February 22, 2022

Gojo to raise debt funds through online platform “Funds”

Gojo & Company, Inc. (Gojo) is pleased to announce the launch of debt fund “Gojo & Company Microfinance Fund” on the online platform “Funds” aiming for up to JPY 200 million borrowing as its initial attempt on the platform operated by Funds which allows retail investors to invest in debt funds from as small as one Japanese Yen. Gojo intends to raise up to a few billion Japanese yen through the platform in the coming fiscal year.

Optimizing funding costs is essential to achieve Gojo’s long-term goal "Enable provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030.”

Gojo, among other inclusive financial service providers in developing countries, has unique access to Japanese investors as a holding company established in the country. Taking this advantage, Gojo aims to achieve competitive funding costs lower than the borrowing rates from local financial institutions or depositors while providing attractive returns to Japanese investors.

Gojo has track record of borrowings from Japanese lenders since 2017. In parallel with strengthening relationships with Japanese financial institutions, Gojo plans to offer several debt funds on Funds’ online platform totaling a few billion yen by the end of fiscal 2022.

About Funds

Funds provides an online platform that allows individual investors to make debt investments in various companies from 1 JPY. To date, 16,655 funds have been offered by 50 companies, mainly listed companies, and there has been no delay in distribution or defaults. (as of December 31, 2021).

Company Name: Funds, Inc.
Address:  Tokyo, Japan
Representative Director:  Yuichiro Fujita
Establishment: November 1, 2016
Capital: 483,000,000 JPY
Type II Financial Instruments Business
Registration Number: Director-General of the Kanto Local Finance Bureau (Kinsho) No. 3103
Member of Type II Financial Instruments Dealers Association

About us

Gojo is a Tokyo-based holding company of eight inclusive financial service providers operating in Cambodia, Myanmar, Sri Lanka, India, and Tajikistan. Gojo was founded to extend financial inclusion to everyone in the world, beginning with developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Our long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Established in 2014, Gojo is serving more than 1million clients and managing the aggregated AUM of USD 516 million with 6,800+ employees.

Vision: Create a world where everyone can determine their future
Mission: Extend financial inclusion to everyone
Long-term Goal: Enable provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030
Address: Tokyo, Japan
Founder & CEO: Taejun Shin
Establishment: July 4, 2014
Inquiries: info@gojo.co
Website: https://gojo.co

February 22, 2022

五常・アンド・カンパニー、1円単位で貸付投資ができる「Funds(ファンズ)」にて個人投資家からの資金調達を開始

五常・アンド・カンパニー株式会社(代表執行役:慎泰俊、本社:東京都渋谷区)は、ファンズ株式会社(本社:東京都港区、代表取締役:藤田雄一郎)が運営する貸付ファンドのオンラインマーケット「Funds(ファンズ)」上で「五常・アンド・カンパニー マイクロファイナンス事業ファンド」が公開されたことをお知らせします。第1回目となる本ファンドを通じて総額2億円、2022年度末までに累計数十億円規模の資金調達を目指しています。

当社の長期目標である「低価格で良質な金融サービスを2030年までに50カ国1億人以上に届ける」を実現するためには資金調達コストの最適化が不可欠です。

当社は途上国のマイクロファイナンス事業者としては極めて珍しく、日本の投資家へのアクセスを有しています。その利点を活かし、日本の投資家が期待するリターン水準を維持しながら、途上国各国の金融機関からの借入金利もしくは預金者へ支払う預金金利を下回る資金調達コストの実現を目指しています。

当社では2017年から継続して日本の金融機関からの借入実績があります。今後は国内金融機関との取引拡大と並行して、個人投資家からの資金調達にも積極的に取り組む方針です。2022年度末までに、本オンラインマーケットを通じて総額数十億円規模の資金調達を実施する計画があります。

ファンズ株式会社について

Fundsは、個人が1円から企業への貸付投資ができるオンラインプラットフォームを提供しております。これまで上場企業を中心とした50社が組成する166のファンドを募集し、分配遅延・貸し倒れは0件です(2022年1月末日現在)。

商号 ファンズ株式会社
本社 東京都港区西麻布3-2-1 北辰ビル 7F
代表取締役 藤田雄一郎
設立 2016年11月1日
資本金 483,000千円
第二種金融商品取引業
登録番号 関東財務局長(金商)第3103号
一般社団法人 第二種金融商品取引業協会 加入

五常・アンド・カンパニー株式会社について

五常は5カ国8社のグループ会社を通じ、途上国において中小零細事業向け小口金融サービス(マイクロファイナンス)を展開するホールディングカンパニーです。すべての人に金融アクセスを届けることをミッションとして、2014年7月に設立されました。低価格で良質な金融サービスを2030年までに50カ国1億人以上に届けることを目指しています。2021年12月末時点でインド・カンボジア・スリランカ・ミャンマー・タジキスタンに6,800名を超えるグループ従業員を擁し、融資顧客数は100万人、融資残高は600億円を突破しました。

ビジョン: 誰もが自分の未来を決めることができる世界
ミッション: すべての人に金融アクセスを
長期目標:低価格かつ良質な金融サービスを2030年までに50カ国で1億人以上に届ける
本社所在地: 東京都渋谷区
代表執行: 慎泰俊
設立日: 2014年7月4日
問合わせ先: info@gojo.co
会社HP: https://gojo.co

February 16, 2022

五常・アンド・カンパニー、Therion Advisers共同創業者兼Managing PartnerのMilena Nikolova氏が社外取締役として参画、並びにArnaud Ventura氏が執行役に就任

五常・アンド・カンパニー株式会社(代表執行役:慎泰俊、本社:東京都渋谷区)は、Therion Advisersの共同創業者兼Managing Partnerを務めるMilena Nikolova氏が社外取締役として参画したことをお知らせいたします。

Milena Nikolova氏は、投資銀行、ウェルスマネジメント、ベンチャーキャピタル、インパクト投資において20年以上の経験を有する金融セクターの専門家です。幅広い経験を通じて、インパクトのために資金を投じることは、利益を損なうことなく、世の中のために強力な力となり得るという信念をもっています。

Milena Nikolova氏は、スタートアップ向けアドバイザーのTherion Advisersの共同創業者兼Managing Partner、気候変動の課題解決に取り組む革新的なソリューションに投資するグローバル・ベンチャーキャピタルであるAera VCのVenture Partner、ベンチャーキャピタルAntlerのVenture Partnerを務めています。以前はロンドンでUBSグループ投資銀行部門のExecutive Director、シンガポールのウェルスマネジメントのコンサルタントを歴任しました。慈善活動にも力を注いでおり、複数のNGOのパートナーや創設者でもあります。米国証券アナリスト、London School of EconomicsでInternational Accounting and Financeの修士号を取得しています。

Milena Nikolova氏コメント

「五常は特別でパーパス・ドリブンな組織です。持続可能な利益の実現を重視した経営がなされていますが、同時に大きな社会的インパクトを生み出すことがすべての意思決定の中核におかれています。金融アクセスから排除されている1億人以上の人々に、低価格かつ良質な金融サービスを届けるという五常の長期目標は私自身が大切にする価値観と一致しています。五常の目標達成に向けた旅に貢献できることをとても嬉しく思っています。」

Milena Nikolova氏本人によるビデオメッセージをこちらからご覧いただけます(英語)。

なお、五常はMilena Nikolova氏の関与するいずれのベンチャーキャピタルとも資本関係を有しておりません。

Arnaud Venturaが執行役に就任

2021年3月にManaging Partnerとして当社に参画したArnaud Ventura氏が、執行役に就任したことをお知らせいたします。Arnaud Venturaは、20年以上にわたるマイクロファイナンスセクターにおける起業経験とグローバルネットワークを強みとして、グループガバナンス体制の確立、資金調達、デジタル化、新規投資及びアジア・アフリカにおける拠点の拡大を率いています。Arnaud Venturaの執行役就任によりグループの成長の加速、金融包摂をすべての人に届けるというミッションの達成に寄与することを期待しています。

五常・アンド・カンパニー株式会社について

五常は5カ国8社のグループ会社を通じ、途上国において中小零細事業向け小口金融サービス(マイクロファイナンス)を展開するホールディングスカンパニーです。すべての人に金融アクセスを届けることをミッションとして、2014年7月に設立されました。低価格で良質な金融サービスを2030年までに50カ国1億人以上に届けることを目指しています。2021年12月末時点でインド・カンボジア・スリランカ・ミャンマー・タジキスタンに6,800名を超えるグループ従業員を擁し、融資顧客数は100万人、融資残高は600億円を突破しました。

ビジョン: 誰もが自分の未来を決めることができる世界
ミッション: すべての人に金融アクセスを
長期目標:低価格かつ良質な金融サービスを2030年までに50カ国で1億人以上に届ける
本社所在地: 東京都渋谷区
代表執行: 慎泰俊
設立日: 2014年7月4日
問合わせ先: info@gojo.co
会社HP: https://gojo.co

※ KPIと財務数値はグループ8社の単純合算

February 16, 2022

Milena Nikolova joins Gojo as Outside Director, and Arnaud Ventura appointed as Executive Officer

Gojo & Company, Inc. (Gojo) is pleased to announce that Milena Nikolova, co-founder and Managing Partner of Therion Advisers and Venture Partner at Aera VC, has joined Gojo board as a new Outside Director.

Milena has over 20 years of finance experience spanning investment banking, wealth management, venture capital investing, and startup advisory. She is a strong believer that directing capital for impact can be a powerful force for good without compromising financial returns. 

Milena is a Founding Partner of Therion Advisers, a startup advisory and investment firm, as well as Venture Partner and Director at Aera VC, a global venture capital firm investing in radical solutions to climate change. Milena is also a Venture Partner in Antler, a global early-stage VC that enables the founding of about 200 startups per year.

Prior to that, as Executive Director at UBS Investment Bank in London, she advised leading European banks and insurance companies on mergers, acquisitions, and IPO transactions totaling over $10bn in deal value. In wealth management in Singapore, she worked with ultra-high net worth individuals on financial assets allocation, wealth planning, or corporate structuring. 

Milena also devotes considerable time to charitable causes and is a partner/founder in several NGOs. She has 3 children and is an adventurer who loves outdoor sports and salsa dancing. She is a CFA charterholder and has an MSc degree in International Accounting and Finance from the London School of Economics.

Milena states, “Gojo is a special, highly purpose-driven organization. It is run with sustainable profitability in mind, but large-scale social impact is at the core of all decision making. Their long term goal of enabling high-quality affordable financial services for 100+ million unserved and underserved people is very aligned with my personal values and it is my immense pleasure to contribute to their journey.”

Here is a short video message from Milena herself.

As of today, Gojo has no capital relationship with any of the Venture Capital firms which relate to Milena.

Gojo extends a warm welcome to Milena and looks forward to accelerating financial inclusion further!

Arnaud Ventura appointed as Executive Officer

Gojo is happy to announce that Arnaud Ventura, Managing Partner, is officially appointed as Executive Officer. Arnaud Ventura joined Gojo as Managing Partner in March 2021 to further accelerate Gojo’s fundraising, digitalization, investment, and geographic expansion strategy into Africa and beyond. Prior to Gojo, Arnaud founded and led two of the foremost European financial inclusion groups active in Micro & SME digital finance. In his newly added role, Gojo expects Arnaud to further contribute to the acceleration of the group's growth, achieving the mission of extending financial inclusion to all.

About us

Gojo is a Tokyo-based holding company of eight inclusive financial service providers operating in Cambodia, Myanmar, Sri Lanka, India, and Tajikistan. Gojo was founded to extend financial inclusion to everyone in the world, beginning with developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Our long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Established in 2014, Gojo is serving more than 1million clients and managing the aggregated AUM of USD 516 million with 6,800+ employees.

Vision: Create a world where everyone can determine their future
Mission: Extend financial inclusion to everyone
Long-term Goal: Enable provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030
Address: Tokyo, Japan
Founder & CEO: Taejun Shin
Establishment: July 4, 2014
Inquiries: info@gojo.co
Website: https://gojo.co

March 11, 2021

Arnaud Ventura joins Gojo as Managing Partner

Gojo & Company, Inc. (Gojo) is pleased to announce that Mr. Arnaud Ventura, Founder and CEO of Baobab Group until end of 2019, has joined Gojo as Managing Partner.

Before joining Gojo, Arnaud founded and led two of the foremost European financial inclusion groups active in Micro & SME digital finance.

Between 1998 and 2008, Arnaud co-founded and led PlaNet Finance with the support of Jacques Attali (Chairman) and Muhammad Yunus (Chairman Advisory Board). It was one of the most successful European financial inclusion groups, providing mainly advisory services in the sector and operating in more than 30 markets in Asia, Africa and Latin America. 

In 2008, Arnaud then went on to found Baobab (formerly MicroCred), the leading Micro & SME digital bank in Africa & China. In 2019 alone, Baobab lent $1 billion to 1 million clients, generating around $200 million total revenues and more than $40 million pre-tax profit.

Since he left Baobab in December 2019, Arnaud has served as an advisor to Gojo and we have built trusting relationships. Arnaud will support the organization and development of Gojo by establishing an optimal group governance system, supporting the digital strategy of the group and fundraising activities, as well as leading Gojo’s initial entry to Africa. With over 20 years of entrepreneurial experience in microfinance and a global network, Arnaud is expected to further accelerate Gojo’s fundraising, digitalization, investment, and geographic expansion strategy immediately into Africa and beyond. 

Arnaud is a Young Global Leader of the World Economic Forum. He also co-founded the French China Foundation, the leading network of Young Leaders between France and China, and Share Africa, a platform to promote Africa's innovation and creativity. Arnaud graduated from EFREI, Paris, in Computer Science, and La Sorbonne in Philosophy. He speaks French, English and Spanish fluently and loves reading history & philosophy. He loves skiing and hiking in the mountains (particularly in the south of France), and has 2 young boys.

Arnaud states, “Since advising Taejun Shin, Founder & CEO, and Gojo’s team for more than 1 year, I have been impressed by the quality of the team and the ambition of the company. I am happy to be able to support its development and transform Gojo’s vision into reality in the coming years”. 

Gojo extends a warm welcome to Arnaud and looks forward to extending financial inclusion further!

About Gojo & Company

Gojo was founded to extend financial inclusion to everyone in the world beginning with the developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Our long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Six years since our establishment, we work in Cambodia, Myanmar, Sri Lanka and India with USD 310 million gross loan portfolio, 5,000+ employees, serving more than 627,000 clients.

