RFC Venture Debt Fund 1 provides ¥120 million loan to HAKKI GROUP Inc.

Fivot Inc. (Headquarters: Minato-ku, Tokyo; President and CEO: Shogo Abe; hereinafter "Fivot") has provided a ¥120 million loan to HAKKI GROUP Inc. (Headquarters: Minato-ku, Tokyo; President and CEO: Ryoji Kobayashi; hereinafter "HAKKI GROUP") through "RFC Venture Debt Fund 1 Investment Limited Partnership" (hereinafter "the Fund"), a venture debt fund jointly established with The Resona Bank, Limited.

*An interview case study of this loan is available on the official Flex Capital website.

URL: https://flex-capital.jp/case/hakki-group/

Overview of the Borrowing Company and Background of the Loan

HAKKI GROUP aims to achieve financial inclusion in emerging countries with its mission, "To increase people who increase possibilities." They provide financial solutions through unique credit scoring.

Globally, there are 1.8 billion people, primarily in emerging countries, with limited access to finance. HAKKI GROUP provides financing such as used car auto loans and new car leases to segments that have difficulty obtaining credit from traditional financial institutions, by utilizing its unique credit scoring that leverages alternative data such as mobile money and ride-sharing data. They support vehicle ownership and economic independence for ride-sharing drivers in Kenya, South Africa, India, and Thailand.

The Fund decided to provide this loan after highly evaluating the company's business model, which offers scalable solutions through its unique credit scoring technology and strategic partnerships with global ride-sharing operators like Uber and Bolt, and considering the significant impact of the social issue of financial inclusion that it aims to solve.

About RFC Venture Debt Fund 1

The Fund was established in November 2025 by Fivot and Resona Bank with the aim of expanding growth funding support for domestic startups from seed to middle stages (total fund amount: ¥3.1 billion). Loan disbursements began in January of this year, and the cumulative loan disbursement amount is approximately ¥3.1 billion, with the total fund amount having been largely disbursed in approximately six months (as of the end of May 2026).

The Fund combines the expertise of Resona Bank, which began handling venture debt in October 2023, with Fivot's know-how in proprietary AI credit models and data analysis technology utilizing LLMs, realizing an unprecedented lending operation.

Even after the Fund completes its disbursements, Fivot will continue its lending operations through its own service "Flex Capital." Furthermore, Fivot and Resona Bank will continue discussions regarding the evolution of their future collaboration, aiming to further expand support.

Comments from Each Company

Ryoji Kobayashi, President and CEO, HAKKI GROUP Inc.

"We are extremely pleased to receive support from 'RFC Venture Debt Fund 1,' established by Fivot Inc. and Resona Bank. HAKKI, with its mission 'To eliminate credit disparities and deliver more possibilities to more people,' has been developing its mobility finance business in Africa and India. With this funding, we will accelerate investment in vehicle procurement and our business infrastructure, and work to create stable income opportunities for more drivers. We look forward to our partners not only providing financial support but also accompanying us as long-term partners."

Shogo Abe, President and CEO, Fivot Inc.

"HAKKI GROUP Inc. is an impact startup that is expanding its business by leveraging its unique credit scoring to address the global challenge of financial inclusion in emerging countries. The fact that they have achieved early monetization in each country by expanding their mobility finance business for ride-sharing drivers, which was proven in Kenya, to India, South Africa, and Thailand, demonstrates the reproducibility and growth potential of their business model.

Within the trend of fintech utilizing alternative data, we are very pleased that Fivot, as a fintech startup ourselves, can support the further growth of HAKKI GROUP Inc., which is challenging the creation of new financial infrastructure in the Global South."

About HAKKI GROUP Inc.

HAKKI GROUP is a startup company engaged in business mobility finance and leasing in emerging countries, primarily in the Global South. Utilizing its proprietary credit scoring model, the company provides a variety of financial services to local taxi drivers who find it difficult to obtain financing from conventional financial institutions.

About Fivot Inc.

Fivot, founded in 2019 with the mission "To create new flows of money in new industrial structures," is a startup aiming to become a challenger bank. Through an ecosystem comprising two businesses, the savings cashless app "IDARE" and the lending business for startups "Flex Capital," Fivot provides liquidity necessary for society and contributes to the creation of new value.