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Wednesday, May 8, 2024

Digital Payments Firm Opn Becomes Japan’s Newest Unicorn After Raising $120 Million

Japan’s Opn said on Tuesday that it has secured $120 million in Series C+ funding, making it one of the few unicorns to emerge from Japan. The company says it will use the funds to scale up its business and expand to new countries.

“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,” Jun Hasegawa, founder and CEO of Opn said in a statement.

The latest funding came from investors such as JIC Venture Growth Investments, MUFG Bank, and Mars Growth Capital. Opn has…

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