Collaboration in market development and system development in the post-COVID era

 

STANDAGE Co., Ltd. (Minato-ku, Tokyo; CEO: Akinori Adachi; hereinafter "Standage"), which develops and provides digital trade platforms, has entered into a capital and business alliance with AirTrip Co., Ltd. (Head office: Minato-ku, Tokyo; CEO and CFO: Hiroaki Shibata; Stock code: 6191; hereinafter "AirTrip"), which uses the power of IT to provide AirTrip travel services, IT offshore development services, inbound travel services, Wi-Fi rental services, media services, investment services (AirTrip CVC), regional revitalization services and cloud services, with funding from the investment business (AirTrip CVC) of AirTrip Co., Ltd. Standage provides a trade-focused package service called "DigiTrad" for small and medium-sized enterprises, and by collaborating with AirTrip, it will strengthen its ability to develop sales channels.

 

■ Background and details of the partnership

Standage was founded in 2017 and has been developing various products related to digital transformation in the trading industry, including an international trade settlement system that utilizes blockchain and digital currency. In addition, from 2022, we will provide a trade package service called "DigiTrad" for small and medium-sized enterprises aiming to enter the export business, and we are working to contribute to the overseas expansion of domestic companies, regional revitalization, and the expansion of Japan's exports.

When a company that DigiTrad supports in exporting sells its products overseas, it must send samples to the local area and conduct market and competitive research in advance. The information obtained at this time must be accurate and up-to-date, and in cases where the company does not have a base in that area, employees must travel to the local area or outsource the work to a local partner company.

AirTrip, the travel site operated by AirTrip, is one of the largest in the travel industry in Japan. As we enter the post-COVID era, demand for overseas travel and business trips is steadily recovering. Through this partnership, we will continue to discuss measures to strengthen Standage's overseas sales channel development capabilities and enable real-time and multifaceted access to local market information.

In addition, AirTrip, which has been an industry leader in the travel and IT industry, and Standage, a startup that employs its own engineers and has accumulated know-how in blockchain and system development, will bring together their respective knowledge and expertise to advance discussions to create new initiatives and businesses.

■About AirTrip

Founded in May 2007. Listed on the Tokyo Stock Exchange Mothers in March 2016, and changed to the First Section of the Tokyo Stock Exchange the following March 2017. In May 2018, DeNA Travel Co., Ltd. (now AirTrip International) became a wholly owned subsidiary.

Currently, the company operates seven pillars: AirTrip travel business, IT offshore development business, inbound travel business/Wi-Fi rental business, media business, investment business (AirTrip CVC), regional revitalization business, and cloud business. AirTrip travel business, which has been the company's core business since its founding, sells travel materials, mainly through the operation of the comprehensive travel platform "AirTrip."

◇ "AirTrip" official service website:https://www.airtrip.jp/

• Established: May 2007
• Representative: President and CFO: Yusuke Shibata
• Capital: 1,579,500,000 yen (paid-in capital: 3,486,150,000 yen) <As of the end of May 2023>
• URLhttps://www.airtrip.co.jp/

 

■About Standage

Established in March 2017. Opened an office in Nigeria in December of the same year, and established local subsidiaries in Kenya, South Africa, and Egypt in 2021. Provides "Digitrad," a comprehensive digital trade service that can complete all trade operations, from matching trade sellers and buyers to payment, financing, and cargo delivery. For payments with emerging countries, it has developed a safe, inexpensive, and fast payment system using blockchain and crypto assets. By combining trading company functions with tech, it aims to create a society in which domestic small and medium-sized enterprises are seamlessly connected to the rest of the world.

◇"DigiTrad" service official website:https://standage.co.jp/digitrad

Established: March 2017

Representative: President and CEO Akinori Adachi

Capital: 608,568,500 yen (including capital reserve of 302,782,500 yen)

URLhttps://standage.co.jp/