Fidii Payment System Surpasses 100 Million Yen in Real Estate Transactions

Fidii Payment Service Achieves Significant Milestone

Lease Inc., based in Shinjuku, Tokyo, has announced a remarkable achievement for their cutting-edge payment solution, the Fidii payment system. The cumulative amount of transactions, also known as GMV (Gross Merchandise Value), has surpassed 100 million yen since the service was launched. This success underscores the efficacy of a system designed to meet the needs of both property companies and tenants, aiming to maximize personal credit value.

Background of the Service

In the real estate sector, payment processes related to initial costs and settlement payments often create friction between the parties involved. Property companies (the requesters) and tenants (the payers) have been experiencing a significant gap in their needs. Requesters require timely and complete fund transfers, which often leads them to invest in costly and complex operational processes. On the other hand, tenants have expressed dissatisfaction with limited payment methods imposed by the requesters, feeling constrained in their payment options.

Recognizing this gap, Lease Inc. developed the Fidii payment service to facilitate transaction management for both parties. The simplicity of sharing billing data alongside a robust range of payment options has significantly appealed to users, culminating in the impressive milestone of 100 million yen in total transactions.

The Day-to-Day Benefits of Fidii Payment

Utilizing the Fidii payment system allows requesters to alleviate their operational burdens, enabling them to focus on core activities such as sales and customer service. Within just six months of its launch, the Fidii payment service achieved remarkable traction, attributed to several key strengths.

1. Simplified Operations: By only sharing essential billing information such as approval numbers, amounts, due dates, and contact details, the system seamlessly completes the billing process. This requires no significant system development on the requester’s side due to smooth CSV data integration.

2. Diverse Payment Options: To cater to a wide range of tenant needs, Fidii accepts various payment methods including bank transfers, direct debits, credit cards, and multiple QR code payment platforms (e.g., WeChat Pay, Alipay+). Moreover, the service offers multilingual support from call centers catering to expatriate tenants, ensuring smooth payment transactions and improved collection rates.

3. Flexible Management of Transactions: The system automatically calculates fees based on the payment method and can also distribute collected funds across multiple bank accounts. This significantly reduces the manual labor associated with complex remittance tasks.

Future Endeavors

Looking ahead, Lease Inc. intends to continue expanding the variety of payment methods available within the Fidii service while also launching additional offerings such as advance payments and multi-directional remittances. By adhering to the mission of maximizing personal credit value, Lease aims to support the digital transformation (DX) of the entire real estate sector through its innovative payment solutions.

For more information and inquiries regarding the Fidii payment service, please refer to the contact form available on our website.

Furthermore, Lease Inc. plans to expand its services further to cater to the financial needs associated with initial costs and settlement payments. The company is committed to developing services that meet the changing demands of its user base, including the introduction of rough estimates and multi-directional payments from August 2023.

For additional details on Fidii, please take a look here.

About Lease Inc.

Lease Inc. is a startup focusing on CreditTech within the intersection of real estate and finance. The company aims to create a lending platform for the credit economy society by developing an AI-powered SaaS rent guarantee support system called “Rent Guarantee Cloud.” Leveraging over 200 proprietary credit assessment algorithms, Lease effectively minimizes risks for property managers and owners by accurately evaluating tenant creditworthiness. This approach supports more flexible and equitable rental agreements, significantly contributing to the evolving landscape of real estate finance.

Founded: September 13, 2018
CEO: Yasutaka Nakamichi
Location: 6F, Nishi Shinjuku Metro Building, 7-9-16 Nishi Shinjuku, Tokyo
Website: Lease Inc.