By The Nation weekend
The investment was led by Japan’s largest private venture capital fund, Global Brain, with participation from 31VENTURES, the CVC arm of Mitsui Fudosan, one of the largest real-estate developers in the country, and returning Indonesian venture capital fund SMDV.
Global expansion is a key growth driver for businesses around the world, yet financial transactions are being processed by legacy platforms built on infrastructures that are not geared to support global commerce needs. As global commerce and population movement grows, the ability to conduct payments anytime and anywhere becomes a necessity.
To provide payments in an increasingly borderless world, a financial infrastructure that can be accessed globally is needed.
This undisclosed funding brings in additional financial support, notes a press release from the firm. More importantly, it notes, the funding develops connections with strategic partners to strengthen the reach of the financial infrastructure currently in the development phase by entities under Omise Holdings, Omise payments, OmiseGO and GO.Exchange.
“We are excited our investors have affirmed their continued support for Omise with their contribution to this latest funding,” said Jun Hasegawa, CEO and founder of Omise. “Today’s announcement with industry leaders like Global Brain, 31VENTURES and SMDV is another solid step further on our path of developing a new payments infrastructure. We look forward to engaging in broader partnerships and opportunities to tap into Japan’s evolving market.”