Lecto, a Japanese fintech company, raised over 1.3 billion yen in its Series A funding round, led by significant investors like SMBC Venture Capital and Resona Capital, to support its digital transformation efforts in credit management operations. The Lecto Platform, which digitalizes debt management and collection processes, has gained significant traction since its 2021 launch, with cumulative receivables exceeding 47 billion yen and adoption across diverse industries, including financial services and real estate. The funds will double the company’s workforce by 2025, enhance its sales and engineering teams, and strengthen marketing to expand platform adoption in sectors still reliant on analog processes.
Lecto Raises Funds from Four Megabank VCs, Bringing Total Funding to Over 1.3 Billion Yen
