Three years since its founding and two years from service in.There is a startup where domestic financial institutions are sending a passion for 20 billion yen ( *) during this period of time.OLTA.

Their "Cloud Factoring" will be judged and purchased within 24 hours.In particular, we responded exactly to the funding of small and medium -sized businesses that had issues in cash flow, and realized the "alternative" of bank loans.

The secret of the breakthrough is automation of its own AI screening.At present, they only have an algorithm that can perform full online (non -face -to -face) and two -company factoring screening within 24 hours.

We are also collaborating with financial institutions, starting with a business match with Seibu Shinkin Bank in 2019, establishing a joint venture with Shinsei Bank, a shareholder in 2020, and began providing "Anew Cloud Factoring".There is.In August, he started his long -awaited OEM model in collaboration with Gunma Bank and Juroku Bank.In November last year, the Japan Post Capital also raised 200 million yen, and the cumulative procurement was 3.2 billion yen.

What kind of growth stories do they dream in the future?I would like to consider the story of the two founders.

The appearance of Neo Factoring

Before that, I would like to explain the method of factoring once again.The purchase model of the invoice is not a new one, but it is a method born to shorten the time lag to the payment generated by the sale, mainly between three companies and two companies.The fact that a factoring company asks a company that issues it to a company that issues the invoice for three companies and purchases it.

Naturally, the intention of cashing the invoice as soon as possible will be lost, so there was an issue that would develop into credit problems.On the other hand, a factoring carrier buys a direct invoice between the two companies.When the payment is made in the normal sales cycle, the claimant company does not know that the claim should be returned.

However, with this method, factoring operators will take great risk.There is no way to know if the billing itself is a lie.Therefore, in the conventional method, it has been established by setting extremely personal methods such as interviews and expensive fees.

OLTA, MF KESSAI (Early Payment), YUP for freelancers, and freelance (GMO Pepabo series), "Neo Factoring" startups, which have recently appeared, use these two -company factoring methods.While using it, this problem has been solved by utilizing its own technology in the screening part.

OLTA talks about the accuracy of AI:

On the other hand, it is not so if it is no longer needed.For example, it is more efficient for a person to be in charge of a business operator's decision to "suspicious" than to build a scoring about it.It's a hybrid.Currently, the company is working on this service with a total of about 30 people.

"Credit" problem of SMEs

In this way, OLTA has realized the purchase of receivables in an extremely short period of time by utilizing AI.There is another important fact that this indicates.That is the mass production of "credit".If you have received a loan from a financial institution in a private business or small and medium -sized enterprise, it takes a lot of time and effort to raise such funds.

Unlike major companies with disclosure information, small and medium -sized and medium -sized small and medium -sized and medium -sized small and medium -sized companies are private and large.The credit of these companies will be determined by the credit survey (Imperial Data Bank and Commerce and Industrial Research) and regional banks, and the loan frame will be determined.

However, in a time when business was done with interest rates, polite credit surveys were not a problem, but that is not the case.In addition, the expansion of infectious diseases stopped the financial man's "earning money" method.The digitalization of financial institutions was in a state of waiting.The two have found common issues in the process of talking to regional banks.

OLTA has been working on a "partner strategy" to provide it to financial institutions such as regional banks as a white label since its founding.In August, this was raised to a real level in collaboration with Gunma Bank and Sixteen Bank, but in fact, these partnerships play an important role in creating trust.

The fuel of their AI engine is "data".Accuracy will be further improved by collecting quality small and medium -sized enterprises in cooperation with collaboration.On the other hand, qualitative data can be grasped for each area by arranging each affiliated personnel.After all it is a hybrid.

Ant group that digitized trust

What happens if you digitize the trust of small and medium -sized enterprises?There is one clear answer.That is the Chinese finance giant, Ant Group (Ant Group / Atsushi Group).

ALIBABA's financial services, they jumped into the most of the Chinese financial infrastructure with the mobile payment app "ALIPAY".According to the listing documents submitted to the Shanghai Stock Exchange on the 25th of this month, sales in the full year of 2019 will be 120.6 billion yuan (about 1,857 billion yen).The target market capitalization was $ 200 billion (approximately 21.3 trillion yen), which was the world's top -class financial technology stocks.

The most important technologies of these are the credit rating, "Shiba Credit (Sesami Credit)".With the credit scoring mechanism, if this score is high, you can display a higher credibility profile with e -commerce services in the Alibaba group, making it easier to rent a loan.The single day of the bachelor (W11, Double Eleven), which became the largest shopping day in China, $ 38.4 billion in just a day (about 4).2 trillion yen) was sold, but it was Shiba Ma Corporation that realized a small and medium -sized and small cash flow.

The same happens early in Japan.It is said that Japanese small and medium -sized enterprises are about 3.6 million, but in response to the recent spread of infectious diseases, digitalization has been created at a stretch.For example, in the platform "BASE", which can quickly launch a small commerce, GMV has increased 196%from the quarter of the previous year (the second quarter of 2020).It is expected that restaurants and other restaurants are trying to cover the sudden drop in sales with EC.

So how do you procure the necessary funds when these small businesses launch a new EC?

Suddenly, it will be the Japanese Finance Corporation and the familiar regional bank loans.Of course, if it is the first time, the procedure is complicated and you need to interview many times.But what if this trust was digitized and a familiar financial institution?

The solution to the cash flow issues of small and medium -sized enterprises that OLTA is aiming for is not only factoring.The credit score obtained using the method of cloud factoring is a weapon that leads to a real solution.

Where to buy

Up to this point, we have been considering the story of them, but of course, Commerce and financial layers players are studying this area.The topic of credit scores is, for example, in the field of crowdsourcing.The impact of OLTA was that this "desk theory theory" was dropped into a concrete How and actually moved it.

Then, the next attention is how they create the impact of the Alibaba / Ant Group class.For example, there are GMO Internet groups that also work on Rakuten, Yahoo, and factoring, for example, and BASE and Hay are also interesting as an emerging group.

Of course, listing alone is a premise, but even if you imagine a little imagining which groups of their credit engines work with, or even forming a group, you have a lot of premonition of various services.Short -term loans, insurance, accounting, asset management, etc.There may be some ways of thinking like BaaS from a slightly different perspective.

I will continue to chase where OLTA is going.

* Supplement: 20 billion yen is the cumulative application amount.This is not all OLTA buying all this, so I will supplement it.

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