UPSIDER IPO Partners starts supporting 5 companies – Publishes materials sharing knowledge on priorities for listing preparations
*View in browser* *UPSIDER Co., Ltd.*
Press release: March 22, 2024
**
UPSIDER IPO Partners starts supporting 5 companies – Publishes materials sharing knowledge on priorities for listing preparations *On March 27th (Wednesday), a listing preparation seminar for CFOs and management managers will also be held*
*
UPSIDER Co., Ltd. (Representative Directors: Toru Miyagi, Tomoki Mizuno, Headquarters: Minato-ku, Tokyo;
UPSIDER IPO is a support package for listing preparations for user companies announced by the corporate card UPSIDER in September 2023. We are pleased to inform you that the five companies that will be supported in the first phase of “Partners” have been confirmed and support has begun. *
In addition, we have released materials summarizing knowledge regarding the priority order for listing preparations, which has become clear as we provide support for listing preparations. * Anyone can download the materials for free.
White paper download
Furthermore, based on the many inquiries we have received from UPSIDER IPO Partners,*
On Wednesday, March 27, 2024, we will be holding a seminar* for people in charge of listing preparations, such as CFOs and management managers.
Event page * Percentage of UPSIDER users among companies listed on the TSE Growth Market (including Mothers) in 2022. In-house research.
* About the listing preparation support package “UPSIDER IPO Partners” * * -Contents of UPSIDER IPO Partners-*
* “UPSIDER IPO” announced in September 2023
Partners” is a specialized team that includes qualified certified public accountants who belong to our company, as well as members who have experience in supporting companies’ listings at auditing firms and securities companies, and who have experience in dealing with listing examinations on the corporate side.We provide support for listing preparations. This is to support companies that wish to do so. *
We strongly support startup companies aiming to go public by providing support for planning preparations for listing after a short review, policies for dealing with issues related to listing, and advice on debt procurement.
* -Background provided by UPSIDER IPO Partners-*
In the domestic startup market, while the number of startups aiming to go public is increasing, the actual pace of increase in the number of new listings is slowing down, creating a gap. In the background, * There is a problem of “IPO audit refugees” due to a shortage of staff at audit firms and securities companies, and companies’ immature internal systems. *
In response, our company believes that two elements are necessary for a startup company to achieve a new listing: “business growth” and “system development,” and in addition to existing businesses, we believe that UPSIDER IPO
We wanted to provide partners and contribute to the revitalization of the domestic IPO market.
Existing businesses include the corporate card “UPSIDER” and its subsidiary UPSIDER Co., Ltd.
In addition to providing financing through Capital, we aim to provide support in terms of financing, which is essential for business growth.In addition to providing support in terms of financing, which is essential for business growth, in terms of “system development,” we also provide support such as the industry’s only “user restriction function,” which the corporate card “UPSIDER” has. Strengthening governance through each function, AI tool “UPSIDER”
Coworker” realizes operational efficiency. * Additionally, UPSIDER IPO Partners will provide advice and consulting to each individual company on what is necessary for a company to go public. *
At the time of release, UPSIDER IPO will be held for 5 companies first. We have announced that we will provide services through Partners, and we have already selected five companies and support has begun. -Publishing knowledge regarding listing preparations as a white paper- The document (white paper) released this time explains the
perspectives that should be taken into consideration when deciding when to respond to major issues in preparation for listing, as well as important tasks and schedules leading up to IPO. Anyone can download the white paper for free.
Furthermore, we plan to continue sharing the knowledge gained through support from UPSIDER IPO Partners through white papers and seminars. White paper download
*Comments from the person in charge of the supported company* * ・Guidable Co., Ltd. Ryo Kagaya*: https://guidable.co.jp/
My name is Kagaya and I am the person in charge of IPO. At our company, UPSIDER IPO
We are supported by Partners. In the past, we had been facing issues with speeding up monthly closings, but after receiving their advice, we were able to achieve speedy and stress-free monthly closings. Additionally, communication with the auditing firm has become smoother, which has been helpful.
