FintekNews Deal of the Day – Japanese P2P ExCo Lands $15M

Japanese Exchange Corporation (ExCo) has landed a $15M Series B round.  ExCo operates two fintech divisions – Paidy and Aqush (that spelling is correct).  According to their English website……

“AQUSH is Japan’s leading peer-to-peer consumer loan service.  Operating since 2009, AQUSH has served thousands of creditworthy borrowers with loans at competitive interest rates.  For investors, AQUSH unlocks the consumer loan market as an asset class.  Using proprietary technology to mitigate risk, the default rate at AQUSH is….better than the industry average.”

-and-

“Paidy covers over 100 million Japanese consumers for real-time online payments.  By combining BigData Streaming and Machine Learning with years of successful risk analysis experience, Paidy has developed the largest cardless, real-time payment network in Japan.”

Total Equity Funding
$27.8M in 6 Rounds from 10 Investors

Most Recent Funding
$15M Series B on July 28, 2016

Read Full Listing at TechCrunch