AND Global secures strategic equity investment from Marubeni Corporation

AND Global Pte. Ltd. secured strategic equity investment of US$10.3 million in its series A round, led by Marubeni Corporation , a major Japanese conglomerate with over $70 billion in revenue, 40,000 group employees and business activities spanning over 14 diversified business divisions. The company’s existing investor, Techstars Ventures, a venture arm of Techstars, has also participated in this round of financing.

AND Global strives to help its customers in the seamless integration of cutting-edge fintech solutions into their businesses. In this regard, AND Global has built a “Fintech-as-a-Service” solution (“FaaS Solution”), including AI-powered credit scoring system, digital wallet, e-commerce, e-payment and digital lending systems. Since 2017, AND Global has successfully piloted the FaaS Solution in Mongolia, where over 430K customers use its digital wallet to make and receive e-payments, and over 175K customers use its digital lending system.

For more:
https://and.global/newsroom.html?article=965954129341676954
https://www.marubeni.com/en/news/2020/release/00030.html