' wholly-owned subsidiary, Delphi Financial Group has agreed to acquire a majority stake in ACORE CAPITAL, one of the leading U.S. commercial real estate investment managers. The transaction further strengthens ACORE CAPITAL's decade-long relationship with one of the largest global insurance groups. This acquisition
payments
Mercari recorded a favorable start to the fiscal year in all three of Mercari Group's major businesses, with the recovery of the Marketplace GMV growth rate, the achievement of positive GMV growth in its US business, and the growth of FinTech credit services. Consolidated revenue was 49.4B
venture capital
Funds has completed a Series E funding round, raising a total of 1.83 billion yen. The round was led by "SMBC-GB Growth No. 1 Investment Limited Partnership," jointly operated by Global Brain Corporation and SMBC Edge Corporation. Other investors include Asset Management One, one of Japan'
debt financing
Nippon Export and Investment Insurance (NEXI) has provided loan insurance for back financing related to a loan extended by a venture debt fund to Hella Infra Market Singapore, a Singapore-based subsidiary of an Indian start-up company. This marks the first individual transaction under the framework agreement entered into by NEXI,
banking
S&P Global Ratings recently hosted a webinar, "Corporate Japan’s Cross-Border Funding Enhance Financial Flexibility," focusing on the drivers, credit implications, and the relationship between corporates and domestic banks. The webinar also included coverage of new issuers, which we have excluded from this reporting on the
debt financing
VinFast has secured a USD 100 million Green Loan facility from MUFG Bank, to be used for VinFast's development and international expansion strategy. The loan marks the beginning of a long-term relationship between the parties, demonstrative of the commitment of both VinFast and MUFG to advance the green
venture capital
Leading global fintech AND Global, today announced it has raised $21.4 million USD in a Series B funding round led by the International Finance Corporation (IFC), a member of The World Bank Group, and AEON Financial Service, a leading Japanese financial group active in 11 Asian markets. Other investors
lending
Leading financial services software firm Finastra has gone live with the Loan IQ platform at the Japan International Cooperation Agency (JICA). This project aims to modernize JICA's core system for private-sector investment finance, an increasingly expanding initiative that provides loans to private sector projects in developing countries. The
lending
Mumbai-based digital lending startup Zype has raised Rs 90 crore ($10.2 million) in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners. Existing investor Xponentia Capital also participated in the round. This round comes after the 2022-founded startup raised its first major institutional round of
lending
Debt collections is the backbone of lending, however collections today are run by collection agencies who care very little about the borrower and mostly care about their commissions. With a vision to build India’s best collections company, DPDzero has announced raising $7million in Series-A funding led by GMO VenturePartners
consumer finance
Sumitomo Mitsui Financial Group, along with its subsidiaries Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Card, announce the addition of "Money Assist" provided by Sumitomo Mitsui Card to the product lineup of the comprehensive financial service "Olive" offered to individual customers. "Money Assist" is