WealthPark bags $8.5m in funding to support its operational growth

October 8, 2020

Japan-based FinTech WealthPark has bagged JPY 907m ($8.5m) in a funding round, which will help it strengthen its operation capabilities.

Investors of the round include SBI Investment, Mizuho Capital Co., Aozora Bank, Japan Finance Corporation and a number of unnamed domestic and foreign investors.

With the fresh equity, the company will increase the size of its engineering team, bolster its corporate operation capabilities and improve business foundations.

WealthPark is an asset management platform aimed at real estate management companies. The mobile platform offers a communication tool for real estate companies and investors. Its technology also supports a dashboard for asset financials and the ability to generate a financial report through a single click.

As of the end of July 2020, over 70 companies and 13,000 real estate investors are using the WealthPark platform, it claims.

This investment comes a year after WealthPark netted $5m in a Series A round.

WealthPark CEO Ryuta Kawada said, â€œDigitalizing illiquid assets such as real estate is an arduous and time-consuming task. However, WealthPark will follow our vision of â€œhelping investors achieve maximum returnsâ€ and continuously work hard on expanding our products, services, and customer communication.â€

Earlier in the month, Japan-based hey closed a Series E round, which was supported by Bain Capital Tech Opportunities, PayPal Ventures, Goldman Sachs, YJ Capital, Anatole and World Innovation Lab. The company helps to create online stores and help physical businesses collected cashless payments.