BUSINESS
Our business model is based on achieving economic rationality while providing opportunities to those in mobility-related work.

In Southeast Asia, private banking plays a significant role as a financial intermediary. However, domestic banks across the region do not respond well enough to the strong need for finance in the communities they serve. One of the main causes behind this is the problem of “information asymmetry,” whereby financial institutions lack adequate information on borrowing firms and are faced with high costs for information gathering, resulting in lack of their access to finance. This is particularly the case for micro, small and medium enterprises (MSMEs), which play a crucial role in most economies, accounting for 97% of all enterprises in Southeast Asia.

This issue extends to all types of loans, including vehicle loans, whereby those in mobility-related work are not able to apply for vehicle loans and cannot own vehicles. Left with no choice, they end up renting cheap vehicles, which are typically old and bad for the environment.

Against this background, GMS aims to provide an opportunity for the unbanked, linking them with financial institutions and auto dealers. The unbanked will be able to access vehicle loans and will be able to own environmentally friendly and affordable vehicles.

Since we started our operations in the Philippines, we have been able to improve living standards of the unbanked, while taking into consideration the impact of vehicle emissions, and our story does not end here. Since opening a branch in the Philippines, we are now operating in Cambodia, Indonesia and Japan. In the future, we plan to expand further in ASEAN-member countries and beyond.

The Existing Social Issue

Number of people who people don't have access to finance including auto loans:
1.7 billion
people

According to the 2017 Findex Report, around 1.7 billion adults remain unbanked. Without a credit history, it is challenging for the unbanked to apply for loans and pass loan screenings. Further obstacles, such as lack of collateral, play a role in limiting financial access to underserved communities.

Left with minimal options, the unbanked who use a vehicle as a mean for work often pay to rent the vehicle, and the high rental fees take a significant percentage of their income without allowing them to build a credit history or own the vehicle.

In a conventional thinking, creditworthiness is how a lender determines the applicant’s ability to repay the loan. In following this logic, many workers who do not have creditworthiness but can pay the loan are left out of the picture.

Percentage of those who are denied for auto-loans

Philippines

  • Population 105,341,062
  • Economic growth rate 6.67%
  • Average age 24 years old

Cambodia

  • Population 16,323,953
  • Economic growth rate 6.9%
  • Average age 24 years old

Indonesia

  • Population 266,357,297
  • Economic growth rate 5.3%
  • Average age 28 years old

Vietnam

  • Population 96,356,744
  • Economic growth rate 6.6%
  • Average age 30 years old

Thailand

  • Population 68,415,739
  • Economic growth rate 3.87%
  • Average age 38 years old

India

  • Population 1,358,137,719
  • Economic growth rate 7.36%
  • Average age 27 years old

Our Business Model

FinTech Service

MCCS

Remote vehicle engine activation and deactivation through our patented IoT device (also known as MCCS).
*Patented

MSPF

Platform which enables
1) visualization/analysis of mobility data, and
2) connection with financial institutions/payment systems.
*Patented

Business Development

We analyze local needs of potential markets, and cooperate with various financial institutions, auto dealers, and external stakeholders to provide affordable vehicle loans and environmentally-friendly vehicles.

Intellectual Property

Since its establishment, GMS has been developing its own technologies and has obtained patents of high importance from both mobility and finance perspectives. In addition, we are acquiring rights not only for our existing businesses but also globally in anticipation of future business scale. In recognition of these efforts, we received the Encouragement Award at the 2nd IP BASE AWARD in March 2021. In addition, we have been certified as a partner of WIPO GREEN, a platform encouraging green technology of the United Nations.

Our Business Scheme

By connecting financial institutions with auto dealers and external stakeholders, we provide services to those who need access to finance and are unable to pass conventional loan assessments.

Comparison with Conventional Services

We use the Internet of Things (IoT) technology to open new opportunities for the unbanked and those without credit history or collateral. The key innovation is that drivers become able to access auto-financing without collateral by using our patented IoT device (also known as MCCS) that can safely deactivate the vehicle engine should the driver fail to repay on time. Additionally, through MCCS, financial institutions can remotely access various mobility data, such as GPS coordinates, distance traveled, time traveled. This allows constant monitoring of borrowers and hence significantly reduces monitoring costs.
Through our Mobility Service Platform (or MSPF), financial institutions can access various mobility data and can limit any information disadvantage regarding working behavior—and hence they are able to offer loans those without credit history or collateral.

FinTech service with GMS

Once MCCS is installed, you will be able to get a loan.

If the monthly payment is not made, the vehicle will be remotely shut down and payment will be prompted.

If no payment is still not received, the vehicle is located and collected.

Conventional auto finance service

Our Solution

We provide "win-win" values for multiple actors

Loan/Lease Contractors

Can buy previously unaffordable vehicles

Better living standard

Financial institutions

Can minimize default risk by mitigating risks from those with poor credit scores

Increase in customer reach

Dealers

Can sell unsold cars

Increase in sales

Society

Can increase jobs and income for low-income households

Reduction of social disparity

User Success Testimonial

We believe in building a strong bond with our customers. We do this in several ways:

- We closely communicate with our customers and encourage them to contact us should they struggle to keep up with payments. We believe strong communication goes a long way and can prevent issues from happening.

- We hold recurring events to celebrate our customers and their progress in paying back their vehicle loans.

- Once the vehicle has been fully repaid, we provide other types of loans, such as housing and education loans, because we believe these are fundamental in improving living standards.

Our Partners

At GMS, we work closely with different stakeholders, including financial institutions, auto dealers, government agencies, etc., to ensure that our business model positively impacts each market we operate in. We continuously strive for innovation in line with our clients, stakeholders, and partners.

For Financial Institutions

GMS provides financing options to customers who, in the past, were unable to secure loans due to barriers caused by the traditional credit screening process.

For Automobile Dealers

By partnering with financial institutions and leveraging our FinTech services, we enable dealers to sell cars to customers who were unable to pass the credit screening process adopted by traditional financial institutions. Partnering with GMS will open new sales channels for you.

For Companies in Developing/Emerging Countries

GMS is currently making tremendous efforts in the Philippines, Cambodia, Indonesia, and other emerging countries by adapting to the needs of local customers. We are continuously developing the market by partnering with businesses based on our knowledge of local, cultural, and business practices by making use of our platform.
By pooling our knowledge and global intelligence, we are able to bring an innovative business model to the market.

For Mobility Data Service Providers

Our MSPF platform is designed to collect and analyze mobility data from vehicles equipped with MCCS in numerous countries. GMS is currently offering OpenAPI to companies that wish to make use of our Big Data collected from mobility vehicles to develop applications and services.

Business Partners

We cooperate with the stakeholders of each country to develop each business. Through our pursuit for innovation beyond industries, we work to create a society full of new values and perspectives for companies and groups including those engaged in finance, automobile, infrastructure, as well as administrations.

Are you interested in partnering up with us to make a difference in any of our existing offices (Philippines, Cambodia, Indonesia) or would like to discuss new market opportunities? We would like to hear from you!

  • Local government (market)

  • Service infrastructure

  • Finance

  • Consigned by the Japanese government

  • Automatic Payment