Funds acquires 13.87% stake in Taiwan’s Asia Money Fintech company

Funds, which operates the fixed-yield investment online platform “Funds,” has entered into a share purchase agreement regarding the acquisition of shares in Asia Money Fintech Company (AMFC), which provides financial services such as Sales Finance and BNPL to individuals, utilizing its proprietary credit management know-how and scoring technology.

As a result of the Agreement, Funds will acquire a portion of the common shares of AMFC, holding 13.87% of the voting rights. Under the terms of the Agreement, Funds is allowed to acquire a majority of the voting rights of AMFC by the end of May 2027, subject to certain conditions. With this capital alliance with AMFC, Funds aims to promote its overseas business, focusing on the consumer finance sector.

Background to and purpose of the Agreement

Since the launch of Funds in January 2019, under the mission of “Providing answers to the uncertainties of the future,” the company has been offering stable asset management opportunities with no price fluctuations through indirect lending to individual investors while also providing agile and flexible debt-based capital-raising instruments to enterprises.

Funds has gained experience in supporting overseas business activities, such as raising funds on its platform for a fund with Gojo & Company, which operates microfinance businesses in countries like India with its group companies, as the borrower, and for a fund with Hong Kong-listed K Cash Group as the borrower.

AMFC, with the mission of “FINANCIAL INCLUSIVENESS FOR A BETTER ASIA,” is committed to financial inclusion for the underbanked in Asia, including Taiwan. Its philosophy of striving to solve individuals’ challenges through financial services aligns with Fund’s own mission. Building on the foundation of the overseas business support it has accumulated, Funds aims to collaborate with AMFC and actively work towards enhancing the value of the Funds platform.

With the capital alliance established through the Agreement with AMFC, Funds will promote its overseas consumer finance business as a group. In addition, by leveraging its fundraising capabilities in the Japanese market through Funds as a source of competitiveness, the company aims to secure further business opportunities in emerging markets overseas.

As a specific support initiative for AMFC, Funds will raise a fund with AMFC Group as the borrower, with the goal of securing business funds for AMFC.

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