Notice of the Establishment of Blue Topaz Inc.
We are pleased to announce that Topaz Capital, Inc. (Head Office: Minato-ku, Tokyo, President and CEO: Ken Niimura, hereinafter referred to as “the Company”) has established Blue Topaz Inc. (Head Office: Minato-ku, Tokyo, President and CEO: Tomoko Kawahara, hereinafter referred to as “Blue Topaz”) as a joint venture with Credit Engine, Inc. (Head Office: Minato-ku, Tokyo, Representative Director: Seiichiro Uchiyama, hereinafter referred to as “Credit Engine”) to engage in a new lending service. Additionally, Blue Topaz completed its registration as a money lender with the Governor of Tokyo on August 29, 2019, and has commenced operations.
1. Purpose of Establishing the Joint Venture
Since 2014, through the operation of private debt funds, our company has built a track record of providing funds to medium- and small-sized enterprises in Japan within unique segments requiring flexible screening, supplying funds in situations that are typically difficult for regular financial institutions to accommodate. On the other hand, Credit Engine has provided funds primarily through relatively small loans—where traditional manual lending would not be cost-effective—by utilizing its proprietary online lending mechanism (Credit Engine Platform).
The establishment of this joint venture aims to provide a new lending service that targets loan sizes and customer business scales that neither company could previously address alone, by combining the strengths of both companies—namely, “technology” and “expertise”. For the Topaz Group, expanding into new business areas leveraging the know-how and experience cultivated thus far, in addition to our conventional private debt fund business, is intended to further enhance the corporate value of the group.
2. Initiatives at the Joint Venture
At Blue Topaz, established through the collaboration of both companies, we will base our individual case screening on our company’s lending know-how through dialogue with customers. While spending sufficient time on individual cases, we will fully utilize the efficiency, data collection, and analytical capabilities of the Credit Engine Platform to provide funding to companies requiring larger amounts of capital, which could not be covered by conventional non-face-to-face online lending. Specifically, we will provide funding in areas that are difficult for regular financial institutions to accommodate, such as growth capital loans for venture companies and cash flow support for small and medium-sized business operators utilizing liquid assets like accounts receivable and inventory. The loan amount is expected to range from 10 million JPY to a maximum of 200 million JPY per case.
3. Overview of Blue Topaz
Name: Blue Topaz Inc.
Date of Establishment: April 11, 2019
Location: 3-8-25 Toranomon, Minato-ku, Tokyo
Board Composition:
President and CEO: Tomoko Kawahara
Director: Kiyoto Matsuda (Chairman of the Board of our company)
Director: Seiichiro Uchiyama (Representative Director of Credit Engine)
Capital, etc.: 50,000,000 JPY
Business Description: Money lending business
URL: https://bluetopaz.jp/
– About Credit Engine
Name: Credit Engine, Inc.
Date of Establishment: November 1, 2018
Location: 7-3-24 Roppongi, Minato-ku, Tokyo
Capital, etc.: 157,630 JPY
Business Description: Development of an online lending platform
URL: http://creditengine.jp/
– Inquiries
Topaz Capital, Inc.
Person in Charge: Yamada
Phone Number: 03-5425-9860
Email: info@topazcap.jp
Notice of Establishment of Blue Topaz Inc.pdf