Yoii, a Tokyo, Japan-based company providing a revenue-based financing (RBF) platform, raised $5.5M in Series A funding.
The round, which brought the total amount to $9.5M, was led by Emellience Partners, with participation from Itochu Technology Ventures, FFG Venture Business Partners, and five other existing investors.
The company intends to use the funds to expand operations and its business reach in Japan and across the Asian market..
Founded in April 2021 and led by CEO Masaharu Uno, Yoii provides a platform that allows companies to secure growth funds from future revenues, distinct from traditional equity or debt financing methods. The entire application process can be completed online, enabling users to avoid share dilution and the need for personal guarantees or collateral. Features include efficient and quick assessment, simple procedures requiring minimal financial data, and integration with external services for automatic financial data submission.
FinSMEs
10/12/2023