Funds Launches 'Baree Mobility EC Fund #1'
On March 18, 2026, Funds, the innovative direct financing platform based in Shibuya, Tokyo, revealed its latest venture, the 'Baree Mobility EC Fund #1'. This fund aims to support Baree Inc., a prominent mobility tech company in South Korea that specializes in bike-focused mobility solutions and financial services under the brand name 'REITWAGEN'.
Expanding into Korea
Baree operates as a cutting-edge online platform, providing exceptional mobility services specifically tailored for motorbike users. This launch marks Funds' first foray into Korea, following successful expansions into Taiwan and Hong Kong. The company is looking to capitalize on Korea's booming market by establishing its overseas operational headquarters in Singapore, officially known as FUNDS IGC PTE. LTD. (FIGC).
Given the existing financial framework and expertise of Baree, Funds sees an opportunity to strengthen its partnership. This initiative includes delegating a representative from Funds to Baree's board of directors as an observer starting April 14, 2026, to facilitate effective collaboration.
The Financial Landscape
This move is part of Funds’ broader strategy to develop a global growth financing platform. Since executing a share transfer agreement with AMFC in Taiwan in November 2024, Funds has been actively pursuing international markets. The company is focused on achieving its vision of establishing an expansive growth financing platform within the APAC region by leveraging its financial operations.
Baree, notable for having achieved profitability, plans to utilize the funding to bolster its subscription service model, a key segment of its business that has seen significant growth in recent years. The firm has captured considerable attention in Korea and internationally, being recognized by leading investors including Strong Ventures and the Lotte Group.
About Baree
Operating under the name 'REITWAGEN', Baree is recognized as a forward-thinking mobility tech company. It has formed strategic partnerships with major corporations like Naver and Lotte to enhance its Buy Now, Pay Later (BNPL) services. With approximately 2.26 million registered motorcycles in Korea, the platform has established solid metrics with a Monthly Active User (MAU) count of 261,000 as of January 2025.
Additionally, in June 2024, Baree was acknowledged by the Korean government as a 'Baby Unicorn', reflecting its potential to reach unicorn status with a valuation exceeding $1 billion.
Details on the Fund
The 'Baree Mobility EC Fund #1' is being offered as a professional fund, exclusively aimed at targeted investors. Investment opportunities will be available from March 19, 2026, to April 1, 2026. The fund seeks to ensure capital flow into Baree's operations, particularly focusing on the development of its installment sales model.
Investors can expect this fund to yield advantageous returns, as Funds implements rigorous monitoring measures, reinforcing its commitment to quality and security in financial partnerships. Additionally, loans to Baree will be secured with corresponding installment receivables, ensuring robust safeguards are in place.
Upcoming Seminar
To further inform potential investors, Funds will host a seminar on April 7, 2026, from 8:00 PM to 9:00 PM. This session will outline the nature of the professional fund, discuss its advantages and the rationale for its established returns, and address any queries participants may have regarding the investment landscape.
Summary
Funds continues to position itself as a leader in the direct financing market through its partnerships and innovative financial products. The launch of 'Baree Mobility EC Fund #1' not only strengthens its presence in Korea but also emphasizes a strategic push for international growth within the mobility sector. As the landscape evolves, Funds is committed to offering unique opportunities for investors while nurturing valuable business relationships in emerging markets.