March 11, 2021

五常・アンド・カンパニー、Baobab Group創業者兼前CEOのArnaud Ventura氏がManaging Partnerとして参画

五常・アンド・カンパニー株式会社(代表執行役:慎泰俊、本社:東京都渋谷区)は、2019年末までBaobab Groupの創業者兼CEOを務めたArnaud Ventura氏がManaging Partnerとして参画したことをお知らせいたします。

Arnaud Ventura氏は、中小零細企業(MSME)向けデジタルファイナンス領域で金融包摂に取り組む欧州の金融機関2社を創業した経験を有しています。

1998年から2008年にかけて、Arnaud Ventura氏はジャック・アタリ氏(Chairman)やムハマド・ユヌス氏(Chairman Advisory Board)の支援のもとPlaNet Financeを共同創業しました。PlaNet Financeは欧州で最も成功した金融包摂グループの1つであり、アジア・アフリカ・ラテンアメリカを中心に30以上のマーケットでアドバイザリー・サービスを提供してきました。2008年には、アフリカ及び中国でMSME向けデジタルファイナンス事業を展開するBaobab Group (前MicroCred)を創業しました。Baobab Groupは2019年には顧客数100万人、融資残高10億米ドル、売上2億米ドル、税引前利益4,000万米ドルに達しています。

2019年12月にBaobab Groupを退社して以来、Arnaud Ventura氏はアドバイザーとして五常と強固な信頼関係を築いてきましたが、今後は五常の最適なグループガバナンス体制の確立に取り組み、デジタル戦略及び資金調達活動をサポートするとともにアフリカ地域への進出を率います。Arnaud Ventura氏の20年以上にわたるマイクロファイナンスセクターにおける起業経験とグローバルネットワークを強みとして、資金調達、デジタル化、新規投資及びアジア・アフリカにおける拠点の拡大を加速してまいります。

Arnaud Ventura氏は2013年に世界経済フォーラムのYoung Global Leaderに選出されたほか、フランスと中国間の若手リーダー育成を目指すネットワークであるFrench China Foundation、アフリカにおけるイノベーションの促進を目指すプラットフォームであるShare Africaを共同創業しました。フランスのEFREI Parisでコンピューターサイエンスを、Sorbonne Universityで哲学を専攻しました。

Arnaud Ventura氏コメント

「1年以上にわたり慎氏と五常にアドバイザーとして関わるなか、チームの質の高さと五常の目指すビジョンに感銘を受けました。五常の更なる発展をサポートし、ビジョンをともに実現できることを嬉しく思っています」

五常・アンド・カンパニーについて

すべての人に金融アクセスを届けることをミッションとして、2014年7月に設立されました。低価格で良質な金融サービスを2030年までに50カ国1億人以上に届けることを目指しています。2020年12月末時点でインド・カンボジア・スリランカ・ミャンマーに5,000名を超えるグループ従業員を擁し、顧客数は62万人、融資残高は310億円を突破しました。

ビジョン: 誰もが自分の未来を決めることができる世界
ミッション: すべての人に金融アクセスを
長期目標:低価格かつ良質な金融サービスを2030年までに50カ国で1億人以上に届ける
本社所在地: 東京都渋谷区
代表執行: 慎泰俊
設立日: 2014年7月4日
問合わせ先: info@gojo.co
会社HP: https://gojo.co/

※ KPIと財務数値はインドの子会社化予定グループ会社を含む、2020年12月末時点数値

December 17, 2020

Completion of USD 68 million Series D financing

Gojo to accelerate investments to fuel further digitalization and social impact of group companies as it successfully completes the final close of its Series D financing

Gojo & Company, Inc. (“Gojo”) is pleased to announce the successful final close of its Series D financing of USD 26 million. Gojo has raised a total of USD 68 million in Series D, with cumulative paid-in capital since our establishment in July 2014 now reaching USD 140 million. 

In addition to follow-on investments from existing shareholders, The Dai-ichi Life Insurance Company, Limited, MARUI GROUP Co., and ASTMAX Fund Management Co., Ltd. as the General Partner of TUS (Tokyo University of Science) Capital Ⅰ L.P., Gojo welcomes RICOH LEASING COMPANY, LTD., Beyond Next Ventures Inc., GMO VenturePartners, Inc., and several newly joined institutional and individual investors in this final close. 

We see the follow-on investments from existing shareholders and investments from these distinguished new investors as indications of their confidence in Gojo’s ability to achieve double bottom line returns, seeking both financial sustainability and positive social impact through financial inclusion. As a business whose core vision is to enable people in poverty to overcome barriers to better futures, Gojo is committed to delivering positive impact on the following Sustainable Development Goals: Goal 1: End poverty in all its forms everywhere; Goal 8: Decent work and economic growth; and Goal 10: Reduced inequality. 

Gojo’s group companies have shown quick recovery from COVID-19 impact and are now en route back to growth. The funds raised will mainly be used to further their growth and digitalization , to explore future expansion opportunities in new markets in Asia and Africa, and to engage in further impact measurement activities to evaluate the outcomes of our operations in clients’ lives. 

Nomination of Ms. Royanne Doi as new independent director to strengthen group governance 

Gojo is happy to announce the nomination of Ms. Royanne Doi, former Corporate Chief Ethics Officer of Prudential Financial Inc., and former Advisor for Global Legal, Ethics & Compliance to Yamaha Corporation as independent director of the board. Ms. Doi will officially be appointed as a board member subject to an Extraordinary Shareholders Meeting resolution in early 2021. 

Ms. Doi states “I am honored to serve on Gojo’s Board as an independent director. My first touch point with microfinance banking was in 2010. I made a contribution to the capital of a fledgling microfinance bank, which was focused on unbanked women and farmers in India." Ms. Doi brings extensive practical experience in law, global business ethics, and international compliance. She is expected to facilitate the process of instilling and safeguarding Gojo’s mission, vision, and core values within Gojo’s group companies, including by:

  1. Facilitating learning on ethics & compliance best practices among Gojo’s group companies, and
  2. Helping Gojo’s board better manage integrity/misconduct risks with high standards of corporate governance in the international arena.

Gojo is working to establish an optimal group governance system through implementation of more advanced internal control systems and enhancement of compliance. Ms. Doi’s appointment as independent director is expected to further accelerate the strengthening of internal audit and corporate governance that will enable the sustainable growth of Gojo Group. 

Prior to Yamaha, Ms. Doi held senior legal positions with major global financial institutions. At one point,  she managed 200+ staff around the world, with business experience in North and South America, Asia and Europe. During her tenure as a global ethics officer, Prudential Financial received Ethisphere’s designation as one of the World’s Most Ethical Companies for the first time in 2015, and multiple times thereafter. 

Ms. Doi has an undergraduate degree in Philosophy, from Washington University in St. Louis, graduating Magna Cum Laude, Phi Beta Kappa. She earned her Juris Doctorate from UCLA School of Law. She is married to her law school sweetheart and has lived in Japan since 1994.  

Recovery from impact of COVID-19 and acceleration of growth initiatives 

The immediate health impact of COVID-19 on our clients and employees and on our group companies’ operations remains low, even though the microfinance sector has had to adapt to lockdowns in an increased number of the areas where we operate. We are complying with government regulations for COVID-19 in all the affected countries and communicating with our clients very closely. As lockdowns have gradually been lifted in all areas, collection efficiency has broadly improved to the pre-COVID-19 level across four operating countries. New loan disbursement has been cautiously resumed and liquidity of the group companies continues to remain strong. The microfinance sector, whose end-clients are engaged in essential businesses such as agriculture, rearing livestock, and neighborhood grocery services, has shown resilience over the past two decades. 

We will accelerate the implementation of non-touch-based technology by promoting cashless operations and expanding loan automation for SMEs to microfinance clients, in order to be ahead of the curve once the macro environment recovers. As an example, Satya MicroCapital, our group company in India, has substantially strengthened digitalization of its operations, including cashless disbursement and collections utilizing fingerprint and mobile payments, called “SatyaPay.” Gojo’s technology team is also working on expanding our own Digital Field Application (DFA) which has been first implemented in MAXIMA, our group company in Cambodia. These initiatives will be optimized and deployed across the group companies. 

We will continue to pursue digital transformation of traditional microfinance services while achieving the best possible combination of technology and human touch. Keeping a client-centric approach, we will continue to provide more convenient financial services to our clients in Asia, Africa, and the rest of the world. 

Comments from existing investors:

Masahisa Aoki, Director and Senior Executive Officer, General Manager, Co-Creative Investment Department, President and Director, D2C & Co. Inc. 

MARUI GROUP, Co., LTD. 

"Gojo is an irreplaceable partner for us to achieve cross-border financial inclusion, which MARUI GROUP aims to achieve by 2050. Our beliefs in Gojo have remained unchanged since our first investment in June 2019 but it grows stronger through exponential business growth, persistent efforts under the impact of COVID-19 and strengthening of the team. We made an additional investment to build a stronger partnership from the perspective of “Co-creation”. We have strong empathy with Gojo’s mission “to extend financial inclusion to everyone”. We would like to realize financial inclusion through a combination of the passion of the team and financial technology."

Kazuyuki Shigemoto, Executive Officer / Chief General Manager, Investment

The Dai-ichi Life Insurance Company, Limited

“We made an additional investment in Gojo as an “Impact Investment” to aim both earning investment income and creating social impact with having sympathy with Taejun Shin, CEO, and his vision “to create the Private Sector World Bank”. Since our last investment, Gojo has achieved steady growth. We expect Gojo to continue contributing to the improvement of people’s Quality of Lives by expanding financial access in developing countries.

Kentaro Obata, Managing Executive Officer 

ASTMAX Fund Management Co., Ltd. as the General Partner of TUS (Tokyo University of Science) Capital Ⅰ L.P.

“ASTMAX manages a university-originated venture capital fund mainly invested by the Tokyo University of Science as we aim to increase our asset value through the investment to contribute to our society. We made our first investment in Gojo in August 2019 driven by our sympathy towards Taejun Shin, CEO, and the team’s passion and capabilities to achieve their vision, “A world where everyone can determine their own future.” With continued expectations, we were pleased to make an additional investment in this round.” 

Comments from new investors:

Tokuharu Nakamura, Representative Director, President and Chief Executive Officer

RICOH LEASING COMPANY, LTD.

“We are investing and supporting business fields that have a positive impact on social issues, and we are investing as part of this. We expect Gojo’s further growth with maximizing both economic and social values as Gojo to achieve their vision, “A world where everyone can determine their own future.”” 

Tsuyoshi Ito, CEO / MANAGING PARTNER

Beyond Next Ventures Inc.

Beyond Next Ventures supports start-ups that strive for transformation of society utilizing technology with vision to create a world in which everyone can challenge. As an entrepreneur who founded the company in a similar financial field around the same time, I strongly empathize with Gojo’s grand vision “to create the Private Sector World Bank” and respect Taejun Shin, CEO who is making it happen in the world. We believe that his vision will materialize in the near future devising Gojo’s technology and group strategy.”  

Ryu Muramatsu, Director, Founding Partner

GMO VenturePartners, Inc. 

“An attempt called Gojo, an attempt to empower microfinance through scale. Moreover, Gojo’s essence as “a global social experiment from Japan,” solving poverty and revolutionizing peoples’ lives by delivering the greatest mobility of capital in human history to people around the world who really need but marginalized by utilizing the power of Japan’s capital markets and financial technology. As GMO Global Fintech Fund, our goal is to connect Fintech in Japan and the world. We are honored to participate in such an attempt as GMO Global Fintech Fund.”

A Cambodian lady who now runs a weaving factory with several employees. / Taejun Shin

About Gojo & Company

Gojo was founded to extend financial inclusion to everyone in the world beginning with the developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Our long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Six years since our establishment, we work in Cambodia, Myanmar, Sri Lanka and India with USD 288 million gross loan portfolio, 4,800+ employees, serving more than 600,000 clients.

December 17, 2020

民間版の世界銀行を目指す五常・アンド・カンパニー、累計70.7億円のシリーズD資金調達を完了

シリーズD資金調達を最終クローズし、グループ会社のより一層のデジタル化、社会的インパクトの拡大に向けた積極的投資を継続

五常・アンド・カンパニー株式会社(代表取締役:慎泰俊、本社:東京都渋谷区)は、シリーズD資金調達の最終クローズを実施しました。本クローズにより、シリーズDの調達総額は70.7億円に、2014年7月の創業からの累計資本調達額は146.7億円に達しました。

本最終クローズでは、既存株主である第一生命保険株式会社、株式会社丸井グループ、東京理科大学ベンチャーファンド(無限責任組合員:アストマックス・ファンド・マネジメント株式会社)からの追加出資に加え、新規投資家としてリコーリース株式会社、Beyond Next Ventures株式会社、GMO VenturePartners株式会社を含む複数の機関投資家及び個人投資家を新規投資家として迎え入れ、合計27.2億円を調達しました。 

ご参画いただいた株主の皆さまからは、長期的な利益の追求と社会的インパクトの創出を両立させるダブルボトムライン(Double bottom line)の実現を目指す弊社の取組みを評価いただいたものと理解しています。当社は、誰もが自分の未来を決めることができる世界をつくることをビジョンとして、SDGsが掲げる目標1「貧困をなくそう」、目標8「働きがいも経済成長も」、目標10「人や国の不平等をなくそう」を中心とした社会課題に取り組んでいます。

今回調達した資金は、新型コロナウイルスの影響を乗り越えて成長を再開しつつある既存グループ会社の事業拡大とデジタル化の推進、アジア・アフリカ地域における新たな投資先の開拓、そして顧客の生活の変化を捉える社会的インパクト測定を主な資金使途として活用して参ります。

新任社外取締役候補者の選任とグループガバナンス体制の強化

2020年12月16日付の当社取締役会にてRoyanne Doi氏が新たに社外取締役として内定したことをお知らせいたします。2021年初に開催予定の臨時株主総会における決議を経て、正式に就任予定です。Doi氏は、長年にわたりグローバル大手金融機関数社のシニア法務担当者を歴任した後、2015年より米国プルデンシャル・ファイナンシャルにてChief Compliance Officer及びChief Ethics Officer、直近ではヤマハ株式会社にてGlobal Legal, Ethics & Complianceのアドバイザーを務めてきました。年初より取締役会のオブザーバー、従業員向けトレーニング、世界中のネットワークの紹介などを通じ、当社の事業成長に貢献してきました。

「私のマイクロファイナンスとの出会いは、2010年のことです。正規の金融サービスから排除されてきたインドの女性や農民を対象とした、草創期のマイクロファイナンス機関の資金調達に携わってきました。法律、グローバルな企業倫理、コンプライアンス等の分野での実務経験を活かして、グループ会社との間で五常のミッション、ビジョン、価値観を持続的に浸透させることを目指します。そのためにも、企業倫理とコンプライアンスのベストプラクティスの学習機会の提供、五常の取締役会のコーポレート・ガバナンスを国際的な水準に高め不祥事等のリスクを未然に防ぐことに取り組んでいきます。」(Royanne Doi氏)

