Marubeni and SBI have co-led a $15.3m round for the Mongolia-focused mobile credit app developer, investing alongside existing shareholder Techstars Ventures.

Singapore-headquartered credit scoring platform And Global closed a $15.3m series A round today co-led by diversified conglomerate Marubeni and financial services group SBI.

Returning investor Techstars Ventures filled out the round, which included a December 2020 first tranche backed by Marubeni and a recent $5m investment by SBI.

Founded in 2015, And Global has built an artificial intelligence-equipped financial mobile app which helps users access personal loans and various payment methods. Its lead product, LendMN, focuses on the Mongolian market…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.