Rakuten Lifull Stay Inc. offers financing support

09 Jul 2018

In Japan, Rakuten Lifull Stay Inc. has formed a business alliance with fintech company  Samurai & J Partners Corporation to finance or crowdfund the development of rental properties.

According to a news statement, the partnership aims to develop private housing units owned by individuals or realtors registered with Rakuten Stay — a housing management system.

Both the companies will use financing support, including the crowdfunding platform Samurai-Crowd, to promote the use of vacant houses or idle assets. Samurai-Crowd allows investors to invest as little as 10,000 yen ($90.4 U.S.).

Established in Mar. last year, startup Rakuten Lifull Stay Inc. is co-owned by Rakuten Inc. (51 percent) and Lifull Co. Ltd. (49 percent). The company started listing its holiday accommodation on vacation rental marketplace VacationStay and  MonthlyHomes recently; after a new law that allows landlords to privately rent their properties as short-term accommodations came into effect in June (we reported on it here).

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Tariq Ahmed Saeedi

Tariq Ahmed Saeedi writes stories on sharing economies in Asia – particularly Japan, Taiwan, Vietnam, Korea, Pakistan, Bangladesh and Iran. He joined the AIM Group in January 2016. Tariq is also a spotter, monitoring global marketplace industry’s updates. He carries more than 15 years of writing experience. Tariq frequently contributes economic/tech news and analysis to a daily The News International and a magazine. He has also written features and interview articles for various other publications and some of his write-ups have been cited for references in reports by the World Bank and archived in Florida Institute of Technology’s library. Tariq has also narrated corporate website content for Audi importer in Pakistan and others. He started his career from a television’s current affairs department in 2003 and later joined the country’s premier news agency Pakistan Press International.