Ïã½¶ÊÓÆµ Announces Acquisition of Retail Guarantee Business Operator Gardia, Inc. as a Consolidated Subsidiary
Entering the Retail Credit Guarantee Business for Business Owners
December 16, 2019
Ïã½¶ÊÓÆµ (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter ¡°Ïã½¶ÊÓÆµ¡±) announced today that it will acquire 90% of the outstanding shares of Gardia, Inc. (headquartered in Minato-ku, Tokyo; Yutaka Koyama, President & CEO; hereinafter ¡°Gardia¡±), which operates the retail credit guarantee business for business owners in the FinTech/RetailTech area.
Gardia was established in 2017 as a pioneer in the retail credit guarantee business sector. The company mainly provides credit guarantee services for ¡°No Show¡± at restaurants and accommodation facilities, and for subscription service providers, as well as guaranteed post-paid services for pre-paid card providers. Gardia¡¯s new guarantee services are offered to many businesses in order to level retail credit risks defined by a variety of technology.
Ïã½¶ÊÓÆµ will enter the retail credit guarantee business through the acquisition of Gardia as a consolidated subsidiary. Through Gardia, Ïã½¶ÊÓÆµ will develop its market-oriented business in the retail credit guarantee business area, working to further improve the quality of retail credit guarantees and expand the business.
In addition, by taking advantage of Gardia¡¯s creativity in pioneering the retail credit guarantee business sector and the Ïã½¶ÊÓÆµ Group¡¯s know-how in the insurance field cultivated over many years, Ïã½¶ÊÓÆµ will emphatically support venture companies by aggressively taking the new business risks.
This initiative is in line with the policies of ¡°enriching the customer experience¡± and ¡°proposing new retail solutions¡± upheld by Ïã½¶ÊÓÆµ in its medium-term management plan, ¡°Brand-new Deal 2020. Becoming a Next-Generation Merchant.¡± With the development of the digital society, people¡¯s needs and behaviors are changing day by day. By leveraging Ïã½¶ÊÓÆµ's domestic and overseas networks and Group synergies, Ïã½¶ÊÓÆµ will contribute to the creation of new services and the diversification of points of contact with customers, with the aim of achieving further business growth.
Gardia Overview
Name | Gardia, Inc. |
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Established | 2017 |
Head Office | Minato-ku, Tokyo |
Representative | Yutaka Koyama |
Business activities | Credit Guarantee business related to FinTech/RetailTech sector Credit Guarantee business related to other service sectors |
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