The CyberAgent and Mercari-backed e-commerce platform raised the money from backers including the strategic investment units of SBI Holdings and SMBC.

Japan-based e-commerce marketplace provider Base has received ¥1.5bn ($14.3m) in a funding round backed by financial services firms SBI Holdings and Sumitomo Mitsui Financial Group, The Bridge reported on Sunday.

The banks, which particiapted through subsidaries SBI Investment and SMBC Venture Capital respectively, were joined by venture capital firm Suneight Investment.

Founded in 2012, Base enables businesses to easily set up their own online store free-of-charge. Sellers can customise the look of their shop either through templates or by uploading…