Opn which is digital payment processor company, raised $120 million in series C+ and become startup worth more than $1b. Sam Nussey from Reuters also explained this story. Funding has important role in the growth of any startup. $120m funding is very good sign for the Opn which before known as Synqa. Let’s check this story on Tokyo Bangkokbased Opn 120m Series 1b Nusseyreuters.
Main investors of this funding series were Mitsubishi UFJ Financial Group, Japan Investment Corporation, and Tech investor Mars Growth Capital.
Opn is a worldwide corporation that offers fintech products and solutions to customers worldwide. The name Opn represents our core values and principles, which revolve around creating a world where anyone can have access to the digital economy. The company goal is to assist businesses in integrating advanced financial technologies and unite our users through the Opn product ecosystem.
Main products of Opn are online transactions related like accept payments, send payouts, sell online and digital touchpoints. Currenly in 2023, company has offices in Tokyo, Bangkok, Singapore, Hanoi, Jakarta, and Kuala Lumpur .
Toyota Motor Corp and Siam Commercial Bank are also investors of Opn. In this fundraising Opn became Unicorn.
In the end of 2021, below were the unicorn startups in Japan.
- Mercari: Mercari is a marketplace app that allows users to buy and sell secondhand goods. It was founded in 2013 and became a unicorn in 2016. As of September 2021, it had a market capitalization of over $10 billion.
- Preferred Networks: Preferred Networks is an artificial intelligence company that develops deep learning technologies for a variety of industries. It was founded in 2014 and became a unicorn in 2017. As of September 2021, it had a valuation of over $4 billion.
- BitFlyer: BitFlyer is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. It was founded in 2014 and became a unicorn in 2017. As of September 2021, it had a market capitalization of over $1 billion.
- Freee: Freee is a cloud-based accounting software provider for small businesses. It was founded in 2012 and became a unicorn in 2019. As of September 2021, it had a market capitalization of over $3 billion.
- Preferred Networks: Preferred Networks is an artificial intelligence company that develops deep learning technologies for a variety of industries. It was founded in 2014 and became a unicorn in 2017. As of September 2021, it had a valuation of over $4 billion.
Currently in 2023, below are the unicorn startups in Japan.
- Preferred Networks.
- SmartNews.
- SmartHR.
- Triple-1.
- Spiber.
- TBM.
- Clean Planet.
- Liquid Group.
Sam Nussey from Reuters highlighted this story. Sam Nussey is a technology journalist who covers the Asian technology industry for the news agency Reuters. Based in Tokyo, Japan, he writes about the latest developments and trends in the technology sector, including topics such as mobile devices, telecoms, e-commerce, and artificial intelligence.