Exchange Corporation, social lending service, AQUSH, operator announced that it accepted an investment from Silicon Valley based VC fund, 500Startups.
Borrowers and lenders on AQUSH can trade without other financial institutions, which allows borrowers to borrow with appropriate interest rate for their credit risk and renders to decide rate of return based on their acceptable risk. Since its launch on December 2009, the total amount of loan application surpasses 1.16 billion yen.
Dream News 11/4/2010
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