Open alliance among Marubeni, SBI and AND Global following the closing of AND Global’s US$15.3 million Series A financing, led by Marubeni and SBI

AND Global Pte. Ltd. (‘we”, “our” or “AND Global”) closes US$15.3 million Series A funding round. Marubeni Corporation (“Marubeni”) and SBI Holdings, Inc. (“SBI”) led the Series-A financing, joined by our existing investor, Techstars Ventures. The Series A financing has been closed in two parts, including (a) Marubeni’s strategic equity investment of US$10 million closed in December 2020, and (b) SBI’s recent investment of US$5 million. Whilst our strategic partner, Marubeni, is a majority Japanese conglomerate with over $70 billion in revenue, 40,000 group employees and business activities spanning over 14 diversified business divisions, SBI is a major internet-based financial conglomerate with over 30 million customers, 290 subsidiaries and 9,000 employees (as of the end of March 2021) across the world.

For more: https://andglobal.blogspot.com/2021/07/open-alliance-among-marubeni-sbi-and.html