Who led the AND Global Series B investment round?

The Series B round was led by the International Finance Corporation (IFC), a member of The World Bank Group, alongside AEON Financial Service. The involvement of the IFC signals strong institutional confidence in AND Global's business model and growth trajectory.

What role did Third Hemisphere play in the AND Global Series B announcement?

Third Hemisphere, a PR and communications agency based in Sydney, Australia, supported the AND Global Series B funding announcement as part of its fintech PR work. The agency helps fintech clients communicate major milestones, funding rounds, and strategic developments to media and key stakeholders.

Why is securing IFC backing significant for a fintech company?

The International Finance Corporation is a member of The World Bank Group, making its investment a significant endorsement of a fintech's potential for positive global economic impact. IFC backing often signals that a company's growth strategy aligns with broader goals around financial inclusion and emerging market development.

What is fintech PR and why is it important for funding announcements?

Fintech PR is the practice of managing communications and media relations for financial technology companies, helping them build credibility, attract investors, and reach target audiences. For funding announcements like a Series B round, effective PR ensures the news reaches relevant journalists, partners, and stakeholders in a clear and compelling way.

How does Third Hemisphere support fintech companies with Series B announcements?

Third Hemisphere is a Sydney-based PR and communications agency with experience helping fintech companies navigate high-stakes announcements such as Series B funding rounds. The agency crafts strategic messaging, coordinates media outreach, and ensures clients communicate their milestones with authority and clarity across relevant channels.

Global Fintech AND Global Secures $21.4M in Series B Funding

Q: What is AND Global and how much did it raise in its Series B funding round?

AND Global is a global fintech company that raised $21.4 million USD in a Series B funding round. The round was led by the International Finance Corporation (IFC), a member of The World Bank Group, and AEON Financial Service, with additional participation from Marubeni Corporation, a Japanese trading conglomerate.

Global fintech AND Global secures $21.4m Series B

Global fintech AND Global has raised $21.4 million USD in a Series B funding round led by the International Finance Corporation (IFC), a member of The World Bank Group, and AEON Financial Service.

Other investors included: Marubeni Corporation, a Japanese trading conglomerate with a growing footprint in digital finance, SBI Holdings, a internet-based financial conglomerate headquartered in Tokyo; and Premium Group, a Japanese auto mobility financing and services company.

The investment is to support further development of AND Global’s services, such as digital lending and other fintech solutions.

The aim is to improve financing access for small businesses, as well as the unbanked and underbanked across Asia.

With the successful completion of its Series B, AND Global now becomes the first Mongolian company to secure Series B funding. It plans to use the funds to boost its mission to bridge the financial inclusion gap in Southeast Asia.

AND Global started in Mongolia as a small fintech with the idea of bringing digital lending to underserved communities. It has now grown into a regional solution provider helping financial institutions across Asia go digital faster and smarter.

The investment comes as part of IFC’s global commitment to digital transformation and financial inclusion. With this support, AND Global aims to scale AI-powered fintech and expand its products, allowing them to better serve financial institutions and improve financial access to Asian communities.

According to research by the World Bank, 1.4 billion adults worldwide still lack access to financial accounts. The GSMA estimates that 345 million of the 400 million micro-enterprises in emerging markets are informal. AND Global’s investment will power the company’s next chapter to expand its AI-driven solutions across Southeast Asia, launching new tools catered towards financial institutions serving MSMEs.

AND Global CEO Khos-Erdene Baatarkhuu said: “Our journey from Mongolia to the rest of Asia has been nothing short of incredible. This milestone reflects our team’s hard work and passion to make finance more inclusive. With IFC and AEON by our side, we’re more ready than ever to scale our impact.”

Matthieu Le Blan, IFC’s Resident Representative for Mongolia, added: “Mongolia, as the most sparsely populated country, can greatly benefit from digital solutions to expand access to finance and services. By promoting tech entrepreneurship and the digitalization of key services, IFC supports job creation, particularly among women and youth. Our partnership with AND Global is an important part of these efforts.”

AND Global is also one of the first Mongolian AI partners of Microsoft and has offices in Singapore, the Philippines, Thailand and Mongolia.

It was founded in 2017 and sets in stall out as a leading fintech company that has created multiple cutting-edge companies that are laser-focused on innovation. Its goal is to promote financial inclusion and promote technological capabilities across Southeast Asia.

AND Global provides innovative solutions for financial institutions that are struggling with both efficiency and time. The company has 13 subsidiaries and employs 250 people across offices in Mongolia, Japan, Singapore, the Philippines and Thailand. It operates in 11 countries.