*
In addition to IPO preparations, UPSIDER also shared its knowledge on financing, which is unique to UPSIDER, which has successfully conducted large-scale debt financing. We achieved procurement of 330 million yen in February 2024, and the knowledge we received was utilized to achieve this goal.
*
Finally, we have the value of “move quickly. Move quickly.” We value speed. We believe that by using UPSIDER, the speed will be further accelerated. We will continue to strive for further growth.
* ・Mr. Kai Narita, VP of Corporate, Kuzen Co., Ltd.: * * https://corp.kuzen.io/*
We receive package support from UPSIDER IPO Partners. *
In preparation for an IPO, it is necessary to proceed with a huge amount of tasks with limited resources, but you may be worried about what priority to proceed with and what level of progress is required. . *
In situations like this, I consulted with Mr. Sato from UPSIDER as appropriate, and he was very helpful in introducing me to specific examples of how other companies did things and how things were done in his own experience. I am. We will strive to grow our business and build a business management system so that we can grow together with UPSIDER.
* ・Takuya Ishii, General Manager of Business Administration Division, mederi Co., Ltd.: * * https://mederi.jp/company/*
In preparation for listing, the management department is required to play multiple roles, including supporting business growth including fundraising, increasing the sophistication of budget and actual management, visualizing the financial situation, and strengthening governance. On the other hand, it is difficult for a company preparing to go public to find anyone willing to step up and discuss the issue. *
UPSIDER IPO
Through Partners’ services, we have been able to overcome obstacles that we are worried about on a daily basis and gain knowledge about fundraising, etc., so we can move forward with strengthening our systems in preparation for listing with more confidence than before. I feel that there is. *
We will continue to build our management system while growing our business together with UPSIDER.
* ・Company name not disclosed *
We were able to receive support through the UPSIDER IPO Partners package at a time when we were to begin our IPO efforts in earnest. We started by organizing priorities and tasks to determine what we should start with in preparation for the IPO, but they also provided materials for a list of tasks and a schedule, so we were able to get started right away.
*
We are receiving support for things that would normally require expensive consulting fees, and it is very helpful in that we are able to use cash to invest in our business while building a structure for an IPO. *
We are very encouraged to be able to work with UPSIDER to build a system for business growth and IPO, and we will do our best to further accelerate our efforts.
* ・Company name not disclosed*
Up until now, we had no idea what to do and in what order of priority in preparation for an IPO, or what level of performance was required. * I feel secure that I have someone to talk to outside of the company, and I am thinking of consulting with them about various policies regarding future auditing firms. *
We will work hard to grow our business and build a system so that we can grow together with UPSIDER and achieve an IPO.
*Comment from the head of UPSIDER IPO Partners*
* Hidenori Sato, Senior Corporate Partner, UPSIDER Co., Ltd. * UPSIDER IPO launched in September 2023
Partners has started supporting five companies in the first phase, and the number of support recipients is increasing in the second phase.
This initiative was started with the desire to deliver value beyond the product through UPSIDER to users aiming for “growth,” and we are happy to see this expansion, and we realize that there is a high need for knowledge and experience related to IPOs. .
Also, rather than simply imparting knowledge, we have learned many new things from listening to users about the challenges they face on a daily basis, which is a good opportunity for us to “grow” our services and products. We have received.
Although this is an initiative that we are currently providing on a limited basis, the UPSIDER IPO
Through Partners, we will work to provide broader and deeper value. *Holding a free seminar on preparation for listing! *
UPSIDER IPO, a listing preparation support package
Partners is a framework that provides support to only five companies in the first phase. Therefore, although we have received many inquiries since the announcement, we are not able to meet all needs.
Therefore, we will be holding a free seminar on preparing for listing. In this seminar, we plan to provide specific information on how to build an ideal internal structure in preparation for listing and how to interact with audit firms. Please join us.
