Shoko Chukin Bank Provides JPY 100m in Debt Financing to COUNTERWORKS

Shoko Chukin Bank actively supports startup companies that aim to solve social issues through innovative products and services, in collaboration with related organizations.

Shoko Chukin Bank's Startup Business Department has provided a loan of 100 million yen to COUNTERWORKS as funding necessary for business expansion.

COUNTERWORKS is a startup that provides short-term commercial real estate platforms and other services. The company's "Shop Counter" service matches lessors and lessees for short-term use of commercial spaces, and is used for pop-up store openings and event hosting.

With the procured funds, the company aims to achieve further business growth by working on service quality improvement and awareness expansion.

Shoko Chukin Bank conducted a thorough business evaluation through interviews with management and related organizations, sharing the company's strengths and financial challenges. Considering that the company's initiatives will lead to effective utilization of real estate, Shoko Chukin Bank concluded this loan agreement. This case was handled without guarantees in accordance with the "Guidelines for Management Guarantees."

Shoko Chukin Bank will continue to contribute to economic development through our support of startup companies.

Progmat Starts “Project Pax” Phase 2, The Shoko Chukin Bank Participates

Progmat has commenced Phase 2 practical verification for “Project Pax,” aimed at building a cross-border remittance infrastructure using stablecoins. In addition, The Shoko Chukin Bank has become the first domestic bank to participate in this project. 1. Background and Purpose Project Pax, announced in September 2024, aims to develop a

Japan FinTech ObserverNorbert Gehrke