Funds Inc. Acquires Majority Stake in Taiwanese Sales Finance and BNPL Firm AMFC

Funds Inc., operator of the direct financing platform 'Funds,' announced that it has acquired 88.11% of the outstanding shares of Taiwan-based sales finance and BNPL firm Asia Money Fintech Company (Funds AMFC), making it a consolidated subsidiary. This M&A was led by the group's overseas operations hub, Funds IGC Pte. Ltd. (FIGC).

Following the acquisition, the company has been renamed Funds AMFC. To commemorate this, the company launched the 'Funds AMFC Inclusion Fund #1,' with 777 million JPY in funding set to open on June 5.

Funds AMFC provides sales finance and BNPL services in Taiwan, targeting the 'underbanked' population who have bank accounts but limited access to traditional borrowing. The company achieves financial inclusion by leveraging a data-driven credit model.

In the fiscal year ended December 2024, Funds AMFC reported revenue of 233 million NTD (approx. 1.16 billion JPY) and operating profit of 67 million NTD (approx. 330 million JPY), marking four consecutive years of revenue and profit growth.

Funds Inc. currently holds an 88.11% stake and plans to increase it to 95% pending approval from Taiwanese authorities. To strengthen governance, the company will dispatch Chief Technology Officer Yoshinobu Wakamatsu as an auditor, joining existing board member Tatsumichi Takao.

This move enables stable capital supply through the Funds platform, creating return opportunities for Japanese investors while advancing financial inclusion in Taiwan. This is part of the 'growth cycle' model pursued by FIGC.

The commemorative fund subscription period is from June 5, 2026, at 19:00 to June 17 at 15:00. While the direct borrower is a domestic subsidiary, Funds AMFC provides a joint guarantee.