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Garage Bank issues corporate bonds using Siiibo Securities

Garage Bank issues corporate bonds using Siiibo Securities

*View in browser* *Garage Bank Co., Ltd.*
Press release: June 24, 2024
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Garage Bank issues corporate bonds using Siiibo Securities
* Garage Bank Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo,
Representative Director: Yamamoto), which provides the asset management and utilization app “cashari”
Yoshihito (hereinafter referred to as “Garage Bank”) is conducting a small private placement using the bond issuance and purchase platform operated by Siiibo Securities Co., Ltd. (Headquarters: Chuo-ku, Tokyo, Representative Director: Kazuteru Komura, hereinafter referred to as “Siiibo Securities”). We would like to inform you that we have issued corporate bonds. *

Garage Bank used Siiibo Securities, an online securities company specializing in corporate bonds, to issue its first corporate bond through online private placement (*1).
* ◼︎Background of bond issuance at Siiibo*
Siiibo Securities supports companies in raising funds by issuing corporate bonds. Interest in debt financing options (*2) for emerging companies has increased in recent years, and the needs of issuing companies are increasing. Among debt financing methods, Siiibo Securities’ service is unique in that it can collect funds in a closed manner from individual investors who sympathize with the company or service.
* ◼︎Value of corporate bond issuance and investment through Siiibo* Corporate bonds are simple and easy-to-understand financial products that allow investors to invest directly in a company and earn regular interest. For issuing companies, unlike raising funds through stock issuance, debt funds do not destabilize or dilute management rights, contributing to greater flexibility in capital policy. Furthermore, under current market conditions, it is becoming difficult for startups to raise funds through stock issuance due to the effects of sluggish stock prices in the growth market and a decline in the inflow of funds to startups worldwide, so this is significant in terms of expanding the options for financing methods. there is.

Siiibo Securities will continue to work to ensure that corporate bond issuance and investment can be widely used not only as a new means of raising funds for startups, but also as an investment method to support startups.
(*1) The number of people soliciting the acquisition of securities shall be less than 50.
(*2) Debt means debt and refers to the method of raising funds by borrowing. This applies to loans from financial institutions and issuance of corporate bonds.
* ◼︎About Garage Bank and “cashari”*
With the mission of “Making the value of things something everyone can do”, Garage Bank offers a service called “cashari”, which allows you to quickly check the asset value of items you own, such as digital gadgets and branded items, and turn them into cash as needed. (Kashari)” (* https://cashari.jp/*
) is developed and provided. The sale-and-leaseback mechanism, which has traditionally been common in limited areas such as real estate and corporate transactions, allows individuals to continue using the asset by paying lease fees even after selling it and converting it into cash. Did.
In June 2023, we will expand our service area by starting car leaseback services for cars, which often account for a large proportion of personal assets.
* ■Comment from Garage Bank Co., Ltd. Representative Director Yoshihito Yamamoto*
In order to realize a society where everyone can take on challenges, we are a startup that creates a new experience in managing and utilizing property assets by creating a system that instantly converts the “value” of objects into funds.
By using Siiibo Securities’ platform, we were able to make many individual investors aware of our business and support them through corporate bond investment. We are very happy that we have expanded the range of financing methods we can use to raise funds, which is an important management issue for us, and we would like to express our deepest gratitude to our many individual investors for their support. With this funding as the driving force, we will do our best to create a society where everyone can take on challenges by leveraging the value of things.
* ■Comment from Kazuteru Komura, Representative Director and CEO of Siiibo Securities Co., Ltd.*
We are very pleased to have been able to support Garage Bank in connecting them with investors who are highly interested in their business through the financing method of issuing corporate bonds. Investors who have purchased corporate bonds have expressed their expectations for our unique business model, as well as the high level of appraisal ability that allows us to determine authenticity while keeping the item in the customer’s hands, and the fact that the item being examined is not the same as the applicant. There was interest in the high level of technology used in the app to determine whether something is owned.
Some investors decided to use the service after this investment, and it was an opportunity for them to realize once again that issuing corporate bonds is a means for companies to raise funds while promoting the appeal of their business. I did. We will continue to work hard to help companies and investors with a wide range of businesses learn about corporate bonds as a means of raising funds and investing.
* ■ About Siiibo Securities Co., Ltd. *
Our mission is to “create free, transparent, and fair direct finance,” and we aim to popularize the simple financial product of “corporate bonds.” As Japan’s only online securities company (*) specializing in corporate bonds, we operate Siiibo, a platform that allows for the issuance and purchase of corporate bonds online.
“Siiibo” provides corporate information viewing and corporate bond purchase management services for investors, and IR listing and corporate bond issuance support for companies.
*Siiibo Securities research as of June 24, 2024
・Company name: Siiibo Securities Co., Ltd.
・Representative: Kazuteru Komura, Representative Director
・Location: FinGATE TERRACE 8F, 8-1 Nihonbashi Kabutocho, Chuo-ku, Tokyo ・Established: January 11, 2019
・URL: https://siiibo.com
* ■About Garage Bank Co., Ltd.*
Garage Bank Co., Ltd. is a startup founded in January 2020 with the mission of “Making the value of things “possible” for everyone.” In November 2020, the asset management and utilization app “cashari” was launched.
/ Kashari” has been released. By setting up a system to fairly evaluate the value of things and immediately convert that value into cash, we create a new experience in managing and utilizing physical assets.
* ■About “cashari”*
Property asset management and utilization app “cashari/
Kashari is a service that allows you to quickly check the asset value of your owned items, such as digital gadgets and branded items, using a simple app, and convert them into cash at any time if necessary. The leaseback mechanism, which allows you to continue using the asset by paying lease fees even after selling it and converting it into cash, has been used mainly by corporations for high-value assets such as real estate and machinery and equipment. cashari
/ Kashari” provides services for individuals, targeting familiar real assets such as digital gadgets, branded items, and cars.
* ■Company profile*
・Location: 5F, Kasamatsu Chiyoda Building, 2-17-4 Nagatacho, Chiyoda-ku, Tokyo ・Representative: Yoshihito Yamamoto
・Capital: 550,827,500 yen (as of April 1, 2024 (including capital reserves)) ・Date of establishment: January 22, 2020
・Business content: Small-value movable property leasing/Used goods purchase/Vehicle leasing business
・URL: * https://www.garagebank.co.jp/* * ■Contact information*
Garage Bank Co., Ltd. Public Relations Officer Aoki
TEL: 050-5370-5960 E-mail: pr@garagebank.co.jp
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