当社は、より高度な内部管理体制の構築、コンプライアンス強化など最適なグループガバナンス体制を確立するための取組みを進めています。Doi氏の社外取締役就任により、五常グループ全体の持続的な成長を可能にする内部統制、コーポレート・ガバナンス体制が更に強化されると認識しております。

Royanne Doi氏の経歴
Doi氏は、ヤマハ株式会社以前は、プルデンシャル・ファイナンス、ステート・ストリート信託銀行、シグナ・コーポレーション、エース・リミテッドなどのグローバル大手金融機関各社でシニア法務担当者を歴任。北米、南米、アジア、欧州で200名以上の従業員を管理した経験も有しています。また、Global Ethics Officerとして携わったプルデンシャル・ファイナンスは、2015年に初めて「世界で最も倫理的な企業」の1つに認定され、その後複数回にわたり認定を受けています。Doi氏はセントルイスのワシントン大学で哲学の学士号を、カリフォルニア大学ロサンゼルス校ロースクールにて法務博士号を取得しており、1994年より日本に在住しています。

新型コロナウイルスの影響からの回復と競争力向上に向けた施策

新型コロナウイルスは、当社の一部顧客や従業員に健康およびビジネス上の悪影響を及ぼしていますが、グループ会社の業績やオペレーションに深刻な影響を与える事態には至っておりません。また、グループ会社各社は各国の規制当局の通達を踏まえ顧客と緊密にコミュニケーションを取りながら、適切に事業を継続してきました。現在、融資の返済率は新型コロナウイルスの影響を受ける前の水準にまで回復しつつあることを踏まえ、新規融資も段階的に再開しております。また、グループ会社の手元流動性は健全な水準を維持しています。なお、顧客の多くが生活必需品の供給に従事するマイクロファイナンスセクターは、過去20年にわたり一貫して堅調な成長を続けてきました。

マクロ環境の回復を見込み、当社は積極的なデジタル化・自動化などのテクノロジー実装を進めています。具体的には、インドのグループ会社Satya MicroCapitalが提供している指紋認証やモバイルペイメントを活用したキャッシュレスでの融資・回収業務は、この期間に一段と顧客に浸透しました。カンボジアのMAXIMAは、五常のテクノロジーチームが独自にバックエンド・サービスを開発したデジタル・フィールド・アプリケーション(DFA)を用いて少額融資プロジェクトを拡大させています。これらの取り組みは、後にグループ各社にも展開されていく見込みです。

当社は、テクノロジーによる業務効率や利便性の向上と人間の間のふれあいを組み合わせた「テック&タッチ」のハイブリッド型のデジタル・トランスフォーメーションをグループ各社において進めています。今後も、従来型のマイクロファイナンスの変革を進め、顧客にとって更に利便性の高い金融サービスをアジア・アフリカその他全世界に展開していきます。

シリーズDファイナル・クローズに参画した既存投資家からのコメント

株式会社丸井グループ 取締役 上席執行役員 共創投資部長 兼 D2C&Co.株式会社 取締役 青木正久

五常・アンド・カンパニーは、当社グループが2050年までの達成を目指す、国を越えたファイナンシャル・インクルージョン実現に向けた、かけがえのないパートナーです。その思いは2019年6月の初回出資時から変わることなく、むしろ、その後の飛躍的な事業成長や、新型コロナウイルスの影響下における弛まぬ企業努力、チーム力の増強を通じて、より強くなっています。そして今回、「共創」の視点から、更に強固なパートナーシップを結ぶため、追加出資をさせていただきました。五常・アンド・カンパニーのミッション「すべての人に金融アクセスを届ける」は、当社グループも強く共感するところであり、ファイナンシャル・インクルージョン実現のために不可欠な、メンバーの熱量と金融テクノロジーとの掛け合わせによって、共に実現していきたいと考えています。

第一生命保険株式会社 執行役員投資本部長 重本 和之

当社は、民間版の世界銀行を目指すという慎社長の想いに深く賛同し、運用収益獲得と社会的インパクト創出の両立を図る「インパクト投資」として五常・アンド・カンパニーに追加出資しました。前回投資以降、着実に事業成長を実現できており、今後も発展途上国における金融アクセスの提供により、人々のQOL向上に貢献していくことを引き続き期待しています。

東京理科大学ベンチャーファンド(アストマックス・ファンド・マネジメント株式会社) 代表取締役 小幡健太郎

当社は、学校法人東京理科大学が主に出資する大学発ベンチャーキャピタルファンドの運用を行っており、広く社会に寄与する出資を実施して、資産価値の向上も実現することを目指しております。五常 ・アンド ・カンパニーが、そのビジョンである「誰もが自分の未来を決めることができる世界」の実現に向け、慎社長を中心に熱意と実行力をもって事業展開していることに共感し、2019年8月に最初の出資を行いました。変わらぬ期待をもって、この度のラウンドで追加出資をさせて頂きました。

シリーズDファイナル・クローズに参画した新規投資家からのコメント

リコーリース株式会社 代表取締役社長執行役員 中村徳晴

当社は、社会課題に対しポジティブなインパクトを生み出す事業分野への投資と支援に取り組んでおり、その一環として出資させていただきました。五常・アンド・カンパニーがビジョンとして掲げる「誰もが自分の未来を決めることができる世界」の実現に向けて、経済価値と社会価値の最大化を図りながらの更なる成長を期待しています。

Beyond Next Ventures株式会社 代表取締役社長 伊藤毅

Beyond Next Venturesは”誰もが挑戦できる世界を作る”をVisionに掲げ、テクノロジーを活用し社会変革に挑戦するスタートアップに出資をしています。私も畑は違えども同じ金融のフィールドで同時期に創業した起業家として、五常・アンド・カンパニーが掲げる ”民間版の世界銀行を作る”という壮大な構想に強く共感し、世界を舞台に着実に実現する慎社長を心から尊敬しています。五常の有するテクノロジーとグループ戦略により、近い将来その構想が実現すると信じています。

GMO VenturePartners株式会社 取締役 / ファウンディングパートナー 村松 竜  

Gojoという試み。マイクロファイナンスに規模による力を与える試み。しかしそれだけではない。その本質は、人類史上最大級の資本の流動性を、それが本当に必要だが届いていない世界の人達に、日本の資本市場・金融テクノロジーの力を使って届け、貧困問題を解決し生活に革新をもたらす「グローバルな日本発の社会実験」であると思っています。そのような試みに「日本と世界のFintechを繋ぐことが目的のGMO Global Fintech Fund」として参加させて頂くことが出来て大変光栄です。

数人の従業員とともに織物工場を経営しているカンボジアの女性 / Taejun Shin

五常・アンド・カンパニーについて

すべての人に金融アクセスを届けることをミッションとして、2014年7月に設立されました。2030年までに50カ国で1億人以上に低価格かつ良質な金融サービスの提供を目指しています。2020年10月末時点でインド・カンボジア・スリランカ・ミャンマーに4,800名を超えるグループ従業員を擁し、顧客数は60万人、融資残高は288百万米ドルを突破しました。

ビジョン: 誰もが自分の未来を決めることができる世界
ミッション: すべての人に金融アクセスを
長期目標:低価格かつ良質な金融サービスを2030年までに50カ国で1億人以上に届ける
本社所在地: 東京都渋谷区
代表取締役: 慎泰俊
設立日: 2014年7月4日
問合わせ先: info@gojo.co
会社HP: https://gojo.co/

 ※ KPIと財務数値はインドの子会社化予定グループ会社を含む、2020年10月末時点数値

September 15, 2020

民間版の世界銀行を目指す五常・アンド・カンパニー、海外機関投資家を中心に20.2億円のシリーズD追加資金調達を完了

複数の海外機関投資家の参画を実現し、デジタル・トランスフォーメーションを更に推進

五常・アンド・カンパニー株式会社(代表取締役:慎泰俊、本社:東京都渋谷区)はシリーズD資金調達の追加クローズを完了し、新たに20.2億円を調達しました。本クローズにより、シリーズD累計調達額は43.5億円、2014年7月の創業からの累計資本調達額は120億円に達しました。また、本クローズでは初となる海外機関投資家の参画が実現し、株主構成のグローバル化が進みました。

テクノロジー企業への投資に強みを持つ複数の海外機関投資家が参画

本クローズでは、TGVest Capital、Baillie Gifford、東日本銀行地域企業活性化ファンド及び複数の個人投資家より、合計20.2億円を優先株式及び転換社債型新株予約権付社債の組み合わせにより調達しました。

TGVest Capitalは、アジア域内のテクノロジー企業へのバイアウト投資およびグロースキャピタル投資にフォーカスしたプライベートエクイティファンドです。Baillie Giffordは、英国・スコットランドを拠点とし3,240億ドル(34.3兆円)の運用資産を誇る独立投資組合です(2020年6月末時点)。成長企業やテクノロジー分野における豊富な投資実績を有する海外投資家からの信任を得て、五常はマイクロファイナンスのデジタル・トランスフォーメーションを更に推進してまいります。

また、コンコルディア・フィナンシャルグループの東日本銀行とは本出資契約に加えて融資契約も締結し、金融機関との戦略的パートナーシップという観点で重要な一歩となりました。

引き続き、既存7社のグループ会社の更なる成長及びデジタル化を支えるための財務基盤の強化と今後のアジア・アフリカ地域における拠点拡大を主な資金使途として、シリーズDの最終クローズに向けた資金調達を継続してまいります。

シリーズDに参画した海外機関投資家からのコメント

TGVest Capital DC Cheng, Chairman
TGVestは、グロースキャピタルのプライベートエクイティファンドとして、テクノロジーを応用して既存の産業に変革を起こす革新的な企業に関心を持っています。五常・アンド・カンパニーは、アジアでのプレゼンス強化とESGの実践を探求する我々にとって新たな1ページを開く注目すべき存在です。発展途上国で金融包摂を届けるという五常のミッションと、金融セクターの長年の課題を解決しようとする革新的なアプローチに当初から共感していました。五常は、マイクロファイナンスを再定義するような先駆者であると考えており、そのユニークなビジネスモデルと極めて大きな成長可能性が我々のポートフォリオにもたらす付加価値は計り知れないと考えています。

Baillie Gifford Praveen Kumar, Investment Manager (Japanese Equities)
Baillie Giffordは、長期目線のグロース投資家として、急速な成長を遂げ既存のビジネスモデルに変革を起こし、またインパクトの大きな成長機会に挑戦し、独自のビジネスモデルを追求するスタートアップ企業への投資機会を求めています。五常・アンド・カンパニーは、我々が求めるこれらの全ての条件を満たしていることから、今回の出資を決定しました。加えて、我々は、マイクロファイナンスや低価格の金融サービスを通じて、世界中で低所得者層の金融アクセスの改善に取り組む五常のビジョンに賛同しています。低所得者層の生活向上を存在意義として邁進する営利企業に出会える機会は非常に稀有なことであり、我々は五常の更なる躍進を心から願っています。

慎 泰俊 共同創業者・代表取締役からのコメント

新型コロナウイルスの影響で海外への渡航が制限されるなか、ビデオ会議を重ね精緻なデューデリジェンスを経て実現した海外機関投資家からの資金調達は、五常グループへの信頼と今後の成長への期待の現れと受け止めています。厳しい経済環境は続きますが、新設されたテクノロジーチームを中心に事業革新を続けています。今後も便利で良質な金融サービスをより多くの顧客に届けるため、粛々と事業に専念してまいります。

デジタル・トランスフォーメーションの更なる推進

2020年2月にVISA及びMastercardでアジア・太平洋地域のプロダクト戦略ディレクターを歴任したSyam NairがChief Technology Officerとして五常に参画し、テクノロジーチームの強化を推進しています。従来型のマイクロファイナンスの変革を進めるとともに、デジタル・トランスフォーメーションを全拠点で本格始動することで、顧客にとって更に利便性の高い金融サービスの提供に取り組んでいます。

カンボジアのグループ会社MAXIMAでは、タブレット端末を活用したローンの申込み、スコアリングモデルによる短時間での与信審査、キャッシュレス返済を実現するデジタル・フィールド・アプリケーション(DFA)のパイロットをローンチしました。これにより、数日を要していた融資の申請から承認までのプロセスが約40分まで短縮されました。五常のテクノロジーチームはバックエンド・サービスを独自に開発したDFAを、グループ各社に最適化して展開することも検討しています。社内では研究開発チームを組成し、貯蓄性の金融サービスなど革新的な商品のコンセプト開発にも取り組んでいます。

インパクト測定及びソーシャル・パフォーマンス・マネジメント(SPM)

すべての人に金融アクセスを届けるという五常のミッションを実現するため、顧客の生活の変化を捉えるインパクト測定に取組み、国際規格や顧客保護を遵守するための仕組みを構築しています。2020年7月には、創業来の五常グループの活動を振り返る初のインパクトレポートを発行しました。ファイナンシャル・ダイアリー(Financial Diary)と呼ばれる、顧客の融資の活用や資金のやり繰りを理解するためのプロジェクトの調査設計や運用モデルの策定を行っています。今後も顧客の立場に立ち、顧客の目的達成の支援に資するより良い金融サービスを届けることに力を尽くしていきます。

五常・アンド・カンパニーについて

すべての人に金融アクセスを届けることをミッションとして、2014年7月に設立されました。低価格で良質な金融サービスを2030年までに50カ国1億人以上に届けることをを目指しています。2020年8月末時点でインド・カンボジア・スリランカ・ミャンマーに3,400名を超えるグループ従業員を擁し、顧客数は57万人、融資残高は270億円を突破しました。

ビジョン: 誰もが自分の未来を決めることができる世界
ミッション: すべての人に金融包摂を
長期目標:低価格で良質な金融サービスを2030年までに50カ国1億人以上に届ける
本社所在地: 東京都渋谷区
代表取締役: 慎泰俊
設立日: 2014年7月4日
問合わせ先: info@gojo.co
会社HP: https://gojo.co/

※ KPIと財務数値はインドの子会社化予定グループ会社を含む、2020年8月末時点数値

September 15, 2020

Completion of USD 19 million additional close of Series D financing from international institutional investors

Successful completion of first-ever fundraising from international institutional investors as Gojo accelerates digital transformation 

Gojo & Company, Inc. (“Gojo”) is pleased to announce the successful additional close of its ongoing Series D financing of USD 19 million as of September 14, 2020. Gojo has successfully globalized its investor base by welcoming two international institutional investors as its investors for the first time. 

Welcoming international institutional investors with strong expertise in the tech space

TGVest Capital, Baillie Gifford, Future Venture Capital (CVC of East Japan Bank), and several individual investors joined as Gojo investors in this financing round. 

TGVest Capital is an Asia-based technology-focused private equity fund specializing in buyout and growth capital investments in companies. Baillie Gifford is an independent investment partnership based in Scotland, UK, with USD 324 billion of assets under management (as at 30 June 2020).  Gojo will drive further digital transformation at our group companies’ operations as we gain further confidence in our capabilities through investments from international investors having extensive investment experience in the tech space. 

