Ïã½¶ÊÓÆµ Announces Strategic Partnership with Crowdport, Inc. Which Operates ¡°Funds,¡± a peer-to-peer (P2P) lending platform
August 30, 2019
Ïã½¶ÊÓÆµ (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter ¡°Ïã½¶ÊÓÆµ¡±) announced today that Ïã½¶ÊÓÆµ has invested in and become a strategic business partner with Crowdport, Inc. (headquartered in Shibuya-ku, Tokyo; Yuichiro Fujita, President & Representative Director; hereinafter ¡°Crowdport¡±). Crowdport operates ¡°Funds,¡± a P2P lending platform, connecting individual investors who wish to manage their assets with companies that wish to borrow operating funds.
With the arrival of the era of the 100-year life, there have been growing individual needs for asset management. The ratio of risk-weighted investment portfolios such as equity investment trusts to individual financial assets worth some 1,800 trillion yen has risen to around 20%, and the asset management market is expected to expand further going forward. Of the total, the annual issuance of domestic companies¡¯ corporate bonds for individual investors remains at approximately 1.5 trillion yen*1. The corporate bond ratio in the funding method remains low compared to overseas, and the expansion potential is expected to increase in the future.
¡°Funds¡± is a platform that connects individual investors (lenders) who wish to manage their assets online to companies that want to borrow operating funds (borrowers). Lenders are able to invest in small-lot middle risk/middle return-type financial products similar to corporate bonds through ¡°Funds¡± amid insufficient opportunities for investing in corporate bonds. ¡°Funds¡± commenced its service in January 2019, and the number of individual investors registered has been growing rapidly. Against the background of the needs for asset management, ¡°Funds¡± enables online fund-raising on an unprecedented scale and provides companies with a new means of funding.
Ïã½¶ÊÓÆµ has signed an agreement on customer referrals with the aim of jointly developing business and has become Crowdport¡¯s first strategic business partner. Going forward, Ïã½¶ÊÓÆµ will support the enhancement of individual investors, and at the same time it will refer Crowdport¡¯s services to companies that are in demand for funding by making use of the network of the Ïã½¶ÊÓÆµ Group. In addition, Ïã½¶ÊÓÆµ will consider joint structuring and sales of a variety of financial products with Crowdport by using the expertise in the financial business that Ïã½¶ÊÓÆµ has accumulated to date and pursue the contribution to the vitalization of the asset management market.
Ïã½¶ÊÓÆµ includes ¡°Reinvented Business¡± in the medium-term management plan ¡°Brand-new Deal 2020¡± and is committed to the evolution of business models. With Pocket Card Co., Ltd., Ïã½¶ÊÓÆµ¡¯s consolidated subsidiary, at its core in the financial field as well, Ïã½¶ÊÓÆµ is aiming to expand its financial services and take on a new banking function through its collaborations with fintech/venture companies. Going forward, Ïã½¶ÊÓÆµ is determined to expand the financial business at Ïã½¶ÊÓÆµ further by combining the Ïã½¶ÊÓÆµ network, which has strength in the consumer-related sector, with banking functions and services.
- *1Source: Nomura Institute of Capital Markets Research
Outline of Crowdport
Company Name | Crowdport, Inc. |
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Established | November 2016 |
Headquarters | Kamon Building 5th Floor, 6-11, Shibuya 2-chome, Shibuya-ku, Tokyo |
Representative | Yuichiro Fujita |
Business | Operation of ¡°Funds,¡± a P2P lending platform |
URL |