Japan’s P2P lending platform Crowdcredit raises $1.7 million from trading giant Itochu

JapanAs Nikkei reported last week, Tokyo-based Crowdcredit, a startup behind a peer-to-peer lending platform focused on financing emerging markets under the same name, officially announced on Monday that it has fundraised 200 million yen ($1.7 million) from Japanese trading house Itochu. According to the Nikkei article, Itochu has taken an 18% stake in the lending company, so the latter’s market cap is valued at over 1 billion yen ($8.4 million).

http://thebridge.jp/en/2015/03/crowdcredit-funding

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