Notice Regarding the Full Acquisition of Credit Engine by PayPay Corporation

Tokyo, Japan, 1 November 2024 – Credit Engine Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Seiichiro Uchiyama, hereinafter referred to as "Credit Engine Group") hereby announces that PayPay Corporation (President & Representative Director, CEO, Corporate Officer: Ichiro Nakayama; Headquarters: Minato-ku, Tokyo, hereinafter referred to as " PayPay") and our shareholders, have decided that as of November 1, 2024, Credit Engine Group will become a wholly owned subsidiary of PayPay Corporation.

With our mission of "Transforming Lending, Transforming Borrowing.", Credit Engine Group will continue providing services to digitalize lending and debt collection operations. As a member of the PayPay Group, we will also aim for further business expansion.

About Credit Engine Group Co., Ltd.

Since its founding in 2017, with the mission of "Transforming Lending. Transforming Borrowing," Credit Engine Group has been a pioneer in the lending and debt collection industries. Leveraging on our expertise gained through our in-house lending and debt management operations, as well as our highly intuitive financial operation systems, we support the digitalization of financial services for both financial institutions and general business companies. By utilizing technology and data, we strive to solve the challenges of financial services and facilitate the smooth flow of money in society.

Overview of Credit Engine Group
Company Name: Credit Engine Group Co., Ltd.
Representative: CEO Seiichiro Uchiyama
Location: 7-15-7 Roppongi, Minato-ku, Tokyo
Established: January 10, 2020