Japanese fintech startup Folio raises $16m Series A from Jafco, Mitsui

Japanese fintech startup Folio raises $16m Series A from Jafco, Mitsui

Tokyo-based fintech startup Folio recently announced that it has received a fresh $16 million series A from JAFCO, Monex Ventures, Mitsui Sumitomo Insurance Venture Capital, and Rakuten Fintech Fund. Existing backers DCM Ventures and Draper Nexus also participated in the round, the company said in a press statement.

The investment follows a $2.7 million seed round back in March 2016, making the total money raised to 2.1 billion yen ($18.7 million).

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