Tokyo Synqa 120m c 1b Nusseyreuters
Opn, a Tokyo- and Bangkok-based digital payments and blockchain tech provider, formerly known as Synqa, has raised $120 million in a Series C+ round to become a unicorn startup in Japan. The funding round was led by Nussey Reuters Investment Management Co Ltd., valuing the company at more than $1 billion.
The new capital will further expand Opn’s product offerings and global presence. The company, which currently serves over 9 million customers in Japan and Southeast Asia, plans to use the funds to launch more innovative solutions to meet the needs of its growing customer base.
As part of the Series C+ round, NusseyReuters Investment Management Co Ltd. will join Opn’s board to help guide future strategy and product development. The company is also talking about bringing on additional strategic investors to support its growth initiatives.
Opn CEO Kazuhiro Fukushima said: “We are excited to have Nussey Reuters Investment Management Co Ltd. as a partner to accelerate our ambitious growth plans. Our mission is to be the premier payments and blockchain provider for individuals, businesses, and governments across Asia. This funding will help us to achieve that goal.”
The Series C+ round brings Opn’s total funding to $220 million since its founding in 2018. The company believes this investment will enable them to innovate and develop cutting-edge technology to power the future of payments and blockchain.
With this new funding, Opn is well-positioned to become a digital payment leader, offering world-class solutions to customers across Asia. The company plans to use this capital to expand its product offerings and global presence further to deliver an excellent customer experience and drive long-term value for its investors.
This article was written by an independent contributor to provide general information and is not intended as a substitute for professional advice. Please consult with your legal, financial, or other advisors before making any decision. Open does not endorse any third parties referenced in this article.
This article was issued to provide information to the public and should not be relied upon to make business decisions. Opn does not guarantee any performance or results obtained from using this information. Opn bears no responsibility for any losses, damages, costs, or other consequences resulting directly or indirectly from reliance upon this information.
There is neither an offer to buy nor a solicitation of an offer to sell any securities in this article.. Any offer to purchase will be made only through a confidential offering memorandum to qualified investors and subject to all applicable laws and regulations. . Please consult your legal and financial advisors to determine if such an investment suits you.
Opn, formerly Synqa, is a digital payment and blockchain technology provider that has recently become a unicorn startup in Japan. The company raised $120 million in its Series C+ funding round to continue to expand its product offerings and global presence to serve customers across Asia. With this new funding, Opn is well-positioned to become a digital payment leader and drive long-term value to its investors.
