Finc, a Japan-based weight loss and dietary advice service backed by trading firm Itochu and internet company Gree, has raised an undisclosed amount in funding, Tech in Asia reported earlier today.
The equity capital was provided by assorted angel investors, and the company concurrently secured ¥650m ($5.3m) in loans from financial services providers Mizuho Bank and Japan Finance Corporation.
Finc enables users to lose weight by following a 60-day dietary programme sent to them through a smartphone app. It has also entered into a partnership with Wellness Frontier, the owner of fitness club chain Joyfit, to give its users access to the chain for two months.
Finc secured an undisclosed amount in a September 2014 series A round featuring Itochu Technology Ventures and Gree Ventures, the respective corporate venturing subsidiaries of Itochu and Gree, as well as business consultancy Link and Motivation and MID Venture Capital.