Omise’s Parent Firm SYNQA Raises US$ 80M in Funding Round Led by Siam Commerical Bank’s VC Arm

Omise’s Parent Firm SYNQA Raises US$ 80M in Funding Round Led by Siam Commerical Bank’s VC Arm

by June 23, 2020
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Thailand-based fintech company SYNQA, formerly Omise Holdings, announced that it has raised $80 Million in Series C funding led by SCB 10X Co., Ltd. (SCB 10X) and SPARX Group Co., Ltd. (through its Mirai Creation Fund II). The round was joined by Toyota Financial Services Corporation (TFS), Sumitomo Mitsui Banking Corporation (SMBC), SMBC Venture Capital (SMBCVC), Aioi Nissay Dowa Insurance Corporation (ADI) and other investors.

By using this funding to provide enhanced enterprise solutions and products supporting the digital transformation of businesses, SYNQA seeks to deepen its footprint in the cashless societies in Asia. In times of social distancing, fintech infrastructure such as payment gateways are key tools in performing day to day financial transactions in a fast, secure and convenient manner.

Jun Hasegawa

Jun Hasegawa

“I’m very excited to announce this funding round and new partnerships. Despite these challenging times, I see a lot of opportunities in accelerating digital payments and digital transformation for enterprises. This funding will accelerate the development of quality products and services by our subsidiaries to better connect people, businesses and society. I strongly believe technologies and innovation are crucial to building a more accessible financial infrastructure,”

said Jun Hasegawa, founder and CEO of SYNQA.

 

Its subsidiary, Omise, has been operating a payment gateway business since 2013, providing the necessary tools for merchants to run their payments online and accept payments. They said that this funding will allow Omise to add more capabilities to their services and technology stack to enhance the value proposition to merchants and businesses in Asia.

Arak Sutivong

Arak Sutivong

“We are delighted to participate in this investment round and partner with SYNQA. This strategic partnership further strengthens the relationship between our two organizations. We believe that together we will bring forward innovations and new services to help enterprises transform and thrive in the digital future,”

said Dr. Arak Sutivong, CEO of SCB 10X.

Featured image: Jun Hasegawa, founder and CEO of SYNQA, via Medium

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