ABEJA signed a memorandum of understanding with Singapore-based Lyte Ventures. The two companies plan to create a joint venture in Japan's real estate sector. They will also jointly develop an AI credit screening system for the venture.
Joint venture plans
The planned venture will target funding needs tied to real estate transactions. Those include brokerage commissions, rent payments, and tenant security deposits. ABEJA will provide technology and local partnership support, and Lyte will handle service design and risk management.
Company background
ABEJA runs an enterprise AI platform in Japan. Lyte provides real estate finance services in Singapore, Malaysia, Australia, and New Zealand. Its products include LytePay for agent commission advances and LyteLease for landlord rent advances.
How the system works
The planned AI credit screening system will combine ABEJA's platform with Lyte's credit infrastructure. It will use a human-in-the-loop design that mixes AI reviews with expert judgment. The partners expect it to support credit hypotheses, screening criteria, and post-loan monitoring.
The companies aim to finalize the business scope, service design, and joint venture structure by the end of March 2027. They are also discussing a possible strategic investment by ABEJA in Lyte. The plans remain subject to further talks, approvals, and final agreements.