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Exchange Corporation

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Exchange Corporation (“ExCo”) is a nationally licensed Japanese Non-Bank Lender and Type II Financial Instruments company, based in Tokyo.

ExCo operates the AQUSH.JP peer-to-peer lending service for borrowers and lenders in Japan.

Recent Milestones

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  Exchange Corporation received () in Venture Round funding. (11/5/10)
  Posted 11/5/10 at 7:52pm via techcrunch.com
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  Exchange Corporation — Launched AQUSH.JP P2P Lending Platform (12/16/09)
  Posted 2/23/10 at 6:05pm
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  Exchange Corporation — Company Granted "PrivacyMark" by Japan Information Processing Development Corporation (JIPDEC), showing compliance with all relevant laws and regulations, including JIS Q 15001. (12/1/09)
  Posted 2/23/10 at 7:08pm
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  Exchange Corporation — Joined CIC Credit Bureau (10/1/09)
  Posted 2/23/10 at 6:05pm
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  Exchange Corporation — Analytics Agreement with FICO (9/1/09)
  Posted 2/23/10 at 6:04pm via fico.com
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  Exchange Corporation — Joined JICC Credit Bureau (8/1/09)
  Posted 2/23/10 at 6:04pm
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  Exchange Corporation received $617k in Seed funding. (3/1/09)
  Posted 2/23/10 at 6:07pm
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  Exchange Corporation — Type II Financial Instruments Dealer Registration: 関東財務局長（金商）第2149号 (3/1/09)
  Posted 2/23/10 at 6:01pm
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  Exchange Corporation — JFSA Membership: 日本貸金業協会　第005391号 (10/1/08)
  Posted 2/23/10 at 6:02pm
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  Exchange Corporation — Japanese National Non-Bank Lending License: 関東財務局長 (1) 第01460号 (8/1/08)
  Posted 2/23/10 at 6:00pm
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  Exchange Corporation received $579k in Seed funding. (3/1/08)
  Posted 2/23/10 at 6:07pm
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  Exchange Corporation — Company Founded (3/1/08)
  Posted 2/23/10 at 5:56pm

Videos

Screenshots

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Above: Exchange Corporation K. K. - Splash page
Uploaded: 2/24/10

Products

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Aqush

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Website	aqush.jp
Blog	aqush.jp/blog/aqush
Tags	social-lending, japan, tokyo, p2p-lending, peer-to-peer-lending

AQUSH.JP is a peer-to-peer lending platform in Japan, that connects people with extra money with people who want to borrow money. Returns available to lenders are much greater than other yen denominated fixed income investments, while the interest rates for borrowers are lower than from conventional moneylenders.

AQUSH matches lender funds with qualified borrowers using the following market mechanism:

– Lenders set their desired investment amount and interest rates from 4% to 15% for 5 classes of borrower credit risk, as denoted by an AQUSH Credit Grade: AA, A, B, C & D.

– Applicants are screened based on their credit histories, financial situation and FICO scores and qualified applicants are assigned an AQUSH Credit Grade. Each qualified applicant is offered a loan at the best possible interest rate based on a blend of the available lender funds at the time the offer is made.

AQUSH handles all legal documents, funds, credit and identity checks. Lenders are charged a fee of 0.125% of principle for each monthly repayment processed. Borrowers pay an upfront origination fee of 3% of the loan amount.

Above: AQUSH.jp - Splash page
Uploaded: 2/24/10

Videos

Above:

AQUSH.jp - Social lending (ソーシャルレンディング)

Sources

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3. Dave McClure’s 500 Startups Fund Invests In Tokyo-Based P2P Lending Service AQUSH (techcrunch.com) [edit]
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Exchange Corporation and FICO to Introduce FICO Scores to Social Lending in Japan at AQUSH.JP (fico.com) [edit]
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