Funds Expands into European Market for the First Time, Launches "Everest Leaseback Receivable Secured Fund #1"

Funds Inc. (Headquarters: Shibuya-ku, Tokyo; Representative Director & CEO: Yuichiro Fujita; hereinafter "the Company"), which operates the direct finance platform "Funds," announced on May 12, 2026, the launch of "Everest Leaseback Receivable Secured Fund #1," which provides credit to Poland's Everest Group. This fund will be pre-sold exclusively to Platinum or Black members of the Funds Membership Program.

This fund was originated by Funds IGC Pte. Ltd. (Headquarters: Singapore; CEO: Tomochika Takao; hereinafter "FIGC"), the Company's overseas business management base. Poland is the fourth country for expansion, following Taiwan, Hong Kong, and South Korea, and marks the Company's first entry into the European region.

About Everest Group

The Everest Group is a Polish financial corporate group founded in 2000, with a sales network of over 800 representatives across the country. Sales representatives promptly visit customers' homes based on inquiries, assess their living situation and repayment capacity, and provide financial solutions within a minimum of 24 hours from the inquiry.

This business model, where close contact is maintained with customers for product sales, is known as "Door to Door Finance" or "Offline Finance" in Poland. The Everest Group holds a leading position in this field in Poland, leveraging its customer base and accumulated credit data built over 25 years of business history.

Its current core businesses are consumer leaseback and credit card related services. The consumer leaseback business, launched in 2020, allows customers to temporarily sell their movable assets to the Everest Group and continue using them by entering into a usage agreement and paying a fee to the company.

Meanwhile, the credit card related business is operated in partnership with Multitude Bank (an MFSA-licensed bank located in Malta, a digital bank based on an EU banking license). The Everest Group mediates the sale of credit cards issued by the bank to customers and purchases the receivables generated after the contract.

For both businesses, the initial credit limit for new customers is small, approximately 110,000 JPY equivalent. Furthermore, a distinctive feature is that repayments are made weekly or monthly, which allows customers to keep the repayment amount small per installment, and enables the Everest Group to enhance the certainty of repayment.

*Japanese Yen conversion is based on 1 Zloty = 43 JPY.

About Everest Leaseback Receivable Secured Fund #1

This is a Yen-denominated fund where Everest Capital Sp. z o.o. (Headquarters: Szrem, Wielkopolskie, Poland; Chairman: Andrzej Dworczak; hereinafter "Everest Capital") of the Everest Group, which operates the Door to Door finance business in Poland, serves as the borrower. Although it is a professional fund (details here) offered only to eligible investors, an overview can be found here.

First-come, first-served application period: May 13, 2026, 19:00 to May 18, 2026, 15:00

*Pre-sale will be offered to Platinum or Black members of the Funds Membership Program (learn more here) until May 15, 15:00. Eligible investors are those who were Platinum or Black members as of May 12, 9:00.

Everest Capital acts as the borrower for this fund as it handles fundraising functions within the Everest Group. However, this fund will obtain guarantees from Everest Sp and Everest S.A., the core operating companies of the group. Additionally, the leaseback receivable portfolio held by Everest Sp will be set as collateral.

About FIGC

FIGC was established in Singapore in June 2025, aiming to realize the concept of a "global growth investment and lending platform" centered on financial businesses in the APAC region, after the Company formally commenced its overseas expansion by concluding a share transfer agreement with Taiwan's AMFC in November 2024.

It is responsible for managing other entities within the Company group that handle overseas business, as well as discovering and structuring overseas projects for the Funds platform.

◾️ Announcement of Seminar

A free online seminar explaining this fund will be held on May 13 (Wednesday) at 19:00. The latter half of the seminar will feature FIG.