ガレージバンク株式会社

What it does

"Garage Bank Co., Ltd. is a startup established in January 2020 with a mission to empower the value of goods through collective effort. By fairly evaluating the value of items and providing immediate funding, Garage Bank aims to facilitate a seamless transition from ownership to usage, offering a new form of individual finance that does not rely on credit information. Their flagship service, "CASHARi," is a consumer sale and leaseback service that leverages the value of goods for financing. Users can easily assess the value of items such as fashion accessories and electronic gadgets through a simple app operation, enabling instant monetization. CASHARi eliminates the need for face-to-face interactions or item shipments, with all procedures completed online. Users can receive funds via bank transfer or opt for cash withdrawal at Seven Bank ATMs without the need for a bank account. Unlike traditional lending, CASHARi allows users to continue using their items by paying a lease fee, without the need to sell them. The service does not require credit checks based on personal information such as occupation or income, offering a unique financial solution. Since launching the open beta in November 2020, Garage Bank is continuously validating its business model and enhancing the user experience of CASHARi."