We will continue to work towards the final close of the Series D financing. The newly raised funds will be mainly used for further growth and digitalization of its existing group companies in Cambodia, Myanmar, Sri Lanka, and India apart from future expansion to new markets in Asia and Africa.

Comments from international investors:

TGVest Capital DC Cheng, Chairman
"As a growth capital private equity fund, we are always interested in innovative businesses disrupting an industry with tech-enabled applications. Gojo represents a milestone in our quest to strengthen our Asian presence and ESG practice, and a truly remarkable one. Gojo’s mission to extend financial inclusion in less developed countries and its innovative approach to overcome long-existing industry bottlenecks have resonated with us from the beginning. We consider Gojo a pioneer in redefining the microfinance landscape and we believe its unique business model and tremendous growth potential make it an invaluable addition to our portfolio."

Baillie Gifford Praveen Kumar, Investment Manager (Japanese Equities)
“As long-term growth investors, we look for fast growing and disruptive young businesses addressing a large growth opportunity and employing a unique or genuinely differentiated business model. Gojo ticks all of these boxes and hence we decided to make an investment. We also like Gojo’s vision of improving financial access across some of the world’s poorest nations through microfinance and other forms of affordable lending. It is quite rare to come across a commercial enterprise like Gojo whose sole raison d'être is the upliftment of the poor and we wish the management team at Gojo all the success in their future endeavours.”

Comments from Taejun Shin, Founder and CEO of Gojo:

Under the travel restriction due to the impact of COVID-19, we had active discussions with TGVest and Baillie Gifford through a series of video conferences and in-depth due diligence processes. We believe the investments from sophisticated international institutional investors such as TGVest and Baillie Gifford indicates their trust in Gojo and confidence in Gojo’s growth potential. Despite the adverse economic environments, we have made many progress in our services with our technology team. We will keep working to extend financial service to the world.” 

Accelerating digital transformation

Syam Nair, having previously worked at Visa and Mastercard in technology and digital leadership positions across the Asia Pacific region, joined as Gojo’s Chief Technology Officer in February to lead group’s digital transformation initiatives and technology team build-out. Gojo initiated digital transformation programs within all group companies to leverage digital technologies and business models enabling us to provide more convenient financial services to our clients. 

Gojo launched the pilot of Digital Field Application (“DFA”) which was co-developed with MAXIMA, our group company in Cambodia aiming to accelerate digitalization and also reduce lead time in serving financial products to clients. The entire loan process, from registration to approval, was reduced to 40 minutes from what took days before. Gojo aims to deploy DFA that consists of a brand-new Android application that runs on tablets and sophisticated backend services in the group companies. An R&D team was newly formed to innovate and conceptualize new products for microfinance and their clients. The team is in the product ideation stage for many innovative concepts including digital savings and others. 

Impact Measurement and Social Performance Management (SPM)

During the COVID-19 outbreak, Gojo shared SPM practices to be followed by group companies for client protection, such as rescheduling of loans and extending moratoriums on the collection of principal and interest. 

Gojo released its first impact report in July, which reviews Gojo’s activities since the establishment. Gojo’s impact measurement team has also been planning the research design and operating model for a financial diaries project, which will give us insight into how clients use loans and manage their money. As a client-centric financial service provider, we strive to deliver better financial products and services to the clients so that we can support their goals. 

About Gojo & Company

Gojo was founded to extend financial inclusion to everyone in the world beginning with the developing countries. Gojo encourages the formalization and growth of micro, small, and medium-sized enterprises. Our long-term goal is to enable the provision of high-quality affordable financial services for 100+ million unserved and underserved people in 50+ countries by 2030. Six years since our establishment, we work in Cambodia, Myanmar, Sri Lanka and India with USD 260 million gross loan portfolio, 3,400+ employees, serving more than 570,000 clients.

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Kshama Fernandes

Outside Director

Kshama has three decades of experience in Capital Markets, Risk Management, and Structured Finance, with the last 15 years focused on the financial inclusion space in India. Respected for her knowledge and commitment towards the cause of unleashing the power of finance for the greater good, Kshama has been a member of various High Powered Committees set up by the Government of India and has worked on consulting assignments for the World Bank, the Chicago Mercantile Exchange, Ministry of Finance, Government of India, and NSEIT. Through her innovative and pioneering work, she has been instrumental in creating and developing the market for debt for the underbanked in India. Kshama is recognized as a leading figure in the Indian financial markets, and in the world of impact investing. She is also the Vice Chairperson of the Northern Arc Group, a leading finance company in India that invests and connects underbanked institutions and businesses to capital markets investors.

She has a Bachelor's in Mathematics, a Master's in Management, and a Ph.D. in Finance. An adventure sports enthusiast, Kshama is a trained mountaineer, sailor, skydiver, and an ardent biker.

Almira Zejnilagic

Outside Director

Almira has two decades of experience in risk and crisis strategy management, having worked as an advisor, board member and management, as well as having extensive Investment Committee experience. Most recently she was a senior executive in a global, fast-growing Web 3 financial services business and previously a Partner at FTI Consulting where she spent a decade and helped build and ran Global Risk and Investigation Practic in Europe, Central Asia and Africa.

During her formative years, as a Bosnian refugee, Almira experienced challenges relating to remittances and access to finance, which later shaped her keen interest in finacial inclusion and digital finance as well as broader issues of social justice.

Almira is a Young Global Leader of the World Economic Forum. She speaks English, Serbo-Croatian and Russian (as well as some basic Tajik). She enjoys reading and cooking with her family.

Abhishek Iyer

Regional Finance

Abhishek has joined Gojo & Company as part of the Finance team. He is a qualified Chartered Accountant with the Institute of Chartered Accountants of India and has over 6 years of experience across the banking and financial sector & has worked across housing finance, NBFC, microfinance, and fintech. He is originally from Mumbai (India) and is currently living in the city of Bengaluru in the state of Karnataka in India.

Prior to joining Gojo, he worked at Rupeek Fintech which is asset backed gold lending co. At Rupeek he was responsible for managing the financial reporting & audits of Rupeek Fintech & its subsidiary Rupeek Capital.

Outside of work, he enjoys playing cricket and badminton, and loves cooking.

Works in: India

Vidary Inthamone

Debt Fundraising & Treasury Manager

Vidary joined Gojo in September 2022, working part of her time in the finance team. She has over 10 years of experience in microfinance - in the investment department at the holding company Advans International, and in the operations department whilst working for a Mexican MFI at the beginning of her career.

The other part of her time as an independent consultant is still dedicated to the microfinance industry, working mostly on ESG related matters.

Vidary graduated from EM Lyon, Master of Science in Management, specialized in Finance & International business. She speaks French, English, Spanish fluently and can be conversational in Slovak and Laotian.

Vidary loves soul music, cooking, travelling, mountain climbing and surfing. She’s the mother of 2 young boys.

Works in: Slovakia and France

松村 葉子

Legal & Compliance Officer

2023年10月より五常の法務及びコンプライアンスを担当。日本法の弁護士。

2009年に弁護士登録をした後、クリフォードチャンス外国法共同事務所のコーポレート部門において5年間勤務。その後上場直後の(株)リクルートに移籍し、多くの大型M&Aやベンチャー投資、株式報酬、役員関連契約、開示等の法務を担当。

プライベートでは2人の幼児の母。五常での仕事と育児を楽しく両立させたいと考えている。世界の絶景の写真集を見ながら、次の旅行先を考えるのが好き。

勤務地: 東京

Yoko Matsumura

Legal & Compliance Officer

Starting in October 2023, Yoko is responsible for legal and compliance matters at Gojo. She is a qualified attorney-at-law in Japan.

After becoming a registered attorney-at-law in 2009, Yoko spent five years working in the corporate department of Clifford Chance's Tokyo office. Subsequently, she joined Recruit Co., Ltd. right after its initial public offering, where she handled a wide range of legal matters, including major M&A transactions, venture investments, stock-based compensation, and disclosure requirements.

In her personal life, Yoko is a mother of two children. She aspires to balance her work at Gojo with parenting and actually enjoying the process. Yoko loves browsing stunning photographs from around the world while contemplating her next vacation destination.

Location: Tokyo

Rania Manayra

Corporate Planning Officer

Rania started her journey with Gojo in January 2022 as an intern, working closely with the Corporate Planning and SPM/IM team. She mainly helped develop Gojo's Impact Reports, write and implement group-wide policies, and conduct social and environmental due diligence. She transitioned to becoming a full-time member in October 2023.

Prior to joining Gojo full-time, Rania studied at Keio University as a MEXT scholarship recipient and graduated with a Bachelor's degree in strategic management. During her time in university, she was a seminar lead for the International Business and Entrepreneurship Research lab, where she often served as student consultant for various companies and published several papers. She also interned at a global manufacturing company and volunteered at an Indonesian education NPO.

In her spare time, Rania enjoys cooking, reading sci-fi, and going to museums and art galleries.

Works in: Japan

Pooja Kumari Singh

Junior Internal Auditor

Dedicated to analyzing, assessing, and mitigating risks, Pooja is a part of the Internal Audit team at Gojo. She earned her master's degree in Post Graduate Diploma in Management with her major in Finance from Management Development Institute Murshidabad in April 2023. Certified as an ISO 31000:2018 Risk Management Specialist, Pooja started her journey with Gojo in June 2022 as an intern, working closely with the IA team, taking care of the data room, managing communication with the partner companies and building reports to be submitted to the Audit committee. Post completing her studies, she successfully transitioned her internship into full-time work at Gojo in July 2023 and is currently supporting the team with Audit functions and developing various policies such as the Internal Credit Risk Policy. Pooja had previously worked as an intern in a CA firm in India, where she drafted financial statements and was a business analyst for Purv Technologies, among other organisations.

Outside of work, she enjoys taking part in case study competitions primarily in finance and marketing. She is a sports enthusiast and loves travelling.

Grateful for the opportunities that have shaped her career so far, she is motivated to explore the world of finance!

Works in: India

香田 華奈

IR & Fundraising/IPO Project

2023年6月より五常のFinanceチームに参画し、IR、デッド•エクイティ調達、IPOプロジェクトに携わる。

五常入社前は、2015年に国際協力銀行に入行後、途上国でのインフラ案件を含む、日本企業が参画する様々な海外プロジェクト向け融資の組成・管理を担当。また、財務部では採算分析及び市場リスク分析に基づくALM戦略策定に従事。2022年、英国ケンブリッジ大学にて公共政策学の修士号を取得。

好きなことは、カフェめぐり、料理、旅行、温泉。一児の母。

勤務地:東京

Kana Koda

IR & Fundraising/IPO Project

Kana joined Gojo's finance team in June 2023, where she is involved in investor IR, debt/equity financing and the IPO project.

Prior to joining Gojo, she worked at the Japan Bank for International Cooperation (JBIC) since 2015, where she was mainly in charge of structuring and managing loans for various overseas projects in which Japanese companies participate, including infrastructure projects in developing countries. She also gained experiences in developing ALM strategies based on profitability and market risk analysis for the bank at the Treasury Department. In 2022, she graduated from the University of Cambridge, UK, with a Master of Public Policy.

She enjoys cafe-hopping, cooking, travelling and hot springs. Mother of one child.

Location: Japan

Ignacio Mas-Ribo

Board Member

Ignacio is a non-executive director at Gojo & Company, Senior Fellow at the Fletcher School's Council on Emerging Market Enterprises at Tufts University, and an independent consultant.

During 2015-2020, Ignacio was co-founder and executive director at the Digital Frontiers Institute, a not-for-profit that develops professional development training courses around digital money and payments. Previously, he was Deputy Director in the Financial Services for the Poor program at the Bill & Melinda Gates Foundation and Senior Advisor at the Technology Program at CGAP. I have been Director of Global Business Strategy at Vodafone Group, Executive VP of Marketing and Account Management at DoCoMo interTouch, and Senior Manager responsible for telecoms investments in Europe for Intel Capital.

Ignacio has undergraduate degrees in maths and economics from MIT and a PhD in economics from Harvard University. He has been Adjunct Professor at the Booth School of Business at the University of Chicago.

Mehnaaz Rehman

Deputy Manager - HR & Admin

Mehnaaz joined Gojo in March, 2023 as an Deputy Manager- HR & Admin. She has 7 years of experience in HR and has managed Recruitment, Employee Engagement along with managing end to end employee lifecycle. Prior to joining Gojo, Mehnaaz was associated with Universal Sompo general insurance company where she worked as a HRBP heading North region , taking care of various employee greviances , and conducting GPTW surveys . Apart from Universal Sompo, she has also worked with Maxbupa Health insurance company which has given her exposure across industries.

At Gojo, she works under Human Resource and manages end to end employee life cycle with Admin related activities.

Mehnaaz did her Masters in Business Administration from RIT, Roorkee and did her BCA from her hometown Roorkee.

Mehnaaz lives in Ghaziabad , Uttar Pradesh with her family. She has a keen interes in Decoring , Dancing and travelling . She also loves to socialize with all age group people to establish more powerful bonds.

Works In: India

Charm Cai

オフィス・マネージャー

五常チームのオフィスマネージャーとしてメンバーのケアをしている。様々な業界を経験し、異なる文化や立場の人々への理解を深めてきた。メンバーにとって役立つ変化をもたらすべく、ポジティブでインクルーシブな環境づくりに取り組んでいる。

趣味は料理、猫と遊ぶこと、ボランティア活動と、海を眺めること。愛する家族や友人と過ごす穏やかな時間に感謝している。

勤務地:日本

Charm Cai

Office Manager

Charm takes care of Gojo team members as the office manager. Having worked in various industries and a strong understanding of different cultures and people from all walks of life, she always strives to make a difference for others. In Gojo, she is dedicated to creating a positive, welcoming, and inclusive environment for everyone.

In her spare time Charm likes to cook, play with cats, doing volunteer work, and watch the sea. She is thankful for her peaceful life with family and friends.

Works in: Japan

渡邉紘子

財務報告・会計

ファイナンスチームの一員として五常に入社し、主に会計と財務報告を担当している。

慶應義塾大学在学中に公認会計士試験に合格し、PwCあらた有限責任監査法人に入社。資産運用業界の監査、内部統制検証業務、金融規制アドバイザリー業務に従事し、IFRS、J-GAAPでの監査をそれぞれ経験。

趣味はクラリネットを吹くこと、野球観戦。

勤務地:日本

Hiroko Watanabe

Financial Reporting / Accounting

Hiroko is a Certified Public Accountant and works at Gojo as a member of the finance team, primarily working on accounting and financial reporting.

She passed the CPA exam in Japan while studying at Keio University and after graduation, she joined PwC Aarata LLC, where she engaged in audits of the asset management industry, internal control verification services, financial regulatory advisory services, and experienced audits under IFRS and J-GAAP.

