Japanese trading company
The Japanese and Singaporean companies concluded a third-party share allotment deal Monday. AND Global said it has secured strategic equity investment worth
AND Global, established in 2017, has a fintech research and development unit in Ulaanbaatar and operates mobile lending and e-wallet businesses in
The number of users of its mobile lending service is more than 175,000 while the e-wallet service has more than 430,000 users in the country, according to the Singaporean firm.
The Japanese company said it plans to continue supporting AND Global's global expansion after the investment, including dispatching human resources to the firm.
The
AND Global's corporate fintech solution service will be offered to banks and other entities regardless of country or region, she said. (NNA/Kyodo)
==Kyodo
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