HiJoJo Partners Inc (Tokyo, CEO: Spyridon Mentzas), which invests in unlisted shares of next generation companies, has completed distribution of its first fund on August 31st in Social Finance, Inc. (“SoFi”), one of the leading US FinTech startups. Investor demand was strong against the minimum launch amount of 500 million yen in the two-week subscription period with 1.3 billion yen gathered. The unique opportunity had Japanese investors and institutions bidding for the full amount.
Founded in the US in 2011, SoFi is a provider of social financial solutions intended to provide lending and wealth management. The company’s services include online banking, personal, mortgage and student loans, as well as refinancing, wealth management and life insurance, enabling members to receive a lower interest rate based on their unique criteria that includes: career experience, monthly income, financial history and education. As a unicorn company and one of the world’s top FinTech companies, SoFi is valued at 4.4 billion usd or roughly 500 billion yen.
HiJoJo Partners specializes in identifying attractive investment opportunities in middle-to-late stage pre-IPO companies globally. Backed by pioneering achievements in domestic and foreign stock markets and its strong network of entrepreneurs and investors, HiJoJo is uniquely positioned to challenge the existing investment landscape in Japan and offer liquidity provisions for both supply and demand.