ITOCHU Announces Strategic Partnership with Crowdport, Inc. Which Operates “Funds,” a peer-to-peer (P2P) lending platform | Press Releases
Summary
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced today that ITOCHU has invested in and become a strategic business partner with Crowdport, Inc. (headquartered in Shibuya-ku, Tokyo; Yuichiro Fujita, President & Representative Director; hereinafter “Crowdport”). Of the total, the annual issuance of domestic companies’ corporate bonds for individual investors remains at approximately 1.5 trillion yen*1. The corporate bond ratio in the funding method remains low compared to overseas, and the expansion potential is expected to increase in the future. Against the background of the needs for asset management, “Funds” enables online fund-raising on an unprecedented scale and provides companies with a new means of funding. ITOCHU includes “Reinvented Business” in the medium-term management plan “Brand-new Deal 2020” and is committed to the evolution of business models.