Outside work, she enjoys playing the clarinet and watching baseball games.

Works in: Japan

Arya Murali

SPM & Impact Measurement Officer

A Master's in Social Innovation and Entrepreneurship graduate from the London School of Economics and a Chevening Scholar, Arya cares deeply about poverty alleviation, gender equality, education and youth development. At Gojo, Arya works on social performance management of Gojo’s partners and runs initiatives to measure impact of Gojo’s partners’ products and services on clients’ lives.

Prior to Gojo, she worked for 5 years in strategy, business development, community building, program management and leadership in NGOs, social enterprises and for-profit enterprises. Most recently, she served as the Vice President, India at Women in Technology International, a 30 year old pioneer in empowering women in technology across the globe, where she built and led WITI’s business for India. She has in the past built communities of 5000+ women in tech and conducted several online learning and mentorship programs.

Arya is also a TEDx speaker and one of the 18 young women to receive the prestigious WeTech Qualcomm Global Scholarship. In her spare time, she enjoys reading non-fiction books, writing blogs on her website (aryamurali.com) and listening to countless hours of Indian music.

Works in: India

菅沼 小春

財務報告・会計

五常では主に会計と財務報告を担当している。

大学2年次に公認会計士試験に合格し、EY新日本監査法人にて金商法・会社法監査及びIFRS導入アドバイザリーを経験後、デロイトトーマツファイナンシャルアドバイザリー合同会社にてクロスボーダーM&Aアドバイザリー、財務デューデリジェンス、カーブアウト支援等に従事。

五常外では、公認会計士・税理士の資格を活かし、スタートアップ企業に経営管理のアドバイザリーを行っている。また、五常財団事務局として運営に携わっている。

趣味はクラシック音楽鑑賞、ロードバイク、温泉めぐり。「環台(台湾をロードバイクで一周すること)」へのチャレンジを夢見ている。

勤務地:日本

イシャーク・スタルワラ

FP&A

財務計画・分析を担当。JP Morgan の元金融アナリストとして、財務分析、予算編成、予測、差異分析などを専門としていた。以前は、DeloitteにTax seniorとして勤務し、Tax戦略等を担当したほか、恵まれない人々のコミュニティを向上させ、社会的、経済的、慈善的な意識を広めるための同社イニシアチブである「Impact Days」に積極的に参加していた。

Jai Hind Collegeで商学を学び、IBSでMBA(Management Finance)を取得。分散型金融とデジタル通貨プロトコルに情熱を注いでいる。

財務分析においてアジャイル手法を用いることに細心の注意を払い、専門家として高く評価されている。目標は金融に関わるリーダーシップポジションで成長すること。趣味はスポーツ観戦とコメディ。

勤務地:インド

Ishaq Sutarwala

FP&A Officer

For Gojo, Ishaq works on Financial Planning & Analysis. As an ex-financial analyst at JP Morgan, he specialised in analysing financials, budgeting, forecasting and variance analysis. Before being an analyst, he worked with Deloitte as a tax senior taking care of all statutory compliances for its clients, assisting in quarterly projections and annual tax planning strategy. At Deloitte, he actively participated in ‘Impact Days’- the company’s initiative to spread social, economical and philanthropic awareness by uplifting underprivileged communities.

Ishaq did his MBA from IBS in Management Finance and graduated in Commerce from Jai Hind College, Mumbai. He is passionate about decentralised finance and digging deep into digital currency protocols.

Ishaq is scrupulous and professionally valued for using agile methods in executing financial analysis. Driven, he targets to grow in leadership positions pertaining to finance. He enjoys watching sports and comedy.

ミレーナ・ニコロヴァ-ヴァチコヴァ

社外取締役

投資銀行、ウェルスマネジメント、ベンチャーキャピタル、インパクト投資において20年以上の経験を有する金融セクターの専門家。幅広い経験を通じて、インパクトのために資金を投じることは、利益を損なうことなく、世の中のために強力な力となり得るという信念をもつ。

ミレーナは、スタートアップ向けアドバイザーのTherion Advisersの共同創業者兼Managing Partner、気候変動の課題解決に取り組む革新的なソリューションに投資するグローバル・ベンチャーキャピタルであるAera VCのVenture Partner、ベンチャーキャピタルAntlerのVenture Partnerを務めています。以前はロンドンでUBSグループ投資銀行部門のExecutive Director、シンガポールのウェルスマネジメントのコンサルタントを歴任。慈善活動にも力を注いでおり、複数のNGOの創設者やパートナー。米国証券アナリスト。London School of EconomicsでInternational Accounting and Financeの修士号を取得。

監査委員会及びインパクト委員会の委員を務める。

ローヤン・ドイ

社外取締役

以前の経歴は米国プルデンシャル・ファイナンシャル Chief Compliance Officer及びChief Ethics Officer、ヤマハ株式会社 Global Legal, Ethics & Compliance Advisor。

ヤマハ株式会社入社前には、プルデンシャル・ファイナンシャル、ステート・ストリート信託銀行、シグナ・コーポレーション、エース・リミテッドなどのグローバル大手金融機関各社でシニア法務担当者を歴任。北米、南米、アジア、欧州で200名以上の従業員を管理した経験も有する。また、Global Ethics Officerとして携わったプルデンシャル・ファイナンシャルは、2015年に初めて「世界で最も倫理的な企業」の1つに認定され、その後複数回にわたり認定を受ける。Doi氏はセントルイスのワシントン大学で哲学の学士号を(最も優秀な学生に贈られるMagna Cum Laude、Phi Beta Kappaを取得)、カリフォルニア大学ロサンゼルス校ロースクールにて法務博士号を取得。1994年より日本に在住し、日本を中心にアジアにおける女性のエンパワーメント、神経科学、行動倫理に取り組む。

指名委員会の議長を務めるとともに、監査委員会及び報酬委員会の委員を務めている。

琴坂 将広

社外取締役

慶應義塾大学総合政策学部准教授。2017年3月に社外取締役として五常に参画。監査委員会議長、指名委員会、報酬委員会、インパクト委員会の委員。

数社の起業を経験の後、マッキンゼー・アンド・カンパニーの日本およびドイツを拠点に主に海外企業の経営支援に従事。その後、オックスフォード大学に移籍し、経営学の優等修士号と博士号を取得。立命館大学経営学部を経て、2016年より現職。専門は、経営戦略、国際経営、および、制度と組織の関係。慶應義塾大学政策・メディア研究科委員、オックスフォード大学サィードビジネススクールアソシエイトフェロー、上場企業を含む複数のスタートアップの社外役員を兼務。著書に『STARTUP優れた経営者は何を考え、どう行動したか』、『経営戦略原論』、『領域を超える経営学』、分担著に『Japanese Management in Evolution』などがある。

ジョイディープ・バンデュオパデイ

Internal Audit

2022年6月より五常の内部監査部門に加わり、五常グループの内部監査チームをサポート。コンピューターサイエンス学部を卒業し、保険と株式取引の資格を取得。また、ソフトウェア技術の学位、KYCとAMLの認証も取得。

銀行・金融サービス業界で約18年の経験を持ち、リテールバンキング業務、マイクロファイナンス、内部監査、不正調査、プロセスレビュー、コンプライアンス・テストなどの経験を持つ。

Microland Ltd、Wipro Infotech、Axis Bank、ICICI Bankなどの組織でさまざまな職務を経験し、最終的にはBandhan Bankの内部監査部門を担当。

プライベートでは、家族と余暇を過ごしたりペットと遊ぶのが好き。

カラグプル出身で、現在は子どもと妻とともにコルカタに在住。

勤務地:インド

ラジニッシュ・ロイ

Internal Audit

2021年12月から内部監査責任者として五常に参加。五常グループの内部監査機能を担当し、各パートナー会社の内部監査機能と連携。Chartered Accountant, Certified Fraud Examiner, Certified Anti-Money Laundering Specialist, ISO9001:2015 Lead Auditorの資格を保有。銀行・金融業界で合計20年の経験を持ち、様々な銀行や金融機関に勤務。

Axis Bankでは、マネーロンダリング防止コンプライアンスを担当。また、Lulu Financial Groupのアブダビにあるグローバル本社では、チーフ内部監査役として勤務した。その他、ICICI Bank、PwC、YES Bank、HDFC Lifeでの勤務経験がある。

余暇にはマラソン、ハイキング、音楽鑑賞を楽しむ。

勤務地:インド

野口能也

Researcher in Residence

五常のデータ分析プロジェクトをリードしている。東京大学を卒業後、第一生命保険相互会社に2年間勤務、ゴールドマン・サックス・アセット・マネジメントでは、計量モデルを用いた旗艦ヘッジファンド、グローバルアルファを運用するグループで活躍。他にグローバル・タクティカル・アセット・アロケーション運用、様々な定量分析ツールの開発に従事。

退社後は独立、金融機関のコンサルティングを含む複数事業を営む。

金融論、音楽、スキーが好き。

勤務地:日本

トマシュ・オチエプカ

Data Analytics

英国ロンドン大学クイーン・メアリー校を卒業、数学の理学修士号を取得。

五常入社前は、イギリスのオックスフォードを拠点にデータサイエンティストとして活動。新興企業や中小企業向けに、データ分析やデータ管理の分野でサービスを提供していた。また、定量的手法を用いたアカデミックリサーチコンサルタントも務めていた。

2019年、世界の所得格差と戦うために五常に入社。中でも、五常のデータ分析、データプロジェクトを担当するとともに、その知識と経験でパートナー会社をサポートしている。

趣味はハイキングと水墨画。インスピレーションが湧いたら、俳句を作る。

マルコ・ジァンコッティ

Systems and Knowledge

学生時代は物理学と宇宙工学を学び、Sapienza University of Romeと宇宙航空研究開発機構(JAXA)で博士課程を修了。2019年までは超小型人工衛星メーカーの株式会社アクセルスペースで衛星の開発とプロジェクトマネジメントを経験。

2019年に五常に入社、各国のパートナー会社のDXサポートや、革新的な金融サービスプラットフォームの構築など、様々なIT企画に参画。2020~2022年はプロダクトマネージャーとしてデジタルフィールドアプリケーション(DFA)の開発をリード。

日本語が堪能で、読書・執筆に夢中。様々な科学分野において独自で研究している。

勤務地:東京

シュラッダ・クマリ

HR Assistant Director

2022年8月、人事部のアシスタント・ディレクターとして五常に入社。12年の人事経験を持ち、採用、従業員エンゲージメント、業績評価、従業員のライフサイクル管理などを行ってきた。五常入社前は、EYで職場におけるウェルビーイングを推進するプロジェクトを担当し、調査、従業員の考え方の理解、ウェルビーイングプログラムのカスタマイズなどの仕事を経験した。また、Genpact、HCL、Max Bupa Health Insurance、Pearl Academyなど様々な企業で働き、業界を超えた経験を積んできた。

コルカタのIBSで経営学修士を、故郷のジャイプールで心理学修士を取得。

家族とジャイプールに住んでいる。旅行が好きで、トレッキングを楽しみ、愛犬家でもある。また、新しい人と出会い豊かな関係を気づくことを楽しんでいる。

勤務地:インド

シェリエル・ネオ

Impact Measurement

五常グループの商品やサービスが顧客の生活に与える影響の測定に取り組んでいる。オックスフォード大学で歴史と英語の学士号、エディンバラ大学で翻訳学の修士号を取得。オックスフォード大学では、ホームレス支援活動を行い、社会正義のための全国的な学生主導チャリティ団体の設立に携わった。

卒業後は、社会的投資の金融仲介を行うSocial Financeに加わり、英国、カメルーン、ウェストバンクでインパクト・ボンドを設計し、国の保護を離れた若者の成果を追跡するためのアプリ作成を支援した。また、英国で難民女性をトレーニングし雇用する社会的企業、Proof Bakeryの創設者でもある。

余暇には、読書、おやつ、近所を探索することを好む。編み物や家庭料理も得意。

田中はる奈

Head of Corporate Planning/IPO Project Lead

21年4月より五常の経営企画部所属。IPOプロジェクトをリードする傍ら、ソーシャルパフォーマンス管理、インパクト測定、ステークホルダー・インパクトマネジメント、コーポレート・ガバナンスなどを担当。前職の楽天株式会社では、主に社長室で全社戦略を担当する傍ら、テクノロジーを活用し社会起業家を支援する楽天ソーシャルアクセラレータを立ち上げ。

プライベートでは社会起業家を支援するSVP東京のパートナーであり二児の母。五常財団事務局として運営に携わっている。

高橋孝郎

Chief People and Inclusion Officer

世界銀行グループIFC(国際金融公社)のワシントンDC本社とジャカルタ事務所でインベストメント・オフィサーとして7年間、マイクロファイナンス・フィンテック向けの投資・融資を担当。IFCの前はブータンで1年間ブータン首相フェローとして金融包摂を通じたGNH(国民総幸福)の向上に従事。

最初のキャリアはマッキンゼーの経営コンサルタントとしてで東京とフランクフルトで計4年を過ごした。

京都大学法学部卒業。ジョージタウン大学外交政策大学院で開発学修士を取得。

趣味は歌(オペラ、カラオケ)、テニス。

著書:ブータンで本当の幸せについて考えてみました。 -「足るを知る」と経済成長は両立するのだろうか?

