Capital and business alliance formed with FinTech venture Tranzax Inc.
The text of the Dentsu Inc. news release distributed on June 8 is as follows.
June 8, 2017
Capital and Business Alliance with FinTech Venture Tranzax Inc.
― Developing New Financial × Marketing Services Using Electronic Recorded Claims ―
Dentsu Inc. (Headquarters: Minato-ku, Tokyo; President and CEO: Toshihiro Yamamoto) has agreed to invest in and form a capital and business alliance with Tranzax Inc. (Headquarters: Minato-ku, Tokyo; President: Takashi Ogura), a venture company in the FinTech field that integrates finance and IT.
Tranzax, designated by the Financial Services Agency as an electronic claim record institution, provides transaction finance (funding for business orders) utilizing electronic recorded claims as a Japanese FinTech company. It aims to reduce financial costs across the entire supply chain and create new financial opportunities for SMEs and venture companies, which face stricter funding conditions compared to large corporations. This partnership originated when Tranzax joined "The FinTech Center of Tokyo, FINOLAB Inc." (hereinafter "FINOLAB Inc."; http://finolab.jp), which the Dentsu Group operates as the core of its R&D projects in the FinTech domain.
Dentsu Inc. and Tranzax will mutually leverage their respective customer bases and networks to provide consulting and proposals that contribute to corporate growth—from financing to developing new business partners—across both financial and marketing dimensions, serving an even broader range of client companies. Furthermore, by leveraging the network of regional financial institutions that Tranzax will build going forward, they will provide sales opportunities targeting potential customers with growth potential. Additionally, by offering a wide range of solutions leveraging both companies' strengths and developing new services utilizing electronic recorded claims, they aim to contribute to the growth of small and medium-sized enterprises (SMEs) and venture companies, and ultimately to the revitalization of the Japanese economy.
Moving forward, the Dentsu Group will continue to promote R&D and business development in the FinTech domain—the economic foundation of the Fourth Industrial Revolution—through open innovation with venture companies, centered on FINOLAB Inc.
Tranzax's company overview is as follows.
<Tranzax Company Overview>
Company Name: Tranzax Inc. (Formerly: Japan Electronic Recorded Monetary Claims Research Institute Inc.)
URL:http://www.tranzax.co.jp
Headquarters: 6F, Suzue & Suzue Building, 1-12-9 Toranomon, Minato-ku, Tokyo
Representative: Takashi Ogura, President and CEO
Established: July 7, 2009
Capital: ¥1,015,975,000 / Capital Reserve: ¥555,300,000
Business Description: Tranzax Corporation aims to support Japan's vitality from a financial perspective. To facilitate the shift from defensive, asset-centered finance to proactive transaction finance backed by corporate activities and commercial flows, we provide highly convenient and innovative services.
End
Dentsu Inc. News Release
http://www.dentsu.co.jp/news/release/2017/0608-009310.html
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