Paidy secures new funding from existing investor Itochu

Monday 13 April 2020 15:14 CET | News

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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Keywords: Japan, fintech, Paidy, Itochu, online payment, transaction, payments
Categories: Payments & Commerce
Countries: Japan
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