Credit Saison, Ogaki Kyoritsu and Nippon Care Supply took part in a Denso-led round that increased the automotive loan provider's overall funding to nearly $35m.

Automotive component manufacturer Denso has led a ¥1.7bn ($16m) series D round for Japan-based automotive finance provider Global Mobility Service (GMS).

The round also featured payment services firm Credit Saison, financial services firm Ogaki Kyoritsu Bank, living assistance product supplier Nippon Care Supply and asset manager Sumitomo Mitsui Trust Investment.

Founded in 2013, GMS offers financing to customers looking to buy a car, targeting those who are unable to access traditional sources of capital. It fits remote control systems to…

Edison Fu

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