Tokyo, Japan-based Exchange Corporation K.K., the provider of Paidy, a cardless e-commerce payment and instant credit service, closed a US$3.3m Series A funding.
The round was led by Arbor Ventures, CyberAgent Ventures and Recruit Strategic Partners with participation from existing investors 500 Startups and Cherubic Ventures.
The company will use the funding for product development, new hires, marketing and the expansion of the Paidy merchant network.
Founded in in 2008 by Russell Cummer, president, Paidy provides a solution for consumers to pay at online stores that does not require a credit card or pre-registration. Optimized for mobile and instant-checkout, it allows them to buy online using only their name and email address.
ExCo also offers AQUSH, Japan’s largest peer-to-peer exchange for consumer loans.
FinSMEs
29/06/2014