Ard Credit entered into a financing agreement with Crowd Credit of Japan for USD5 million in local currency. Ard Credit will mobilize these funds for expansion of its operations nationwide through its new banking app.
Crowd Credit provides debt capital to peer-to-peer lending platforms, balance sheet lenders, microfinance institutions, leasing/factoring originators or infrastructure, renewable, development projects through its crowdfunding platform based in Japan.
Ard Credit is a publicly listed non-bank finance company licensed by the Financial Regulatory Committee of Mongolia. It is a flagship of Ard Financial Group – a full-service financial holding company. Ard Credit was set up in April 2011 with the goal of providing access to inclusive financial services to Mongolians by leveraging the potential of innovative technologies.
Both organisations will be represented during MFC Annual Conference 2019 in Istanbul starting next days. Meet Ard Credit and Crowd Credit at the Speed Networking Session and Social Investors and Technology Fair!