Impact debt to SATYA, a leading Indian microfinance institution of Gojo group
GMO Payment Gateway, Inc., of the GMO Internet Group, which develops comprehensive payment-related services and financial services, has funded impact debt to SATYA MicroCapital Limited（Managing Director, CEO ＆ CIO: Mr. Vivek Tiwari, hereinafter “SATYA”), a microfinance institution in India, the India group company of Gojo & Company, Inc. (Founder and CEO: Taejun Shin, hereinafter “Gojo”), through GMO-Z.Com Payment Gateway India Credit Fund managed by GMO-PG’s India subsidiary, GMO-Z.COM PAYMENT GATEWAY INDIA PRIVATE LIMITED.
GMO-PG will continue to promote investment for financial inclusion FinTech companies to contribute to the prog
ress and development of society
GMO-PG is committed to SDGs by offering payment related services that support online, cashless, paperless, DX, etc., processing EC payment using de facto renewable energy (Scheduled to start in 2021), driving social innovation in payment and financial technology, and investing in financial inclusion fintech companies based on the management principle to seeking both material and spiritual wealth by contributing to the progress and development of society.
While SATYA, an India MFI group company of Gojo, provides microfinance services to retail borrowers in rural segment with a mission to bring financial inclusion to all. It provides microfinance services to women for entrepreneurial activities, who do not have access to financial services, to help them become economically independent. Using the power of technology such as smartphone apps, the company is connecting with them for improved and faster processing and providing the financial inclusion and other services for social and economic upliftment to lift millions of people out of poverty.
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GMO-PG supports the activities of Gojo and SATYA, and with the desire to help solve the world’s poverty problem, GMO-PG made the decision to fund SATYA through Non-Convertible Debentures (NCDs) worth Rs. 300 million through GMO-Z.Com Payment Gateway India Credit Fund, a fund managed by GMO-PG’s India subsidiary, GMO-Z.COM PAYMENT GATEWAY INDIA PRIVATE LIMITED which was established in 2019.
In addition, GMO Global Fintech Fund, a VC fund of GMO Internet Group, has invested in Gojo as well in 2020.
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