will relocate to each operating company's site.
31 Mar 2020
GMO Epsilon, Inc.
GMO Epsilon, Inc. (President & Chief Executive Officer: Kazunari Taguchi hereinafter referred to as "GMO-EP"), a consolidated company of GMO Payment Gateway, Inc. in the GMO Internet Group, has announced that it will provide NETSEA Lending to supplier businesses that use the BtoB wholesale mall "NETSEA" operated by SynaBiz Co., Ltd. (Representative Director: Shuichi Takenaga, hereinafter referred to as "SynaBiz"). supported by GMO Epsilon" is available today, Tuesday, March 31, 2020.
GMO-EP will continue to collaborate with businesses that operate platforms and shopping carts to provide financing services to users of each service by providing GMO-EP under its brand name.
【Background and Summary】
In BtoB transactions, there are many transactions by accounts receivable, and the demand for funds of SME and sole proprietors in the growth period is wide-ranging, such as stable operation and expansion of the business, and sudden purchasing costs. SynaBiz, which operates the BtoB wholesale mall NETSEA, was considering a financing service as one of the ways to support the growth of many BtoB businesses, including suppliers who use NETSEA.
On the other hand, since March 2015, GMO-EP has been providing GMO Epsilon transaction lending, which makes credit decisions based on daily transaction data (transaction data) to e-commerce businesses (merchants) using the Epsilon payment Service, and has accumulated know-how in credit decisions over the past five years. Utilizing this know-how, we are also focusing on the development of lending services that utilize various data such as invoice ・ accounting data and nursing care management data.
Therefore, GMO-EP and SynaBiz have partnered to provide financing services to suppliers who are users of NETSEA, which is operated by SynaBiz. Starting today, we will launch NETSEA Lending supported by GMO Epsilon, a financing service provided by GMO-EP that leverages the NETSEA brand name.
GMO-EP will continue to collaborate with businesses that operate platforms and shopping carts to develop financing services provided by GMO-EP to users of each service using its brand name.
[About "NETSEA Lending supported by GMO Epsilon"]
"NETSEA Lending supported by GMO Epsilon" is a financing service provided by GMO-EP to suppliers using SynaBiz's BtoB wholesale mall "NETSEA". GMO-EP will provide credit check and financing in accordance with the Money Lending Business Act using the Actual of the supplier's use of NETSEA, such as the number of years of use and sales. Suppliers using NETSEA can quickly obtain financing in as little as 2 business days (5 business days for the first time) from the time of application, without having to prepare financial statements, collateral, or guarantors.
■Flow from Application to Loan Execution
- (1) Suppliers using "NETSEA" who wish to obtain financing should access the "NETSEA Lending supported by GMO Epsilon" website from the e-mail newsletter from SynaBiz or the GMO-EP website, enter the desired loan amount and contact information, etc., and request SynaBiz to link data to GMO-EP. We will request GMO-EP for review.
- (2) GMO-EP implemented credit check based on the Actual of using "NETSEA" linked by SynaBiz. The loan amount and interest rate will be calculated, and the results of the examination will be notified by e-mail and the dedicated management screen of the loan service issued by GMO-EP.
- (3) Supplier businesses using "NETSEA" can check the detailed results, including the terms and conditions, from the management screen dedicated to the loan service, and if they agree, they can proceed to contract from the management screen dedicated to the loan service. In that case, there is no need for financial statements or collateral.
- (4) GMO-EP will execute the loan in as little as 2 business days from the date of application (5 business days for the first time).
■ "NETSEA Lending supported by GMO Epsilon" loan conditions
| Loan Targets | Suppliers using "NETSEA" |
|---|---|
| Loan Amount | Corporate: 300,000 yen to 3 million yen, sole proprietorship: 150,000 yen to 3 million yen |
| Lending Interest Rate | 3.5%~13.5%(Real annual rate) |
| Repayment period and number of repayments | 6 months, 6 repayments |
| Payment Type | Even Total Payment (Principal and Interest) |
| Collateral/Guarantor | Not required |
| Late Fee | 20.0% (real annual rate) |
【About GMO Epsilon, Inc.】
GMO-EP is a payment processing services service provider with no initial costs or transaction processing fees (*). As of the end of December 2019, it is used by 32,710 e-commerce businesses. Just by contract GMO-EP, you can use various payment method and delivery services such as Credit card payment, CVS Payment, E-wallet, smartphone carrier payment, etc. at once, without the need to build a system for each payment company. Since the product price collected from the buyer and the freight settlement for delivery are also carried out in one go, it is possible to save a lot of time and cost. In addition, in order to support the smooth cash flow of e-commerce businesses, we also provide finance-related services such as lending and Remittance Service. TSE As a member of the GMO Internet Group, which is a partially listed company, we have been granted the Privacy Mark for the protection of personal information, and our system security standards are PCI DSS and ISMS, making it an environment that our customers can use with peace of mind.
Transaction processing fees are charges for each communication with a credit card company, such as credit card authorization (obtaining an authorization number) and billing.[Press Inquiries]
GMO Payment Gateway, Inc.
Corporate Value Creation Strategy Division Public Relations/UX Design Department
- pr@gmo-pg.com
GMO Internet, Inc.
Group Communication Department, Public Relations Officer Ishii
- TEL
- +81-3-5456-2695
- pr@gmo.jp
【Inquiries about loan services】
GMO Epsilon, Inc.
Customer Support Groups
- TEL
- 03-3464-6211
- finance-support@epsilon.jp
【GMO Epsilon, Inc.】(URL: https://www.epsilon.jp/)
| Corporate Name | GMO Epsilon, Inc. |
|---|---|
| Location | Tokyo Shibuya-ku Dogenzaka 1-chome 14-6 Humax Shibuya Building |
| Representative | President & Chief Executive Officer Kazunari Taguchi |
| Business Description | ■ Online sales payment processing company, payment collection agency and operations incidental to them |
| Capital | 103,000,000 yen |
Money Lending Business Registration number: Governor of Tokyo (2) No. 31557
[GMO Payment Gateway, Inc.] (URL: https://www.gmo-pg.com/)
| Corporate Name | GMO Payment Gateway, Inc. (TSE First Section Securities Code: 3769) |
|---|---|
| Location | 1-2-3 Dogenzaka, Shibuya-ku, Tokyo Shibuya Fukurasu |
| Representative | President & Chief Executive Officer Issei Ainoura |
| Business Description | ■ Comprehensive payment related services and finance related services |
| Capital | 4,712 million yen |
[GMO Internet, Inc.] (URL: https://www.gmo.jp/)
| Corporate Name | GMO Internet, Inc. (TSE First Section Securities Code: 9449) |
|---|---|
| Location | Cerulean Tower 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo |
| Representative | President and Group Representative Chairman ＆ Chief Executive Officer Masatoshi Kumagai |
| Business Description | ■ Internet infrastructure business ■ Internet advertising / media business ■ Internet finance business ■ Cryptocurrency business |
| Capital | 5 billion yen |