勤務地:東京

磯崎智弘

CEO, Maxima

2018年に五常のカンボジア・カントリーレップとして入社し、2022年からはグループ会社のMaximaのCEOに就任。CEOとして戦略策定、支店オペレーション、人事、与信管理、デジタルプロジェクト、資金調達、経営企画、ソーシャルパフォーマンス向上、マーケティング等を経営・管轄している。

五常以前には、ヘルスバンク社(シンガポール・マレーシア・ベトナム)、マッキンゼー東京オフィス、三井物産食料本部・戦略企画室で戦略、ターンアラウンド、オペレーション改善、組織改革、新規事業立ち上げ、投資DD等、幅広い業界・機能・地域のプロジェクトに従事。

英語・日本語に流暢で、クメール語を学習中。モットーは、「強く、賢く、優しく、楽しく」。日々の仕事を通じて、自由で平等な社会を目指す。

勤務地:カンボジア

伊藤駿

Deputy CEO, MIFIDA / IR and Alliance, Gojo

ミャンマーのMicrofinance Delta International (MIFIDA)社の副社長と、五常のパートナー会社のための資金調達・事業開発を兼務。

2018年に五常のミャンマー・カントリーレップとして入社し、MIFIDAにて、戦略策定、資金調達・財務、オペレーションのデジタル化、新規事業開発、ソーシャルパフォーマンス向上に従事。

五常以前には、ローランド・ベルガー東京/シンガポールオフィスで勤務。ミャンマーや東南アジアのクライアント向けの戦略、ターンアラウンド、オペレーション改善、組織改革、新規事業立ち上げ、投資DD等、幅広い業界・機能・地域のプロジェクトに従事。個人事業として秋田県の地域に根差す小売事業の全社・事業コンサルティングも実施。幼少期はイギリスやブラジルで過ごす。ミャンマーで出家をし、座禅を組んだ経験も有り。

英語、日本語。ビルマ語はベーシックな読み書きレベル

勤務地:ミャンマー

カウンセット・リン

Innovation

米国のSarah Lawrence Collegeでリベラルアーツを学び、一度ミャンマーに帰国し、金融セクターで6年以上の経験を持つ。マイクロファイナンス機関であるProximity FinanceでMISを管理。その後、KBZ Bankでミャンマーの銀行セクターに参入し、Huaweiとのパートナーシップのもと、さまざまなステークホルダーと協力してKBZ Payを開発し、同銀行のアウトリーチを拡大させた。五常入社前は、Yoma Bankのデジタル部門に所属し、SMART Creditというデジタル融資商品を作成し立ち上げた。

時間のある時は新しいスキルの習得とともに、旅行や読書をするのを趣味とする。また、音楽フェスティバルに行くのが好きで、地域のさまざまなイベントに参加するため旅行することもある。

勤務地:ミャンマー

ギュロル・サリ

Chief Operating Officer

2020年6月にCOOとして入社し、パートナー会社の運営を監督。リテールバンキング、SMEファイナンス、マイクロファイナンス、デジタルファイナンスの分野で豊富なリーダーシップ経験を持ち、また、複数の金融機関のターンアラウンドも経験。複数の国で30年以上銀行部門に携わってきた。

キャリアをスタートさせた当初から、イノベーションとインパクトに関心があり、現在ドイツ1位にランクインする初の完全自動化オンラインクレジットソリューション、easyCreditを開発。五常入社以前は、Vision Fund MyanmarのCOOとして、完全デジタル化されたマイクロファイナンスシステムを開発・導入し、貧困顧客30万人以上にローン、預金、教育へのアクセスを提供。現在は、デジタル化と変革のプロセスについて、いくつかの銀行にアドバイスをしている。

クリエイティブな精神を持ち、常にアクティブに活動。建築、ガーデニング、ハンドクラフト(特に家の改造)に熱中し、自転車とテニスをこよなく愛している。2人の子供が独立したら、妻と一緒にヨットに乗るのが夢。

勤務地:ドイツ

アカッシュ・スルル

Product Associate

五常のテクノロジーチームの一員として、プロダクト管理およびデータ分析に従事。Vellore Institute of Technologyでテクノロジー学士を取得。インターンとして五常でのキャリアをスタートさせ、後に社員となった。SQLとRedash Toolを使用して、パートナー会社であるSejayaのダッシュボード構築に注力。様々な研究プロジェクトに取り組み、Pythonを使用してローンの延滞を予測するためのモデルを開発。

それ以前には、Reliance JIOのデータアナリストインターン、Cerebro Kidsのプロダクトマネジメントインターン、AvotrixのビッグデータおよびIoT開発者インターンなどを経験。

仕事外ではスポーツや体を動かすことが好きで、卓球プレーヤーでもある。またストレス発散の為に時々料理を楽しんでいる。

勤務地:インド

サジン・ジェイエス

Software Engineering

Androidアプリケーション開発で7年以上の経験を持つ。テクノロジーチームのソフトウェアエンジニアとして五常に入社。 Nagarjuna college of Engineering and Technology を卒業し、工学学士号を取得。

五常に入社する前はSeqatoのリード エンジニアとして、モバイル チームの指揮とモバイル アプリケーションの開発を担当。また、Rainconcert Technologies、Codeleven Technologies、Businocrats に勤務していた。さまざまなカテゴリのAndroidアプリケーションを開発。

自由な時間を家族や友人と過ごすことを愛する。クリケット、チェス、キャロム盤をプレイするのが好きで、いろいろな曲を聴くことも好き。

勤務地:日本

ラフル・ロカデ

Data Engineering

インド工科大学でコンピュータサイエンスとエンジニアリングの修士号を取得。

卒業後、Quikr India Pvt. Ltd.に入社し、さまざまな社内システムの実装を主導。五常入社前は、Shaadi.comのデータエンジニアリングチームで、クラウドベースのデータレイクとデータウェアハウジングシステムの実装・強化を担当。

五常ではデータ管理プラットフォームの構築に取り組んでいる。

写真と料理が好き。生命の存在と進化に強い関心を持ち、最近では現代の技術進歩に対する宗教や神話の持つ影響について学んでいる。

動物を愛し、家族、友人、そして愛犬Eathenと過ごす時間を大切にしている。

勤務地:インド

ミシェル・チャン

Innovation Product Director

2022年9月にイノベーション・プロダクト・ディレクターとして五常に入社。テクノロジー分野のベンチャーキャピタルの専門家で、大手ベンチャーキャピタルファンドにおけるアジア全域での経験と、eコマースマーケティング、ベンチャー構築、ファイナンスにまたがる多様な見識を備えている。

五常入社以前は、Launcho VenturesでSEAと米国市場を中心とした消費者ブランドの拡大に取り組んだ。また、Vertex Venture Holdingsに在籍し、中東地域と台湾への投資を行なった。Vertex以前は、Reebonz Taiwanで、高級電子商取引プラットフォームを拡張し、デジタルビジネスをゼロから立ち上げた。また、大手食料品スタートアップのHonestbeeでは、C-suite Managerとして勤務。

自由な時間には、ヨガや読書、音楽鑑賞を楽しんでいる。

勤務地:シンガポール

梁穎恩 (グレース)

Financial Reporting / Accounting

ファイナンスチームの一員として五常に入社し、主に会計と財務報告を担当している。香港中文大学にて会計学の学士号を取得。

PwC香港事務所でキャリアをスタートし、2012年にPwC Japanに移籍。PwCでは、法定監査、財務報告アドバイザリープロジェクト等に従事。また、2014年から2016年までIFRS財団アジア・オセアニア事務所に出向し、国・地域ごとの税務開示やIFRS報告に関する調査を行っていた。Gojoに入社する直前には、ITベンチャー企業のJapan Computer Vision Corp.で2年間、経理・財務企画・分析チームのリーダーを担当。

仕事以外の時間は家族とアウトドアで過ごし、サッカー観戦を楽しむ。

勤務地:日本

カルシック・パイ

Regional Finance Manager

五常のファイナンスチームに参加。Chartered Accountant with Institute of Chartered Accountants of Indiaの資格を持ち、財務領域の複数の分野で8年以上の経験を持つ。インドのカルナータカ州にあるベンガルールを拠点に活動。

五常入社以前は、フィンテックスタートアップのAvanti Financeに勤務。Avantiでは財務部門全体を担当し、最初のエクイティ資金調達である 2600 万米ドルの調達を成功させたチームの一員でもあった。また、CapitaLandでは、インド事業の財務報告を担当し、インド事業の財務機能の立ち上げを主導した経験もある。

仕事以外では料理が好きで、サイクリングやランニングをし健康維持に努めている。インド国内を広く旅する熱心なトラベラー。

勤務地:インド

大場 有紗

IR Manager

2020年4月より五常の財務チームに参画し、Investors Relations、エクイティ・デット調達、IPO準備、PRに従事。

前職の三菱UFJモルガンスタンレー証券では、国内外のM&A、エクイティ・オファリング、不動産セクターのアドバイザリーサービスに関与。

学生時代、タンザニアにて女性と子どものエンパワメントに関するインターンに従事。五常財団事務局として運営に携わっている。

趣味はヨガ(RYT 200)、旅行、読書。

勤務地: 日本

佐竹 亮

Head of Accounting and FP&A

2020年8月より五常・アンド・カンパニーに所属。同社でHead of Accounting and FP&Aを担当している。

大学2年次に公認会計士試験に合格し、非常勤としてEY新日本監査法人に入社。大学在学中に、語学留学、EYフィリピンで金融アドバイザリー、国内会計事務所で経営アドバイザリーを経験。EY新日本で3年間勤務後、EYロサンゼルス事務所で2年間駐在。IFRS、US-GAAP、J-GAAPでの監査をそれぞれ経験。

マイクロファイナンスとの出会いは、学生時代、フィリピンでのインターン。

堅田 航平

Chief Financial Officer

大学在学中にバングラデシュのNGOにおけるリサーチ・インターンを通じて、マイクロファイナンスの可能性と課題を認識。大学卒業後、インドの英文校正スタートアップの立ち上げに関与したのち、モルガン・スタンレー証券 投資銀行本部においてM&Aアドバイザリー業務に従事。Och-Ziff Capital Management(Hong Kong)を経て、2008年にライフネット生命保険に入社し、経営管理、事業開発、組織開発、韓国におけるJV設立などを担当。IPO準備の責任者として同社を東証マザーズ上場に導き、執行役員CFOに就任。

2014年に7番目の社員としてスマートニュースに入社。コーポレート部門の立ち上げ、累計85億円強の資本調達、米国子会社の設立、採用・人事・組織開発等を担当したのち執行役員 財務担当に就任。

スポーツと軽井沢とカレーをこよなく愛する二児の父。

日本証券アナリスト協会認定アナリスト(CMA)

note: 民間版の世界銀行を目指す五常・アンド・カンパニーに入社しました

勤務地: 東京

ソヒル・シャア

Principal/Head of VC

ムンバイ大学で電子工学の学士号を、ミシガン大学でファイナンスの修士号を取得。五常入社以前は、Aavishkaar-Intellecapグループに所属し、ソーシャルインパクト・スタートアップへの投資に焦点を当てたエンジェル投資ネットワークであるIntellecap Impact Investment Networkを率いた。5年間の在籍中、インドと東アフリカで約35件の投資を主導した。

投資銀行業務の専門家。以前はBank of Americaにシニアアナリストとして勤務していた。グローバル投資銀行チームに所属し、ヘルスケア分野に重点を置き、数十億ドル規模のM&A取引に関与。それ以前は、インドのFortune Financial Services LtdとNYのCrucible Capital Groupの投資銀行チームに所属していた。

ビール好きであるほか、個人的にエンジェル投資家としても活動。家族と一緒にプネに住んでいる。

勤務地:インド

サンジェイ・ガンディ

共同創業者・Chief Investment Officer

2014年に最高投資責任者として五常を共同創業し、以来、投資部門を率いている。投資先開拓のほか、パートナー企業の取締役会や委員会に参加し、グループ会社におけるガバナンス強化に積極的に貢献している。

Delhi University卒業前に公認会計士(CPA)の資格を取得。1990年代前半にインドで監査マネージャーとして勤務した後、金融会社でコーポレートバンキング(北インド)チームを率いる。

2003年にマイクロファイナンス業界に入り、以来、29カ国で約125のMFI格付けと評価を実施し、400以上のMFI格付けレポートを承認した。世界銀行、ADB、UNDP、Cordaid、Mercy Corpsなどの案件を担当。2013年にカンボジアのMFIでCEOを務めた後、慎と共に五常を設立し、マイクロファイナンス分野における豊富な経験を活かしている。

妻と2人の娘とインドで暮らす。 英語、ヒンディー語、パンジャブ語を話し、読書、映画、音楽をこよなく愛する。長年The Beatlesを愛している。

勤務地:インド

アルノー・ヴェンチュラ

Managing Partner、執行役

世界有数の金融包摂グループ2社を設立、CEOとして率いた。

Jacques Attaliとムハマド・ユヌスの支援を受け、プラネットファイナンスを共同設立し、世界中でアドバイザリーサービスを提供。またアフリカ9カ国と中国でBaobab(旧MicroCred)を設立・CEOとして主導。退職前の2019年にBaobabは100万人の顧客に10億ドルを貸し出し、約2億ドルの総収益と4000万ドル以上の経常利益を創出。

世界経済フォーラムのヤング・グローバル・リーダーであり、the French China FoundationとShare Africaの共同設立者でもある。パリのEFREIでコンピュータサイエンスを、La Sorbonneで哲学を学んだ。フランス語、英語、スペイン語を流暢に話し、歴史と哲学を愛する。スキーとハイキングが好きな二児の父。

勤務地:フランス

慎 泰俊

創業者・代表執行役

1981年東京都生まれ。モルガン・スタンレー・キャピタル、ユニゾン・キャピタルで8年間にわたりプライベート・エクイティ投資実務に携わった後、2014年に五常・アンド・カンパニーを共同創業。グループ経営、資金調達、投資など全般に従事している。

金融機関で働くかたわら、2007年にLiving in Peaceを設立し(2017年に理事長退任)、日本初のマイクロファイナンス投資ファンドを企画した。過去15年以上にわたり社会的養育を受ける子どもの支援に携わっており、2021年に日本児童相談業務評価機関を共同設立した。

単著は9冊。日本縦断1648kmウルトラマラソン完走。空手黒帯、ブラジリアン柔術青帯(2022年時点)。世界経済フォーラムのYoung Global Leader 2018選出。一般財団法人五常代表理事。朝鮮大学校法律学科、早稲田大学大学院ファイナンス研究科卒。趣味はストリート写真を撮ること。時々バンドでドラムを叩く。

取締役会議長、監査委員会及び指名委員会の委員を務める。

勤務地:日本

Michelle Chang

Innovation Product Director

Michelle joined Gojo in September 2022 as the innovation product director. She is a seasoned technology and VC executive with pan-Asian experience at leading VC funds and diverse insight spanning e-commerce marketing, venture building, and finance.

Before joining Gojo, she was venture manager at Launcho Ventures focusing on scaling consumer brands focusing on SEA and the US market. Her career has included her significant time at Vertex Venture Holdings, a subsidiary of Temasek Holdings. In her four years at Vertex, she made investments across the SEA market and Taiwan. Before Vertex, Michelle was the first employee of Reebonz Taiwan, scaling a luxury e-commerce platform and led the growth of the digital business from the ground up to nearly $USD1 million in its first year. She also worked at the leading grocery startup Honestbee as C-suite manager.

Works in: Singapore

Shraddha Kumari

HR Assistant Director

Shraddha joined Gojo in August, 2022 as an HR Assistant Director. She has 12 years of experience in HR and has managed Recruitment, Employee Engagement, Performance Appraisal along with managing end to end employee lifecycle. Prior to joining Gojo, Shraddha was associated with EY (Ernst & Young) where one of the most fun project she worked was around driving Wellbeing at work which included surveys, understading employee mindset and customizing Wellbeing programs under diffferent pillars like Social, Financial, Physical and mental wellness. Apart from EY, she has worked with different organizations like Genpact, HCL, Max Bupa Health Insurance and Pearl Academy which has given her exposure across industries.

At Gojo, she leads Human Resource and manages end to end employee life cycle along with focusing on building the right culture.

Shraddha did her Masters in Business Administration from IBS, Kolkata and did her Psychologu Hons. from her hometown Jaipur.

Shraddha lives in Jaipur, Rajasthan with her family. She loves to travel, enjoys going on treks and is an ardent dog lover. She also enjoys meeting new people and building meaningful connections.

