Achieved large-scale funding that attracted attention both domestically and internationally with financial services utilizing AI
UPSIDER Co., Ltd. （ Representative Directors: Toru Miyagi, Tomoki Mizuno, Headquarters: Minato-ku, Tokyo ） has been highly praised for providing a unique credit model and user experience that utilizes AI technology, and has received 5.5 billion yen in equity in the Series D round. Procurement. Furthermore, completed raising a total of 15.4 billion yen, including cumulative debt funding of 9.9 billion yen since the beginning of 2024 . Co-lead investors include Global Brain and Tencent, as well as other major domestic and international investors. In addition, a secondary transaction of shares worth 1.7 billion yen was also carried out by existing shareholders.
Use of proceeds and future development
The funds raised will be invested in the further growth of existing businesses, as well as new business development and innovative projects that utilize AI technology. We also plan to strengthen our support for companies both domestically and overseas while deepening our collaboration with partner companies.
Funding overview
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Total procurement amount: 15.4 billion yen
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Equity （ capital increase through third-party allocation ） : 5.5 billion yen
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Debt procurement （ cumulative since the beginning of 2024 ） : 9.9 billion yen
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List of investors （ titles omitted ）
New underwriter
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tencent
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Japan Airlines
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SuMi TRUST Innovation Fund
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Hokuriku Region Venture Investment Limited Partnership （ QR Investment, Carbon Ventures ）
Additional investment by existing shareholders
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global brain
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Mizuho Capital
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Mitsubishi UFJ Capital
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AG Capital
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ANRI
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DNX Ventures
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SMBC Venture Capital
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WiL
UPSIDER's growth and main business
Corporate card 「 UPSIDER 」 and bill card payment service 「 Payment.com 」
「 UPSIDER 」 was released in 2020 and has received high praise in the corporate card market. Next, in 2022, we will introduce 「 Payment.com, 」 which will significantly streamline corporate invoice processing operations. As of September 2024, the number of companies implementing both businesses has reached 60,000.
Main growth results
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「 UPSIDER 」 payment amount : 19 billion yen → 450 billion yen （ 23.7 times ）
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「 Payment.com 」 cumulative payment amount : Over 70 billion yen （ as of August 2024 ）
AI chat-type work efficiency tool 「 UPSIDER Coworker 」
「 UPSIDER Coworker 」 , announced in June 2023, provides an automatic linking function between receipts and payments using AI. Currently, we have processed over 1.6 million receipts, reducing the operational burden of many companies.
Growth debt fund 「 UPSIDER BLUE DREAM Fund 」
This fund, announced in 2023, will provide approximately 8 billion yen in loans. We are seeing concrete results, such as the listing of the stock of our first loan recipient.
Creation of new business through collaboration with partner companies
UPSIDER develops new businesses that meet market needs through collaboration with partner companies. Below are some representative examples.
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Life Card × UPSIDER : 「 UPSIDER 」 Corporate Card （ 2020 ）
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Credit Saison × UPSIDER : 「 Payment.com 」 （ 2022 ）
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Mizuho Financial Group x UPSIDER : 「 UPSIDER BLUE DREAM Fund 」 （ 2023 ）
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PoliPoli × UPSIDER : 「 Municipal co-creation fund 」 （ 2024 ）
Strengthening the management base
From 2023 onwards, we have strengthened our management structure by welcoming new members with extensive experience both domestically and internationally.
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CFO Yuhei Hara （ Former Managing Director of Goldman Sachs ）
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VP of Growth Yosuke Yoneda （ former executive officer of Rakuten Group, former president of Rakuten Eagles ）
This has enabled us to improve our presence in the capital markets and achieve sustainable business growth.
Future outlook
UPSIDER will take advantage of this funding to focus on the following:
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Expansion of existing business
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Development of new business using AI
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Further strengthening cooperation with partner companies
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Expansion of bases in major cities nationwide （ Osaka branch is in advance ）
As the company expands, we are also planning to transition to a holding company structure.
Recruitment information
UPSIDER is actively recruiting human resources to support business growth. We are recruiting for a wide variety of positions, including engineering and marketing, and are also focusing on developing the next generation of management personnel.
Click here for recruitment information
UPSIDER Co., Ltd.
Established : May 2018
Representatives : Toru Miyagi, Tomonori Mizuno
Location : 7-15-7 Roppongi, Minato-ku, Tokyo
Official website : UPSIDER official website
■Press release source - UPSIDER Co., Ltd.
https://companydata.tsujigawa.com/company/6010001191856/
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