500 Startups Invests in Tokyo-based Peer-to-Peer Lender

Venture fund 500 Startups has put an undisclosed amount into Japanese peer-to-peer lending service Exchange Corporation. Tokyo-based Exchange Corporation, whose service AQUSH allows people to borrow money at lower rates than they would get from traditional banks, will use the funding to expand its business. Mountain View, Calif.-based 500 Startups is an early stage investor and incubator formed by Silicon Valley investor Dave McClure.

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