Works in: India

Haruna Tanaka

Corporate Planning team

Why did you join Gojo?
Since the beginning of my career I had wanted to spend my time on supporting people in developing countries. However, I ended up starting my career as a strategy consultant. After 3 years, I joined Rakuten, a Japan-based internet services company, where I worked mainly at the CEO office as an internal consultant. There were many interesting projects and I really enjoyed my time there, but I couldn't give up on my original aspiration. After spending 10 years at Rakuten I decided to shift my career to pursue my personal mission.

You can read more about my career here.

What does a day in your life look like?
A typical day will be like this:

0700-0900 : Time with kids - breakfast, send them off to school, dish washing, laundry etc

0930-1200 : Start working at home. Morning is usually more quiet and I get time to do analysis, write / read reports etc. (if I'm lucky)

1200-1300 : Lunch

1300-1800 : Meetings with Gojo team members, group company counterparts, committees and board meetings

1800-2000 : Time with kids - dinner, bath, homework etc

2000-2200 : Not everyday but sometimes late night meetings, some additional work to be done

What do you find challenging and rewarding about your job?
The best part is the people you work with. It is amazing to work with really talented people who share the same values and the goal to achieve a social mission. Everyone is very kind and empathetic, while being super professional. I also like the flat and open culture - you are encouraged to dissent without fear, almost all information is disclosed to everyone so transparency is quite high, very little hierachy. The challenges are workload management and distance with the clients. Being a startup there is always so much work that needs to be done, while as a working mother there is only limited time I can spend, so it sometimes becomes difficult. Being in Japan, it is sometimes difficult to provide effective support to clients in a timely manner. Having said that I feel that the challenges are possible to overcome with the great team members.

A word for prospective team members
I think it was one of my best decisions I made in my life to come to Gojo. I am sure you will feel the same too.

Akash Suluru

Product Associate

Akash Suluru has joined Gojo & Company as part of the Studio team with a focus on Product Management and Data Analytics. He earned his Bachelor's degree in Technology from Vellore Institute of Technology. Akash started his journey with Gojo as a Technology Intern where he worked with the data team from Feb 2021 to June 2022. During this internship Akash focused on building Dashboards for our partner Sejaya using SQL and Redash Tool. He also worked on various research projects and developed a probability of default model to predict the loan delinquency using Python. Prior to this Akash had completed three internships which include working as Data Analyst Intern at Reliance JIO, a Product Management Intern at Cerebro Kids and Big data and IOT developer Intern at Avotrix.

Outside of work, he enjoys spending time in sports and physical activities and is a district level table tennis player. He also takes pleasure in cooking occasionally as its a great stress buster.

Works in: India

Koharu Suganuma

Financial Reporting / Accounting

Koharu is a Certified Public Accountant and Tax Accountant in Japan and works at Gojo with a focus on accounting, tax, and financial reporting.

Koharu has a B.A. in Policy Management from Keio University. She passed the CPA exam when she was a sophomore in university and started her career at Ernst & Young Tokyo as an auditor. After spending 4 years focusing on statutory/internal control audits and IFRS implementation projects, she joined Deloitte Tohmatsu Financial Advisory and experienced cross-border and domestic M&A advisory, mainly financial due diligence, overall support for carve-out transactions, deal structuring, and PMI projects for 3 and half years.

Outside of Gojo, Koharu delivers several supports to start-ups by building and improving business flows and providing accounting/tax services. Koharu loves listening to music, watching movies, traveling and visiting hot springs. She also enjoys road biking and hopes to take a long vacation and go around Taiwan by bike in the future.

Works in: Japan

Joydeep Bandyopadhyay

Internal Audit

Hello Everyone

Joydeep has joined Gojo Group in the Internal Audit Department from June 2022 and would collaborate with the partners and also involve with Group Internal Audit functions. He has undetgone graduation in Computer Science and professionally undergone Insurance and stock market trading certification. Apart from that, also a diploma holder in software technology and have undergone certification in KYC and AML.

He has started his career way back in 2004 and have a total experience of almost 18 years in the Banking and Financial Services industry with experience in Retail Banking Business and operations, Micro-Banking Operations, Internal Audit functions for different verticals, Fraud Investigations, Process Reviews, Compliance Testing. He has worked with various organizations such as Microland Ltd, Wipro Infotech, Axis Bank, ICICI Bank at different capacities and lastly with Bandhan Bank in the Internal Audit Department.

On the personal side, he likes to spend leisure time with family and also take out playing time with his adorable two pets, that is a Beagle and a Rottweiler. He is from Kharagpur and now settled in Kolkata with his family and his wife is a homemaker and they are blessed with a son of age of 13 years.

Works in: India

Grace Leung Wing Yan

Financial Reporting / Accounting

Grace has joined Gojo & Company as part of the Finance team with a focus on accounting and financial reporting. She earned her Bachelor's degree in professional accountancy from the Chinese University of Hong Kong.

Grace started her career with PricewaterhouseCoopers(PwC) Hong Kong and later relocated to PwC Japan in 2012. At PwC, she engaged in statutory audits and financial reporting advisory projects including IFRS/USGAAP conversions and accounting policy advisory. She was also seconded to the IFRS Foundation Asia-Oceania Office between 2014 - 2016, performed research on tax disclosure and IFRS reporting by jurisdictions. Just prior to joining Gojo, she spent 2 years at Japan Computer Vision Corp., an IT startup company where she was responsible for leading the accounting and financial planning and analysis team.

Outside of work, she enjoys spending time outdoor with her family and she also loves watching soccer games.

Works in: Japan

Sajin J S

Software Engineering

Sajin has over 7 years of experience in Android application development. He joined Gojo as a Software Engineer as part of the technology team. He is a Bachelor of Engineering graduate, passed out from Nagarjuna college of Engineering and Technology, Bangalore, India.

Before joining Gojo, Sajin was a Lead Engineer at Seqato, and was responsible for leading the mobile team and developing mobile applications. Prior to Seqato, Sajin worked in companies Rainconcert Technologies, Codeleven Technologies and Businocrats. In his career, he developed Android applications in different categories like Weather, Health & Fitness, Finance, Social, Business, Productivity, Food & Drink, Maps & Navigation etc.

Sajin likes spending free time with family and friends. He loves playing cricket, chess and carrom board, also he loves to listen to all types of songs.

Works in: India

Milena Nikolova

Outside Director

Milena has over 20 years of finance experience spanning across investment banking, wealth management, venture capital investing and startup advisory. She is a strong believer that directing capital for impact can be a powerful force for good without compromising financial returns.

Milena currently works with Aera VC, a global venture capital firm investing in radical solutions to climate change. She is also Founding Partner of Therion Advisers, a startup advisory firm as well as Venture Partner in Antler, a global early stage VC that enables the founding of about 200 startups per year. Prior to that as Executive Director at UBS Investment Bank in London, she advised leading European banks and insurance companies on mergers, acquisitions and IPO transactions totaling over $10bn in deal value. In Wealth Management in Singapore, she worked with ultra high net worth individuals on financial assets allocation, wealth planning or corporate structuring.

Milena also devotes considerable time to charitable causes and is a partner/founder in several NGOs. She has 3 children and is an adventurer, outdoor sports and salsa dancing lover. She is a CFA charterholder and has a MSc degree in International Accounting and Finance from the London School of Economics.

Works in: Singapore

Karthik Pai Nejigar

Regional Finance Manager

Karthik has joined Gojo & Company as part of the Finance team. He is a qualified Chartered Accountant with Institute of Chartered Accountants of India and has over 8 years of experience across multiple areas of the finance function. He is based out of the city of Bengaluru in the state of Karnataka in India.

Prior to joining Gojo, he worked at Avanti Finance, a fintech startup. At Avanti he was responsible for the entire finance function and was part of the team that successfully closed Avanti's first equity fund raise of USD 26 Million. He has also worked at CapitaLand where he was responsible for financial reporting for India business and led the setup of the treasury function for their India business.

Outside of work he enjoys cooking and also tries to keep fit by cycling and running. He is an avid traveler and has traveled extensively across India.

Works in: India

Rajnish Roy

Head of Internal Audit

Rajnish has joined the Gojo Group as the Head of Internal Audit from Dec 2021. He is responsible for internal audit function in Gojo Group and collaborating with the internal audit functions with each partner of Gojo. He is a Chartered Accountant, Certified Fraud Examiner, Certified Anti-Money Laundering Specialist and ISO9001:2015 Lead Auditor. He has a total experience of 20 years in the Banking and Financial space and has worked in various banks and financial institutions.

In his last assignment with Axis Bank, he was responsible for Anti Money Laundering Compliance. He has also worked with the Lulu Financial Group as the Chief Internal Auditor, at their Global Headquarter in Abu Dhabi. In his other job assignments, he has worked with ICICI Bank, PwC, YES Bank and HDFC Life.

In his free time he runs marathon, hikes and listens to music.

Works in: India

Haruna Tanaka

Head of Corporate Planning/IPO Project Lead

Haruna is a professional with expertise in strategy, business development and incubation. She is the IPO Project Lead of Gojo, while working on corporate governance, social performance management, impact measurement, stakeholder impact management and any other projects that are needed to further enhance Gojo's work.

Prior to Gojo, she worked for Rakuten, a Japanese internet services company for 10 years. As a member of the CEO's office, she worked on special projects and other items on the CEO's agenda, including acquisition of overseas companies, enrollment of Englishnization at Rakuten, strategy development of Rakuten Mobile and more. Amongst other things, she also led Rakuten's ebook business as business manager in Japan and Taiwan, Asian business development, and innovation activities, including internal and external accelerator programs. Before Rakuten, she was a strategy consultant at Booz and Company. She graduated from Tokyo University majoring in Economics. She has lived 3 years in UK and a year in US in her childhood and is fluent in Japanese and English.

Outside of work, Haruna is a partner and board member of Social Venture Partners Tokyo, an NPO supporting seed stage social entrepreneurs to succeed. She is also a mother of 2 children, and enjoys reading and playing the flute.

Works in: Japan

Royanne Doi

Outside Director

Royanne Doi is the former Corporate Chief Ethics Officer of Prudential Financial Inc., and former Advisor for Global Legal, Ethics & Compliance to Yamaha Corporation.

Prior to Yamaha, Royanne held senior legal positions with major global financial institutions. At one point, she managed 200+ staff around the world, with business experience in North and South America, Asia, and Europe. During her tenure as a global ethics officer, Prudential Financial received Ethisphere's designation as one of the World's Most Ethical Companies for the first time in 2015, and multiple times thereafter. As a member of Gojo's board, she will further accelerate the strengthening of internal audit and corporate governance to enable the sustainable growth of Gojo group.

Royanne has an undergraduate degree in Philosophy, from Washington University in St. Louis, graduating Magna Cum Laude, Phi Beta Kappa. She earned her Juris Doctorate from UCLA School of Law. She is married to her law school sweetheart and has lived in Japan since 1994. She has three passions: economic empowerment for women, Asia with an emphasis on Japan, and the intersection between neuroscience and behavioral ethics.

Works in: Japan

Rahul Rokade

Data Engineering

Rahul holds a masters degree in Computer Science & Engineering from Indian Institute of Technology - Bombay, India.

After graduating, he joined Quikr India Pvt. Ltd. and led implementation of various in-house systems there. Prior to joining Gojo, Rahul worked for leading Indian matchmaking platform Shaadi.com in their Data Engineering team, and was responsible for implementing and enhancing cloud-based data lake and data warehousing systems. At Gojo, Rahul is working as a part of the Technology/Data team on building a data management platform to support the company's data strategy.

Rahul likes photography and cooking. He has a keen interest in topics related to the existence and evolution of life, and has recently developed an interest in learning about the influence of religion and mythology on modern technological advancements. Rahul is an animal lover. He loves to spend his free time with family, friends and his dog Eathen.

Works in: India

Arnaud Ventura

Managing Partner

Arnaud has founded and led two of the leading European financial inclusion groups active in Micro and SME finance, as well as digital finance.

Between 1998 and 2008, Arnaud cofounded and led PlaNet Finance with the support of Jacques Attali (Chairman) and Muhammed Yunus (Chairman Advisory Board). It was one of the most successful European financial inclusion groups, providing mainly advisory services in the sector. Between 2008 and 2019, Arnaud founded & led Baobab (formerly MicroCred), the leading Micro&SME digital bank in Africa & China. In 2019 alone, Baobab lent $1 billion to 1 million clients, generating around $200 million total revenues and more than $40 million pre-tax profit.

Arnaud is a Young Global Leader of the World Economic Forum. He also cofounded the French China Foundation, the leading network of Young Leaders between France and China, and Share Africa, a platform to promote Africa's innovation and creativity. Arnaud graduated from EFREI, Paris, in Computer Science, and La Sorbonne in Philosophy. He speaks French, English and Spanish fluently and loves reading history & philosophy. He loves skiing and hiking in the mountains (particularly in the south of France), and has 2 young boys.

Works in: France

Ryo Satake

Head of Accounting and FP&A

Ryo is a Certified Public Accountant and works at Gojo as a head of Accounting and FP&A. Ryo has a bachelor's degree in Economics from the University of Keio. While at university he passed the CPA exam, the youngest to do so that year. He did an internship at Ernst & Young Philippines, where one of his clients was a microfinance institution, and was impressed with the purpose of microfinance and its business model.

After graduating, he joined Ernst & Young in Tokyo, where he engaged in financial audits, internal control audits, operations/financial management advisory and financial due diligence for potential M&A. He also spent 2 years on secondment at the EY Los Angeles office, where he was in charge of supporting a unicorn startup company headquartered in the United States. He has experience auditing under IFRS, US-GAAP and J-GAAP.

Ryo is very fond of traveling, reading books, watching soccer and going to the sauna.

Works in: Japan

Marco Giancotti

Technology team

Why did you join Gojo?
I come from a science/tech background, but originally I was making satellites and web platforms for satellite data, not financial services. Working on tech projects was great in itself, but I felt that I wanted to channel that fun to solve non-first-world problems as directly as possible. I started looking to pivot my career in that direction and found Gojo to be the perfect match for that. Even better than I hoped, actually.

What does a day in your life look like?
When there is no pandemic bringing the world to its knees, I usually work from Gojo's office in Tokyo. Otherwise, I work from home. My team is scattered around the globe, so we communicate online most of the time anyway.

What do you find challenging and rewarding about your job?
In the half-year that I've been working here (it flew by like a flash!) I've learned lots already, and it's really fun to work with the best of the best professionals from very different fields. Everyone is both highly-skilled and committed to doing good. No one is fooling around. Best of all for me, they are all simply nice people. Of course, working with team members spread across many countries and cultures is not easy. You have to step up your interpersonal skills and get used to the overheads. But if you can do that, it's extremely rewarding and, I repeat, fun. We get to meet our clients, team up with our partners, and solve some of the toughest problems of our society. What better job can I wish for?

