Bankers Co. Faces Investor Losses After Zentoshin Bankruptcy in Japan
Osaka-based payments firm Zentoshin collapsed, leaving 63 creditors with claims totaling $709 million. Among them, Bankers Co., a Tokyo-based loan crowdfunding platform, is owed about ¥2.1 billion. The platform managed funds that lent to Zentoshin, and warns that individual investors could face losses if recoveries are insufficient. Regulators are reviewing lender due diligence.