TOKYO -- Hakki Africa, the Tokyo-based microfinancing startup that extends auto loans in Kenya, has raised 1.97 billion yen ($12.7 million) in a recent funding round to expand operations to India and South Africa.
Investors including SMBC Venture Capital and Global Brain bought 800 million yen worth of new shares through a private placement. The remaining 1.17 billion yen came from financing by Sumitomo Mitsui Banking, Hokkoku Bank and others.
