Fintech company SYNQA today announced that it has rebranded to Opn altogether with the announcement of their US$120 million Series C+ funding round.
The funding round included the participation of JIC Venture Growth Investments, MUFG Bank, and Mars Growth Capital. It brings the total capital raised to over US$222 million to date.
In a press statement, the company said that it will utilise the funding to continue scaling its business and expanding into new geographies.
The rebranding itself was introduced to support the company’s expanded strategic vision and global aspirations. It aims to “better reflect the company’s strategic vision and bold purpose of enabling access to the digital economy for everyone.”
The company also stated that the new name underscores its commitment to making payment seamless and borderless for both people and businesses.
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“We are extremely excited and proud to bring on board this high-quality investment, allowing us to accelerate the development of our core payment solutions, while also expanding into new territories within our core markets of Southeast Asia and Japan and beyond,” said Jun Hasegawa, CEO and Founder of Opn.
“As we approach 10 years since we started as a payment gateway company, and now customised fintech solutions to help businesses grow, we have continued to obsess over how to make payment ever more seamless for both businesses and the people they serve. Through our fintech solutions, we are realising our vision of enabling access to the digital economy for everyone.”
Founded in 2013, Opn specialises in online payment, blockchain technology for fintech applications and digital transformation solutions for Southeast Asia and Japan markets.
The Opn platform is powered by its payment infrastructure sister company Omise Payment Holdings which provides one-stop online payment solutions.
Opn’s parent company SYNQA is one of the first companies to receive certification for its business plan from Japan’s Ministry of Economy, Trade and Industry (METI) through a ministerial program that started in August 2021, guarantees private-sector loans for deep-tech venture companies.
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Under this programme, companies that have had their business plans approved by METI are able to receive loans from private financial institutions approved by the METI. The loans are backed by the ministry’s Organization for Small & Medium Enterprises and Regional Innovation of Japan (SMRJ).
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Image Credit: Opn
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