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.
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
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