Net Protections, Inc. (headquartered in Chiyoda-ku, Tokyo; CEO: Shin Shibata; “Net Protections”) is pleased to announce that its BtoB BNPL service, NP Kakebarai, has been certified as a tool that is eligible for subsidization.
Companies eligible for the IT introduction subsidy 2023 can receive subsidies for up to two years for a portion of the introduction cost of NP Kakebarai.
About NP Kakebarai
NP Kakebarai is a BtoB Buy Now Pay Later (BNPL) service that guarantees risk-free transactions and streamlines the complicated billing/payment process between merchants and customers through credit screening, billing, collection, payment confirmation, and payment reminders. With NP Kakebarai, businesses can outsource and digitally transform the whole billing process, thus it is able to reduce unnecessary operations and boost productivity. In addition, NP Kakebarai's sophisticated credit screening system which does not rely on the traditional Credit Bureau, accurately detects delinquency risk while maintaining 99% approval rate*1, thus merchants can easily handle SMEs, even individual businesses while preventing risks. Therefore, it contributes to merchants’ sales increase and market expansion, also improvement of cash flow for clients for its flexible payment deadline.
NP Kakebarai was selected as a “digitalization platform introduction framework (digitalization platform introduction type)” tool under the IT Introduction Subsidy 2023 program as a payment solution that supports streamlining of operations related to BtoB transactions in compliance with the Japanese Invoice System and improvement of sales. NP Kakebarai will continue to contribute to an environment in which all stakeholders can more freely take on challenges and grow by providing services that appropriately comply with the legal system, support operational efficiency, promote digital transformation, and boost business growth of the customers who use its services.
For further information regarding NP Kakebarai: https://np-kakebarai.com/(Japanese only)
※1）As of March 31 2023
About IT Introduction Subsidy 2023
IT Introduction Subsidy 2023 is a subsidy program for small and medium-sized enterprises and small businesses promoted by the Ministry of Economy, Trade and Industry. When eligible companies introduce IT tools corresponding to their challenges and needs, the government subsidizes a portion of the costs to support them in streamlining their operations and increasing sales.
Visit the official IT Introduction Subsidy 2023 website (https://www.it-hojo.jp/first-one/) for details on the eligibility requirements and application method for the IT Introduction Subsidy.
About Net Protections, Inc.
Net Protections, Inc. is a pioneer of Buy Now Pay Later (BNPL) services in Japan. In 2002, Net Protections launched its first service, NP Atobarai, a BNPL that guarantees risk-free transactions for businesses and provides a deferred payment for customers in Japan for the first time. NP Atobarai is used by numerous enterprises with over 15 million users (※2) and has surpassed 340 million transactions as of March, 2022. In 2011, Net Protections released NP Kakebarai, a BNPL service for BtoB. NP Kakebarai has grown 130% yearly and played a role as the dominant BtoB payment service in Japan. In 2017, Net Protections launched atone, BtoC BNPL service that can be used at not only e-commerce, but also digital content and physical retailers. In 2018, Net Protections released AFTEE, BtoC BNPL service in Taiwan. Net Protections has accumulated transaction data and knowledge since its first service launched, which has enabled it to build a sophisticated credit screening system and solid operation skills. Net Protections always pursues creating a society where everyone can do business safely and easily.
【Company Name】
Net Protections, Inc.
(Net Protections Holdings, Inc.[Code: 7383, Prime Market of Tokyo Stock Exchange] Group)
【Representative】
Shin Shibata, CEO
【Website】
https://corp.netprotections.com/en/
【Services】
BtoC e-commerce Buy Now Pay Later (BNPL) service, NP Atobarai
BtoB BNPL Service, NP Kakebarai
BtoC BNPL service for on-site services, NP Atobarai air
BtoC cardless BNPL service, atone
BtoC BNPL Service in Taiwan, AFTEE
Point reward program, NP Point Club
【Founded】
January, 2000
【Capital】
JPY 100 million
【Head Office】
SUMITOMO FUDOSAN KOJIMACHI FIRST BUILDING 5F, 4-2-6 Kojimachi, Chiyoda-ku, Tokyo 102-0083 Japan
※2) The number of individual unique users of NP Atobarai based on the matching of duplicative names and phone numbers between April 1, 2021 to March 31, 2022"
Direct any inquiries regarding this release to:
Net Protections PR
Email: pr@netprotections.co.jp