-Seminar overview-
・Date and time: March 27, 2024 (Wednesday) 12:00-13:00
・Place: Online
・Participation fee: Free
・Participation requirements: Non-users of the corporate card “UPSIDER” can also apply.
Apply
*About the corporate card “UPSIDER”*
UPSIDER is a corporate card that solves financial issues such as usage limits and accounting processing. In particular, the usage limit (prepayment/deferred payment) of up to 1 billion yen or more, the virtual card issuance/management function, and the SaaS function that helps speed up accounting processing are popular, and there are over several thousand companies actively using them. The continuation rate is over 99% (as of the end of February 2024), the cumulative payment amount is over 250 billion yen (as of the end of December 2023), and the cumulative credit limit has exceeded 1 trillion yen (as of the end of April 2023).
Service page
Additionally, the number of listed company customers is rapidly increasing. * In addition to payment, we also handle pre-payment procedures such as restricting usage destinations, setting upper limits, and applying for approval, immediately reflecting usage history on the management screen after payment, collecting and linking evidence, linking to approval, and Slack integration. It has been well received for its wide range of integrated functions such as notifications and submission of evidence,*
It is now possible to safely operate corporate cards. For listed companies where governance and accountability are important, this service can help tighten company-wide expense management, simplify expense settlement operations, and speed up accounting processing. *About the services we provide*
With the mission of “creating a global financial platform that supports challengers,” our company provides the corporate card “UPSIDER” and the business deferred payment service “Payment.com.” Both services are used by 35,000 companies. (as of the end of December 2023).
“Payment.com”, which targets sole proprietors and corporate
businesses, is jointly operated with Credit Saison Co., Ltd., and allows users to make all bank transfer payments for transactions between companies using their credit cards. This is a payment service. Users can improve their cash flow by extending payments until the day their credit card is deducted. Users do not need to submit any documents, interview, or review.
Payment.com
Additionally, in September 2023, we released a new AI chat-type business tool, “UPSIDER Coworker.” Slack and Microsoft
By linking with chat tools such as Teams, AI and humans automate almost all card-related tasks.
UPSIDER Coworker
Furthermore, we have established a subsidiary, UPSIDER Co., Ltd., to provide financing to venture companies in the growth stage and beyond. Capital” was established in May 2023. In November 2023, we will launch UPSIDER as a joint venture with Mizuho Financial Group, Inc. UPSIDER BLUE DREAM, a debt fund for startups managed by Capital We announced the operation of “Fund”. The first fund, with a total of 10 billion yen, will provide an unprecedented debt procurement environment for growth-stage startups.
View details
Our company has evolved from “a company that provides UPSIDER,” a corporate card that supports growing companies, to “an AI-powered comprehensive financial institution that creates Japanese companies that can compete in the world and supports Japan’s competitiveness once again.” We will continue to evolve.
UPSIDER Co., Ltd.
・Company name: UPSIDER Co., Ltd.
・WEB:
Corporate card “UPSIDER”: https://up-sider.com/
Bill card payment service “Payment.com”: https://shi-harai.com/ AI chat-type business tool “UPSIDER Coworker”:
https://ai-coworker.up-sider.com/
“UPSIDER BLUE DREAM Fund”: https://www.upsidercap.com/
Useful content: https://up-sider.com/media/
・Established: May 2018
・Representatives: Toru Miyagi, Tomonori Mizuno
・Capital: 8,794 million yen (including capital reserves, etc.) ・Head office location: 7-15-7 Roppongi, Minato-ku, Tokyo
・Member Association/Certification: Japan Payment Services Association, Security Certification PCI DSS
v3.2.1, JIIMA certification “Electronic book law scanner storage software legal requirements certification” “Electronic transaction software legal requirements certification”
Contact information regarding this matter
Please contact pr@up-sider.com for consultations on implementation, requests for interviews, and collaborations.
*The information contained in this press release is current as of the date of announcement.