Labol Raises Approximately $320 Million to Enhance Financial Services for Freelancers in Japan
Labol Secures 32 Billion Yen Funding for Freelancers
Labol, a subsidiary of Ceres Inc. based in Shibuya, Tokyo, has successfully secured substantial funding amounting to approximately 32 billion yen. The financing comprises about 10 billion yen in equity investment and 22 billion yen in debt. WM Partners Co., Ltd. acted as the lead investor, with Mizuho Growth Support Fund No. 5 as the co-lead investor among a total of seven participating firms.
The funds raised will focus on realizing a challenger bank concept tailored for freelancers, supporting mergers and acquisitions (M&A), launching new businesses, and enhancing research and development in AI technologies. This investment signifies a strategic move to reinforce Labol's mission of providing equal financial opportunities to everyone, especially those working in non-traditional sectors.
Background of the Fundraising
Labol operates under the vision of offering equal monetary value to all people by providing innovative online financial services. Among its offerings are the AI-powered invoice factoring service
Topics Consumer Technology）
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