Toranotec Co., Ltd. announced that it has received ¥2.9 billion in funding from Seven Bank, Ltd., JIC Venture Growth Investments Co., Ltd., Aslead Capital Pte. Ltd., AG Capital Co., Ltd., SBI Investment Co., Ltd.
August 29, 2021
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Toranotec Co., Ltd. announced that it has received ¥2900,000,000 in a round of funding led by returning investor JIC Venture Growth Fund 1, a fund managed by JIC Venture Growth Investments Co., Ltd. on August 30, 2021. The transaction included participation from returning investor Seven Bank, Ltd. and Aslead Capital Pte. Ltd., AG Capital Co., Ltd. and Sumisei Innovation Fund, a fund managed by SBI Investment Co., Ltd.
Seven Bank Ltd is engaged in the provision of financial services such as automatic teller machine (ATM) service, Internet banking service, and loan service. The Company operates its business through two business segments. Domestic Business segment is involved in the ATM platform business that installs ATMs at stores such as Seven-Eleven and Ito-Yokado, as well as at airports, stations, financial institution stores. The Segment also provides settlement account services including ordinary deposits, time deposits, loan services, overseas money transfer services, debit services, as well as the contract work from other financial institutions. The Overseas Business segment provides ATM services mainly in the United States and Indonesia. The Company also conducts investment advisory business.
Toranotec Co., Ltd. announced that it has received ¥2.9 billion in funding from Seven Bank, Ltd., JIC Venture Growth Investments Co., Ltd., Aslead Capital Pte. Ltd., AG Capital Co., Ltd., SBI Investment Co., Ltd.