Tokyo University of Science helped extend Gojo & Company's series D round to $68.6m, lifting the microfinancing provider's overall funding to around $142m.
Gojo & Company, a Japan-based financial inclusion service, has closed a ¥7.07bn ($68.6m) series D round featuring Tokyo University of Science’s Innovation Capital unit.
The round was completed with a $26m tranche featuring, apart from Tokyo University of Science, insurer Dai-ichi Life Insurance, retailer Marui Group as well as Ricoh Leasing and GMO Venture Partners, respective subsidiaries of products supplier Ricoh and internet company GMO.
The final close also attracted a range of new, undisclosed institutional and private investors.
An initial $22m series D tranche took place in April 2020 with investors including financial services firms Seven Bank, SBI Group and unnamed private and existing investors. Credit Saison supplied debt financing at the time.
Founded in 2014, Gojo offers microfinancing products geared to underserved communities in multiple south and southeast Asian countries, in addition to certain African markets.
Gojo & Company has now raised a…