A word for prospective team members
You have to be a little crazy and very empathic to work at Gojo. If you are, you are going to love it!

Sohil Shah

Investment team

Why did you join Gojo?
Prior to joining Gojo, I worked with one of India’s largest impact investing groups covering many sectors like healthcare, financial services, agriculture, education etc. After 5 years, I felt the need to build deep expertise in a particular area so as to make a meaningful contribution. With financial inclusion as its core theme, Gojo not only gave me an opportunity to work directly on the field but also think about how I can make real impact.

What does a day in your life look like?
Even after a year at Gojo, my days are still intellectually stimulating! Typically I have a bunch of calls/meetings on various issues – managing partner companies, fundraising, building investment pipeline, technology strategies for a group, etc. Initially, it did look overwhelming, but I like the fact that it gives me an opportunity to cover multiple facets related to building a strong foundation for the group. There are also a lot of casual chats with colleagues between meetings which make for a fun day!

What do you find challenging and rewarding about your job?
The only challenge I see at Gojo is our remote style of working. Throughout my career, I have worked with colleagues co-located in a physical office so this was definitely new to me. But the rewards outweigh the challenges and make it all worthwhile. The opportunity to understand the hardships of our clients, experience their lives, and constantly strive to make them better keeps me going. You feel that you’re making a dent in the universe, in your own small way, and that feeling has been very satisfying for me.

A word for prospective team members
Despite the large scale, Gojo still operates like a start-up. If you want to make a difference to the society while working in a flat organization with a high level of ownership, then this is the place for you!

Cheriel Neo

Impact Measurement

Cheriel works on initiatives to measure and learn from the impact of Gojo's partners' products and services on our clients' lives. She has a BA (Hons.) in History and English from Exeter College, Oxford University, and an MSc. in Translation Studies from the University of Edinburgh. Cheriel got started in the world of social impact during her time in Oxford, where she ran a homeless outreach, and helped found what would become a national student-led charity for social justice.

After graduating, she joined Social Finance, a social investment financial intermediary, where she designed Impact Bonds in the UK, Cameroon and the West Bank, and helped create an app to track young people’s outcomes after leaving state care. She is a founding director of Proof Bakery, a social enterprise training and employing refugee women in the UK.

In her spare time, Cheriel enjoys reading, snacking, and exploring her neighbourhood. She is an accomplished knitter and an avid home cook.

Works in: Japan

Takao Takahashi

Chief People and Inclusion Officer

At Gojo, Takao leads corporate planning, strategy setting, and HR. Before joining Gojo, Takao was an Investment Officer at International Finance Corporation (IFC), the private sector arm of the World Bank Group, based in both Washington DC and Jakarta. In his 7 years with IFC, he led investments in microfinance institutions, banks and fintech startups in emerging markets. Before IFC, Takao worked as the Bhutan Prime Minister’s Fellow, developing microfinance regulations and financial inclusion policy to contribute to Bhutan’s Gross National Happiness (GNH). He also worked for 4 years as a management consultant with McKinsey & Company based in Frankfurt and Tokyo.

Takao graduated from Georgetown University, USA, with a Master of Science in Foreign Service and completed his Bachelor of Laws from Kyoto University, Japan.

Takao loves singing, both opera and karaoke. Tennis is his favorite sport. He has authored a book in Japanese, the English translation of the title being; ‘What is true happiness? Thoughts from Bhutan’

Works in: Japan

Yoshinari Noguchi

Researcher in Residence

Yoshi joined Gojo and currently is leading the company’s analytics projects. Having graduated from Tokyo University and worked for Dai-ichi Life Insurance for 2 years, he spent 10 years as a quantitative analyst at Goldman Sachs Asset Management where he used to work for Global Alpha, a hedge fund of the investment bank.

At Goldman Sachs, Yoshi managed quantitative global tactical asset allocation of the fund and developed various quantitative investment management products and tools. After leaving Goldman Sachs, he founded his own company and used to run a music studio business while providing consulting services for financial institutions. He loves finance theory, music, and skiing.

Works in: Japan

Tomasz Ociepka

Data Analytics

Tomasz graduated from Queen Mary University of London, United Kingdom, with a Master of Science in Mathematics.

Before joining Gojo, Tomasz was an independent data scientist based in Oxford, United Kingdom. He was providing services in the area of data analysis and data management for startups and SMEs. He was also a consultant for academic research using advanced quantitative methods.

In 2019 he joined Gojo to fight income inequalities in the world. Among others, he is responsible for data analysis and data projects in Gojo as well as support partner companies with his knowledge and experience.

Likes hiking and ink paintings. When inspiration strikes, he writes haiku.

Works in: Tokyo, Japan

Marco Giancotti

Systems and Knowledge

Marco studied physics and aerospace engineering, up to doctoral studies at the Sapienza University of Rome and the Japanese Space Exploration Agency (JAXA). Before joining Gojo in 2019, he worked as an engineer and then as a project manager at Axelspace, a maker of small commercial satellites.

At Gojo, Marco participated in several tech initiatives, ranging from DX support for partners around the world to the creation of novel financial service platforms. He led the creation of a digital field application (DFA) as product manager from 2020 to 2022.

Marco reads and writes most of the time. He speaks Japanese and is doing independent research in several scientific fields.

Works in: Tokyo

Kaung Set Lin

Innovation

Kaung Set Lin studied Liberal Arts at Sarah Lawrence College in the United States and returned to Myanmar at the end of 2012. He has over 6 years of experience in the financial sector in Myanmar. He started out his career in microfinance managing the MIS while exploring digital products and partnerships at one of Myanmar’s leading MFIs, Proximity Finance. After this, he entered Myanmar’s banking sector with KBZ Bank, where he worked with different stakeholders in partnership with Huawei to develop KBZ Pay to expand the outreach of the bank. Before joining Gojo & Co in late 2019, he worked for Yoma Bank’s Digital Division, where he created and launched a digital lending product called SMART Credit.

When he is not busy working, Kaung Set likes to travel and read along with learning new skills. He also likes going to music festivals and would travel to go to different events around the region.

Works in: Myanmar

Shun Ito

Deputy CEO, MIFIDA / IR and Alliance, Gojo

Based in Myanmar, Shun is the Deputy CEO at Microfinance Delta, and also takes on a role in fundraising and business development activities for all Gojo's partner companies

After studying at Keio University, Faculty of Economics, and graduating from School of Oriental and African Studies (SOAS), University of London, Shun joined Roland Berger and worked in the Japan and Singapore Offices. As a management consultant, he was involved in multiple projects across Southeast Asia.

As a freelance consultant, Shun worked in rural Japan in Akita for a local supermarket chain. His early childhood was spent in the UK and Brazil. Proficient in English and Japanese, he also has basic Burmese skills. Tennis is his favourite sport. During an earlier stint in Myanmar, Shun ordained at a Buddhist monastery and practiced meditation.

Works in: Myanmar

Tomohiro Isozaki

CEO, Maxima

Tomo joined Gojo in 2018 as a Country representative of Cambodia and became the CEO of Maxima Microfinance Plc. in 2022. He oversees the strategic and operational development of Cambodian business. He leads the MFI by managing strategy, corporate planning, operation, credit, HR, digital initiative, marketing, fundraising, and social performance management.

Prior to Gojo, he worked for Healthbank Pte.Ltd. as a Business Development Associate, working in Vietnam, Malaysia, and Singapore. Next, he joined McKinsey (Tokyo office) and was involved in multiple projects. Later, as a member of the strategic planning division of the Food Business Unit of Mitsui &Co., Ltd. Tomo was engaged in projects of strategy, investment, research, and group company management.

Tomo is proficient in English and Japanese and is also learning Khmer. His motto is “Be tough, wise and tolerant, enjoying your own life.” Throughout the business activity, he tries to establish a fair and free society based on trustworthy relationships.

Works in: Cambodia

Arisa Oba

IR Manager

Arisa works on investor relations and funtraising with the team.

After graduating from Keio University, Department of Political Science, and studying abroad at the University of Manchester as an exchange student, Arisa joined the Investment Banking Division of Mitsubishi UFJ Morgan Stanley. She was involved in cross-border and domestic M&As, equity offerings and financial advisories, primarily for the real estate industry.

Building on her long-standing interest in global inequality and her experience interning at a local NGO in Tanzania providing empowerment programs for women and children, she aims to dedicate herself to solving injustice in the world.

She loves yoga, traveling, and reading books to find beauty and peace inside and outside.

Works in: Japan

Sohil Shah

Principal/Head of VC

Sohil graduated from the University of Michigan, Ann Arbor, with a Masters in Finance and completed his under graduation in Electronics Engineering from the University of Mumbai. Before joining Gojo, Sohil was a part of the Aavishkaar-Intellecap Group where he led Intellecap Impact Investment Network, an early-stage angel network focused on making investments in social impact start-ups. In his five years with the group, he led around 35 investments in India and East Africa of which they exited from 6 companies and another 15 companies raised follow-on round of investment.

An Investment Banking professional with over six years of experience in India and US, Sohil previously worked as a Senior Analyst at Bank of America. He was part of the Global Investment Banking team, with a key focus on the healthcare sector, where he was a part of a few billion-dollar M&A transactions. Prior to that, he worked with the investment banking teams at Fortune Financial Services (India) Ltd and Crucible Capital Group in New York.

Apart from being an avid brewer, Sohil is an angel investor in his personal capacity as well. He lives in Pune with his family.

Works in: India

Gürol Sari

Chief Operating Officer

Gürol Sari joined Gojo in June 2020 as our Chief Operating Officer, and oversees the strategic and operational development of our partner institutions. Gürol has extensive leadership experience in retail banking, SME finance, microfinance & financial digitalization, as well as experience in turnarounds of several institutions. He has worked in the banking sector for over 30 years in many countries, including Germany, Austria, Myanmar, Turkey, Albania, Russia, Australia, and Tanzania.

From the start of his career, his interest was drawn towards innovation and impact: Gürol created the first fully automated online credit solution in Germany, easyCredit, which is ranked No.1 today in Germany. Prior to joining Gojo, Gürol worked as Chief Operating Officer of Vision Fund Myanmar, where he developed and implemented a fully digitized microfinance system that provided over 300,000 clients in extreme poverty with access to credit, savings, and education. He currently advises several international banks on digitization and change processes.

Gürol has a creative spirit and is always active. He is passionate about architecture, gardening, handicraft (particularly remodeling houses), and loves to bike and to play tennis. He dreams of sailing with his wife once his two children are independent.

Works in: Germany

Kohei Katada

Chief Financial Officer

Prior to joining Gojo, Kohei has served as Senior Vice President of Finance at SmartNews, Inc., a developer of a news discovery app. As its 7th employee and part of its management team, he led $80 million of equity financing and undertook a wide range of responsibilities including financial control, accounting, recruiting, people operations, legal, and investor relations.

As one of the founding members and as Chief Financial Officer at LIFENET INSURANCE COMPANY, a leading online life insurer in Japan, Kohei led it’s successful $100 million Initial Public Offering in 2012, and also setup a joint venture in Korea.

Kohei started his career at Morgan Stanley in its Investment Banking Division, where he was involved in multiple cross-border M&A transactions. In 2005, he moved to Hong Kong and joined Och-Ziff Capital Management, a global asset management company.

Kohei has a B.A. in Law from the University of Tokyo. While at school, he did an internship at a local NGO in Bangladesh where he was inspired by the power of microfinance that can unlock the potential of micro-entrepreneurs.

Kohei enjoys playing with his two boys over the weekends. He loves sports and has successfully finished the long-distance triathlon.

Works: Tokyo, Japan

Sanjay Gandhi

Co-Founder & Chief Investment Officer

Sanjay co-founded Gojo in 2014 as Gojo's Chief investment Officer and has led the Investment Division since then. Apart from recommending the investments to be made by Gojo, he also represents Gojo on the Board and Committees of the partner entities and contributes actively towards strengthening the governance at the partner level.

Sanjay qualified as a Chartered Accountant (CPA) before graduating from Delhi University. After his first job as an Audit Manager in India in early 1990s, he led the Corporate Banking (North India) team for a Finance company.

Sanjay joined the microfinance industry in 2003 and has been part of it ever since: conducted about 125 MFI ratings & assessments in 29 countries; approved more than 400 MFI Rating reports. Some of the assignments were for the World Bank, ADB, UNDP, Cordaid, and Mercy Corps. After his CEO assignment at a Cambodian MFI in 2013, Sanjay and Taejun got together to set up Gojo, where Sanjay’s extensive experience in the microfinance sector has been invaluable.

Sanjay operates from India, where he stays with his wife and two daughters. He speaks English, Hindi, and Punjabi. Loves reading; movies; and music. “The Beatles” is his all-time favourite music band.

Masahiro Kotosaka

Outside Director

Masahiro Kotosaka is an Associate Professor at Keio University and an Associate Fellow of Saïd Business School, University of Oxford. He is a non-executive director of Gojo & Company since March 2017. He is an expert in Internationalization strategy and early stage business development, and advisor/non-executive director of several start-up/multinational companies.

Before moving to Keio, he was an associate professor of multinational management at Ritsumeikan University, a teaching & research associate at the University of Oxford, and a consultant at McKinsey & Company based in Frankfurt and Tokyo. As a practitioner, he worked for strategy/marketing projects with sixteen client organizations across nine industries and nine countries and spent four years running three profitable IT/Retail businesses before joining McKinsey.

He graduated from the University of Oxford with D.Phil. (Ph.D) in Management Studies and MSc in Management Research with Distinction. His recent publication includes STARTUP (Co-authored, NewsPicks Publishing, 2020), The Element of Strategic Management (Toyo Keizai, 2018), and The Japanese Business in Evolution (Co-authored, Routledge, 2017).

Works in: Japan

Taejun Shin

Founder & CEO

Taejun cofounded Gojo in 2014 and has led the company's growth until today as the CEO. Before Gojo, Taejun worked as an investment professional at Morgan Stanley and Unison Capital. To deal with an enormous number of investment projects, Taejun studied programming and automated many financial models, some of which are used even today.

While working in the sector, Taejun founded Living in Peace, an NGO, in 2007 and created the first microfinance investment fund in Japan. Taejun has been involved in Japan's child foster care for more than a decade and co-established Japan Office for Standards on Children Services in 2021 to conduct third-party inspections on the local authority children services in Japan.

Taejun is the Young Global Leader of the World Economic Forum and is the youngest founding board member of Endeavor Japan. He is an author of 9 books, a finisher of the 1648 km ultra-marathon, and a Karate black-belt holder (he just recently started Brazilian Jiu-jitsu and owns a blue belt as of 2022). Taejun is fluent in Japanese, Korean, and English. He plays drums and loves shooting street photos of the world.

Works in: Japan