Gojo & Company, inc (“Gojo”) has completed the second part of its Series C financing. JICA, Marui Group, Seven Bank and CVC Fund of Sompo Holdings have joined with a total of $24 million. The aggregated amount raised over the Series C financing has reached to $35 million, making Gojo’s equity $65 million.
The Dai-ichi Life Insurance, one of the most reputable Japanese life insurance company, played a role of the lead investor in the Series C. JICA, Marui Group, Seven Bank and CVC Fund of Sompo Holdings have newly joined through the second window of the series. With the freshly injected capital, Gojo will expand its footprint to new countries in Asia, and invest in cutting-edge technologies.
Gojo is a microfinance-technology company. Founded in July 2014, it currently employs more than 2,300 people, provides multiple financial products with over 400,000 clients (most of them are women) in India, India, Cambodia, Myanmar and Sri Lanka. Gojo’s gross loan portfolio has attained c. $200 million. We aim to provide quality and affordable financial services, with 100+ million people in 50+ countries by 2030. The net profit has been positive since 2017.
Gojo was founded to provide financial access for everyone in the world beginning with the developing countries. Our long-term goal is to provide quality and affordable financial services for 100+ million people in 50+ countries by 2030. 5 years since our establishment, we work in India, Cambodia, Myanmar and Sri Lanka with 2,300+ employees, serving more than 400,000 women who are also mothers. The total loan portfolio reached $200 million, and since 2017 the company has made a profit on a consolidated basis.
Name: Gojo & Company, Inc.
Vision: Create a world in which everyone can overcome one’s destiny and attain a better life
Mission: The first mission is to be the “Private Sector World Bank” providing financial access for everyone in developing countries
HQ: Tokyo, Japan
CEO: Taejun Shin
Since: 4 July 2014
Capital: Approximately $65 million