iYell Surpasses Cumulative Funding of 10 Billion Yen, Raises 1.315 Billion Yen in Series F First Close

iYell Co., Ltd. (Headquarters: Meguro-ku, Tokyo; President and CEO: Hiroyuki Kubota; hereinafter referred to as "iYell"), a housing loan tech company, has successfully raised a total of 1.315 billion yen in the first close of its Series F round, bringing its cumulative funding since inception to over 10.68 billion yen. This funding round is a hybrid of equity and venture debt, including equity from specific investors and venture debt from the "RFC Venture Debt Fund 1 Investment Limited Partnership," jointly established by Fivot Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Shogo Abe; hereinafter referred to as "Fivot") and Resona Bank, Limited (Headquarters: Chuo-ku, Osaka; President: Kazuhiro Senda; hereinafter referred to as "Resona Bank").

Background and Purpose of Funding

With the vision of "A world where we support each other," iYell is driving the digital transformation of complex housing loan operations through its core product, the housing loan operational support system "I-Yell Dandori," which connects financial institutions with housing developers.

The milestone of surpassing 10 billion yen in cumulative funding is a testament to the strong trust placed in our business model and future prospects by numerous investors and financial institutions.

This Series F round employs a hybrid approach combining venture debt and equity. This strategy allows us to build an optimal and robust financial and capital base for our IPO while minimizing excessive dilution of shares. The 1.315 billion yen raised (1.015 billion yen in equity and 300 million yen in debt) will be utilized as growth capital for further functional expansion of our flagship product "I-Yell Dandori," as well as for sales and marketing to expand our nationwide share, and for strategic investments in related areas, thereby accelerating our business development.

About the Lenders

"RFC Venture Debt Fund 1 Investment Limited Partnership"

This venture debt fund (total fund size: 3.1 billion yen) was jointly established in November 2025 by Fivot, which possesses unique AI credit scoring models and data analysis technology utilizing LLM, and Resona Bank, with the aim of expanding growth capital support for domestic startups from seed to middle stages.

About Fivot Inc.

Company Name: Fivot Inc.

Representative: Representative Director Shogo Abe

Head Office Location: Toranomon 33 Mori Building, 3-8-21 Toranomon, Minato-ku, Tokyo

Establishment Date: October 2019

Corporate Website: https://fivot.co.jp/

Company Overview

Company Name: iYell Co., Ltd. (The iYell Co., Ltd.)

Representative: President and CEO Hiroyuki Kubota

Head Office Location: 7th Floor, Sumitomo Fudosan Aobadai Hills, 4-7-7 Aobadai, Meguro-ku, Tokyo

Establishment Date: May 12, 2016

Paid-in Capital: 8.99 billion yen (as of the end of April 2026)

Cumulative Funding: 10.68 billion yen (as of the end of April 2026)

Corporate Website: https://iyell.co.jp/