TANAAKK secured US$20million in Series A extention debt round
![tanaakk square](https://www.tanaakk.com/wp-content/uploads/2024/01/tanaakk-square-1.png)
TANAAKK(Singapore-Japan) announced contract with several financial institutions. This unsecured term loan is so called “proper loan” in Japan that is only available for top 0.1% performing enterprise out of 3.67 million domestic companies. 5 institutions reviewed 3 year TANAAKK K.K. growth and earnings performance in 6 months process and successfully passed criteria of financial soundness : capital efficiency, operating margin excellence and revenue growth.
Round | Series A- Extention-debt |
Purpose | Global restructuring, Cayman, BVI, Singapore GAAS™ | Growth-as-a-Service™ product growth ASEAN companies acquisition |
Raised so far | US$4m by FY2023 |
Raised amount | Conditional loan commitment for US$20million in FY2024 Additional loan commitment for US$20million in FY2025 |
Institutions | Japan Finance Corporation (JFC) Sumitomo Mitsui Banking Corporation(SMBC) Hokuriku Bank The Johnan Shinkin Bank The Tokyo Shinkin Bank |
Loan type | Unsecured long term loan |
WACC | avarage 2.5% APR(Annual Percentage Rate) |
YoY ARR Growth | +142% |
3y CAGR ARR growth | +177% |