LIFTI bank to Launch Factoring Service "LIFTI cash" to Enhance Funding Support for the Transportation Industry

Univearth Co., Ltd.

LIFTI bank Co., Ltd. (Headquarters: Fukushima-ku, Osaka; Representative Director: Takashi Inoue; hereinafter referred to as LIFTI bank), a group company of Univearth Co., Ltd. that supports revenue improvement in the transportation industry through data visualization and consulting, will launch its factoring service "LIFTI cash" on June 30. Furthermore, preferential fee rates for "LIFTI cash" will be offered to businesses utilizing services provided by the Univearth group. This will enable early funding at fees comparable to interest rates from financial institutions for those using the preferential plan.

Background

The transportation industry is characterized by a low profit margin structure, burdened by heavy fixed costs such as fuel, labor, and vehicle-related expenses. Many businesses lack sufficient working capital for daily operations, and it is difficult for them to obtain adequate credit lines from financial institutions, which prioritize financial stability, at the times they need it. Additionally, the transportation industry faces sudden, large expenditures for vehicle purchases or repairs, and tax payments. These costs are crucial for business continuity and cannot be postponed.

However, borrowing from financial institutions takes time for screening and execution, making it difficult to respond swiftly to urgent funding needs. Traditional loans have not adequately met the on-site demand from the transportation industry for immediate lump-sum funding.

LIFTI bank is offering its factoring service to respond quickly to these unique funding challenges in the transportation industry by leveraging owned accounts receivable. We aim to create an environment where businesses can secure necessary funds when needed, through a method different from borrowing, thereby supporting the stable management of the transportation industry. Furthermore, by setting low fee rates, as low as 5%, for businesses using services within the Univearth group, Univearth group will support the enhancement of all management resources including "people, goods, money, and information," and sustain their continuous business operations.

Overview

The Univearth group aims to revolutionize the logistics industry, which is hampered by outdated systems, by leveraging technology and ingenuity. We strive not only to transform the industry but also to improve the lives and working styles of those involved.

To strengthen our support through funding, we have launched a factoring business that utilizes order data.

Comments from Takashi Inoue, Representative Director of LIFTI bank

"We will respond promptly to the funding needs of the transportation industry by utilizing order data. We will also offer preferential plans based on usage records of Univearth group services. Customers will be able to use our services more conveniently and affordably based on that data.

We aim to assist transportation businesses in operating with peace of mind for the long term, and as the Univearth group, we will work to provide comprehensive support, from IT service implementation to funding."

About "LIFTI cash"

"LIFTI cash" is a factoring service that enables early funding, allowing businesses to convert their sales revenue into cash in as little as 3 days from application. Since applications can be made via email or mail without the need for in-person visits, it can be used by transportation businesses nationwide.

We will resolve the financial management challenges faced by businesses, such as sudden funding needs and cash flow improvement, through financial support, enabling the transportation industry to provide higher quality services.

URL: https://lifticash.com/

LIFTI bank Co., Ltd. Overview

Representative: Takashi Inoue, Representative Director

Location: Hanshin Fukushima Station Building 8F, 5-1-12 Fukushima, Fukushima-ku, Osaka

Business Activities: Management consulting services specialized for the transportation industry

URL: https://liftibank.com/

Univearth Co., Ltd. Overview

Representative: Rintaro Taniguchi, Representative Director

Location: THE VILLAGE OSAKA, 1-6-17 Honmachi, Chuo-ku, Osaka

Business Activities: Development and operation of the logistics DX platform "LIFTI," and provision of logistics services integrating actual transportation

URL: https://www.univearth.co.jp/

Inquiries Regarding This Matter

LIFTI bank Co., Ltd. Factoring Business Promotion Office

Contact: Nakamura, Nakanishi

factoring@liftibank.com