Business

SYNQA rebrands to Opn, raises US$120M in Series C+ funding



Fintech firm SYNQA right now introduced that it has rebranded to Opn altogether with the announcement of their US$120 million Sequence C+ funding spherical.

The funding spherical included the participation of JIC Enterprise Progress Investments, MUFG Financial institution, and Mars Progress Capital. It brings the whole capital raised to over US$222 million so far.

In a press assertion, the corporate stated that it’s going to utilise the funding to proceed scaling its enterprise and increasing into new geographies.

The rebranding itself was launched to assist the corporate’s expanded strategic imaginative and prescient and world aspirations. It goals to “higher replicate the corporate’s strategic imaginative and prescient and daring objective of enabling entry to the digital financial system for everybody.”

The corporate additionally acknowledged that the brand new identify underscores its dedication to creating fee seamless and borderless for each individuals and companies.

Additionally Learn: Pocket energy: 27 private finance startups in SEA that can assist you handle cash

“We’re extraordinarily excited and proud to deliver on board this high-quality funding, permitting us to speed up the event of our core fee options, whereas additionally increasing into new territories inside our core markets of Southeast Asia and Japan and past,” stated Jun Hasegawa, CEO and Founding father of Opn.

“As we strategy 10 years since we began as a fee gateway firm, and now customised fintech options to assist companies develop, we’ve got continued to obsess over find out how to make fee ever extra seamless for each companies and the individuals they serve. By way of our fintech options, we’re realising our imaginative and prescient of enabling entry to the digital financial system for everybody.”

Based in 2013, Opn specialises in on-line fee, blockchain expertise for fintech functions and digital transformation options for Southeast Asia and Japan markets.

The Opn platform is powered by its fee infrastructure sister firm Omise Cost Holdings which gives one-stop on-line fee options.

Opn’s dad or mum firm SYNQA is among the first firms to obtain certification for its marketing strategy from Japan’s Ministry of Economic system, Commerce and Business (METI) via a ministerial program that began in August 2021, ensures private-sector loans for deep-tech enterprise firms.

Additionally Learn: Decision Ventures makes first shut of US$20M fintech fund, targets early stage startups

Underneath this programme, firms which have had their enterprise plans accepted by METI are capable of obtain loans from personal monetary establishments accepted by the METI. The loans are backed by the ministry’s Group for Small & Medium Enterprises and Regional Innovation of Japan (SMRJ).

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Picture Credit score: Opn

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