Makuake Co., Ltd., listed on the TSE Growth Market, introduces corporate card “UPSIDER”
*UPSIDER Co., Ltd.*
Press release: July 12, 2024
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Makuake Co., Ltd., listed on the TSE Growth Market, introduces corporate card “UPSIDER”
*Corporate card with various functions that improves business efficiency, strengthens governance, and helps go paperless*
*UPSIDER Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Directors: Toru Miyagi, Tomonori Mizuno, hereinafter referred to as UPSIDER Co., Ltd., whose mission is to “create a global financial platform that supports challengers”)
The corporate card “UPSIDER” (hereinafter referred to as “UPSIDER”) provided by our company)
We would like to inform you that UPSIDER) has been introduced by Makuake Co., Ltd. (Headquarters: Shibuya-ku, Tokyo, CEO: Ryotaro Nakayama), which operates “Makuake”, a support purchasing service for popular items and experiences. *
The corporate card “UPSIDER” introduced by Makuake Co., Ltd. supports companies that continue to take on challenges by providing various functions that ensure both the governance and productivity required of listed companies.
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A group of functions to prevent unauthorized use, including the industry’s only “user restriction function” that limits the services that can be paid, and simplifies operations to comply with the revised Electric Book Act and invoice system, improving operational
efficiency. The resulting set of functions will improve convenience and security for listed companies. It also contributes to paperless accounting operations, including expense settlement, by digitizing them.
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We will continue to release support and functions that meet the needs of growing companies, and aim to realize our mission of “creating a global financial platform that supports challengers.”
*Comment from the person in charge at Makuake Co., Ltd.*
* Corporate Headquarters Executive Officer, Finance and Accounting Manager Ryosuke Matsutsu*
There were many issues arising from the perspective of accounting practices and internal controls in the operation of corporate cards, and we believed that it was necessary to improve efficiency and accuracy. Under these circumstances, I decided to seriously consider installing UPSIDER after receiving recommendations from several acquaintances. At the first appointment, I felt that many issues could be resolved, so I decided to implement it at an early stage. One of the reasons we chose UPSIDER is that it takes a short time to issue a card, so you can use it quickly when you need it. It is also very convenient that you can set restrictions on usage conditions for each individual card. In addition, it is easy to attach evidence through Slack integration, which is very convenient for both card users and accountants.
We hope that UPSIDER will continue to upgrade the system so that it can respond quickly and completely in the event that further legal or system amendments occur in the future.
* Overview of Makuake Co., Ltd. *
– Company name: Makuake Co., Ltd.
– Address: Daiwa Shibuya Miyamasuzaka Building 10F, 2-16-1 Shibuya, Shibuya-ku, Tokyo
– Representative name: Ryotaro Nakayama
– URL: https://www.makuake.co.jp/
*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 March 2024).
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Furthermore, 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 requesting a request for approval, as well as immediately reflecting usage history on the management screen after payment, collecting and linking evidence, linking to request for approval, and linking with Slack. It has been well received for its wide range of integrated functions such as notifications and submission of evidence, making it 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. Due to these effects, the number of listed companies introducing it is rapidly increasing.
*About the services we provide*
With the mission of “creating a global financial platform that supports challengers,” our company provides services such as the corporate card “UPSIDER” and the bill card payment service “Payment.com.” The number of companies using both services is There are over 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 debited. Users do not need to submit any documents, interview, or review.
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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.
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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, totaling 10 billion yen, will provide an unprecedented debt procurement
environment for growth-stage startups.
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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
・Representative: 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.