
Japan’s Crowd Bank Backs Zagga Business Lending
AUSTRALIAN FINTECH
Japanese crowdfunding platform Crowd Bank is venturing into the Australian small business lending market, tipping A$50 million into Zagga, a marketplace lender set up in 2016. Since its launch, Zagga has originated almost $400 million in loans across more than 100 transactions, the company said in a statement yesterday outlining the deal with Crowd Bank.