Opn, an Tokyo as well as Bangkok-based digital payment and blockchain tech company which was previously called Synqa it has raised $120m through the series C+ round that will make it a unicorn-like startup in Japan. The funding round was arranged by Nussey-Reuters Investment Management Co. and valued the company to be worth more than $1 billion.
The capital rise will increase the scope of Opn’s products and global reach. The company, which has over 9 million customers across Japan as well as Southeast Asia, plans to make use of the money to develop new and innovative products to satisfy the demands of its ever-growing customers.
In this Series C+ round, NusseyReuters Investment Management Co Ltd. will join the board of Opn to benefit determine the future direction of strategies and product development. They are also in talks about the possibility of bringing in more Strategic investors who will aid its growth plans.
Opn Chief Executive Officer Kazuhiro Fukushima stated: “We are excited to be able to have Nussey Reuters Investment Management Co Ltd. as our partner to further help us accelerate our growth plans. Our goal is to become the leading payment and blockchain company to businesses, individuals and government agencies across Asia. The funding will benefit us accomplish the goal.”
This Series C+ round increases Opn’s total investment at $220 million in the time since the start of its journey on the 1st of December in the year 2018. The company believes that this funding will enable them to develop and create cutting-edge technology that will enhance the future of payment and blockchain.
With this latest capital investment, Opn is well-positioned to be a leader in digital payments providing world-class services to customers from all over Asia. Opn plans to utilize this money to increase its offerings in terms of products and its international presence to provide an exceptional customer experience and create long-term value for its shareholders.
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Opn which was previously Synqa Opn, formerly Synqa blockchain and payment technology company which has recently been a unicorn company in Japan. Opn received $120 million from the Series C+ round of funding to further expand its offerings and expand its global reach to give services to customers throughout Asia. With this funding round, Opn is well-positioned to become a leader in digital payments and deliver long-term value to its investors.
