ITOCHU Announces Investment in Infcurion
November 29, 2021
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it has made an investment in Infcurion., Inc. (headquartered in Chiyoda-ku, Tokyo; Hiroki Maruyama, Representative Director & CEO; hereinafter "Infcurion"), a company that conducts a platform consulting business with a focus on the areas of finance and payment, through an exchange of shares.
ITOCHU formed a capital and strategic partnership, in June 2019, with NestEgg, Inc. (headquartered in Chuo-ku, Tokyo; Eihito Tamura, President & CEO, “NestEgg”), a subsidiary of Infcurion that operates finbee, an automatic saving service, and has been promoting the business collaboratively. Now, ITOUCH has decided to make a new investment in Infcurion through the exchange of shares between NestEgg and its parent company, Infcurion.
Infcurion engages in the consulting business, the payment solutions business and the BaaS (Banking as a Service) business in the areas of finance and payment under the basic "Financing and Technology" concept, thereby facilitating cashless transactions and corporate digital transformation in Japan from an array of perspectives Infcurion is growing as a leading Japan-based company involved in embedded finance (non-financial service providers' incorporation of financial services into their own services), a business area that has been drawing attention in recent years, starting in Europe and the United States.
In the retail finance field, with Pocket Card Co., Ltd., an operator of a credit card business playing a core role, ITOCHU has a broad business portfolio, including Money Communications Inc. that is engaged in a payroll prepayment business, and Gardia, Inc., which operates a guarantee business. Through this, ITOCHU provides services to meet a range of personal financing needs. ITOCHU will leverage this investment to strengthen collaboration among financing-based operations and facilitate the creation of new value in the area of finance.
Overview of Infcurion
|Corporate name||Infcurion, Inc.|
|Representative||Hiroki Maruyama, Representative Director & CEO|
|Established||May 1, 2006|
|Head office||MFPR Kojimachi Bld.7F, 5-7-2, Kojimachi, Chiyoda-ku, Tokyo|