Japan-based fintech startup Paidy has raised additional capital from existing investor Itochu Corporation as part of its extended Series C round.
The latest capital brings the total investment by Itochu Corporation in Paidy to USD 91 million. The corporate investor had previously participated in the Series B round in July 2016 and Series C round in July 2018.
Paidy had previously secured USD 143 million in funding as part of its extended Series C round in November 2019. The fintech has collected USD 281 million in equity and debt to date, according to a company statement.
Paidy is an online payment platform offering instant, monthly-consolidated payment virtual credit accounts for ecommerce consumers in Japan. The startup enables users to make a transaction by using email addresses and mobile phone numbers.
In November 2019, the company also launched buy now, pay later payments on Amazon Japan.
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