"Cloud factoring" OLTA raises 200 million yen from Japan Post Capital

On the 27th, OLTA, which provides an online complete factoring (bill purchase) service “Cloud Factoring”, announced that it has raised 200 million yen from Japan Post Capital. Including the funding of 2.5 billion yen announced in June this year (including 700 million yen of debt, etc.) and the funding from Nobuhiro Ariyasu, JAFCO, and BEENEXT announced in April 2017 (total of 500 million yen) , The cumulative total procurement amount reached 3.2 billion yen.

OLTA will consider business alliances with postal group companies after receiving this investment from Japan Post Capital.

OLTA's cloud factoring responds to short-term working capital needs by purchasing invoices held by companies. By developing an AI (scoring model) based on the data of about 200,000 companies, it is characterized by streamlining the hassle of interviews and document submissions that were previously required.

By submitting online the identity verification of the corporate representative, the invoice to be sold, the deposit and withdrawal details of all accounts for the last 7 months, and the last year's financial statements, we will notify you of the examination and purchase assessment results by e-mail within 24 hours. . Once the contract is completed, the purchase amount will be transferred to the designated account as soon as possible. A commission of 2% to 9% is required at the time of purchase.

via PR TIMES

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