Mynavi Bridge and Setagaya Shinkin Bank Partner to Support SME Cash Flow via Low-Fee Factoring

Partnership Overview

Mynavi Bridge Co., Ltd. and Setagaya Shinkin Bank have entered into a business matching agreement to promote the use of two-party factoring services for corporate clients. Through this partnership, Mynavi Bridge will provide Setagaya Shinkin Bank's clients with options for rapid capital procurement and accounts receivable protection.

Background of the Service

Small and medium-sized enterprises (SMEs) often face persistent cash flow challenges, as the timing of accounts payable frequently precedes the collection of accounts receivable. This collaboration aims to bridge the gap between a regional financial institution’s customer base and Mynavi Bridge’s specialized financing schemes, helping businesses hedge collection risks and improve liquidity. By integrating external professional services, the local financial institution intends to strengthen its support for business growth.

Key Service Features

The factoring service offered by Mynavi Bridge, known as "MBpay," offers several distinct advantages:

• Competitive Pricing: Transaction fees are capped at 7%, which is below the industry standard of approximately 10%.
• High-Speed Processing: For applications under 5 million yen, funding can be provided on the same day. Even for new users, the process is streamlined to a minimum of two business days.
• Enhanced Convenience: In principle, receivables assignment registration is not required for amounts under 5 million yen, significantly reducing administrative hurdles for the client.

Future Outlook

Moving forward, both organizations plan to promote this factoring service as an effective tool for improving liquidity among Setagaya Shinkin Bank's corporate clients. Leveraging the expertise of the Mynavi Group, Mynavi Bridge is committed to providing financial services that serve as a bridge to all businesses, ultimately aiming to revitalize the regional economy and drive sustainable growth for SMEs.