Mongolian fintech company AND Global has secured $21.4 million in a Series B funding round led by the International Finance Corporation (IFC) and Japanese financial group AEON Financial Service.
The investment round also drew participation from Marubeni Corporation, SBI Holdings, and Tokyo's Premium Group, and builds on the company's $15.3 million Series A in 2021.
Founded in 2015 and led by CEO Khos-Erdene Baatarkhuu, AND Global provides a range of financial services solutions for businesses through its proprietary Fintech-as-a-Service software, including digital lending solutions as well as custom credit scoring tools and document processing services.
The funding announcement comes shortly after AND Global's subsidiary LendMN secured $20 million in debt financing from London-based investment platform Lendable in April. LendMN, launched in 2017 as Mongolia's first digital lending fintech, now serves over 1.3 million registered users.
"Mongolia, as the most sparsely populated country, can greatly benefit from digital solutions to expand access to finance and services," states Matthieu Le Blan, IFC’s resident representative for Mongolia.
According to AND Global, the fresh capital will support the expansion of its AI-powered fintech solutions and will enable the company to broaden its product portfolio.
AND Global currently operates in 11 countries and employs 250 people across offices in Mongolia, Singapore, Japan, the Philippines, and Thailand. 
About the Author
Cameron Emanuel-Burns is a reporter at FinTech Futures and is dedicated to enhancing the accessibility of fintech for a broader audience.

Published Date:2025-08-19