Fundings & Exits / Startups / TC / e-commerce / finance / Fintech / Japan / Paidy

Japanese startup Paidy raises $55M Series C to let people shop online without a credit card

Posted On: Jul 12, 2018   |   Posted By: TechCrunch

Paidy , a fintech startup that enables Japanese consumers to shop online without using a credit card, announced today that it has raised a $55 million Series C. The round was led by Japanese trade conglomerate Itochu Corporation, with participation from Goldman Sachs.
The Tokyo-based startup says this brings its total funding so far to $80 million, including a $15 million Series B announced two years ago. One notable fact about Paidy's funding is that it's raised a sizable amount for Japanese startup, especially one with non-Japanese founders (its CEO and co-founder is Canadian and Goldman Sachs alum Russell Cummer, left in the photo above with CTO and co-founder Lee Smith).
Paidy was launched because even though Japan's credit card penetration rate is high, their usage rate is relatively low , even for online purchases. Instead, shoppers pay cash on delivery or at convenience stores, which function as combination logistics/payment centers in many Japanese cities.
This is convenient for buyers because they...

Continue reading ...

 








Galaxy S10 revealed with Galaxy Buds in leaked TV spot

Galaxy S10 revealed with Galaxy Buds in leaked TV spot

Samsung's Galaxy S10 reveal event is right around the corner, but the fact that it isn't until tomorrow means there's plenty of time left for another leak or two. This next... Read more ...

Qualcomm's new X55 modem promises to push 5G into the mainstream

Qualcomm's new X55 modem promises to push 5G into the mainstream

Back in 2016, Qualcomm announced the X50, its first 5G-capable modem. Paired with the company's recently announced Snapdragon 855 chipset, the X50 is set to usher in the 5G era... Read more ...

Razer Phone 2 Android Pie update nears, phone business in peril

Razer Phone 2 Android Pie update nears, phone business in peril

It has barely been half a year since Razer boasted about the success of its new smartphone venture which eventually led to the launch of the Razer Phone 2. But within those... Read more ...

T-Mobile rolling out Samsung Galaxy S8 Active update

T-Mobile rolling out Samsung Galaxy S8 Active update

Samsung Galaxy S8 Active owners, another software update is coming your way. T-Mobile recently began pushing a new update to its Galaxy S8 Active that bumps the phone to... Read more ...

Free Apex Legends Loot Pack Available On Amazon / Twitch Prime

Free Apex Legends Loot Pack Available On Amazon / Twitch Prime

A new freebie is now available for Twitch Prime members. For a limited time, players can claim a free loot pack for Respawn's newly released battle royale game, Apex Legends... Read more ...

Airstream and AT&T launch new 4G LTE system for camper trailers

Airstream and AT&T launch new 4G LTE system for camper trailers

Travel trailer company Airstream has teamed with AT&T to offer the carrier's 4G LTE data plans with its campers, the company has announced. Called Airstream Connected, the new... Read more ...

LG Q60, K50, K40 consumer-friendly phones lead the MWC 2019 march

LG Q60, K50, K40 consumer-friendly phones lead the MWC 2019 march

Just as it had promised, LG is bringing the full force of its smartphone army to MWC 2019 next week. For the first time, it will be presenting new models across all its tiers... Read more ...

Listen up, Apple: This is our wishlist for the 16-inch MacBook Pro

Listen up, Apple: This is our wishlist for the 16-inch MacBook Pro

A report emerged this weekend with rumors of a new Apple laptop lineup. If analyst Ming-Chi Kuo is right - and he's hands-down the most reliable source of information about... Read more ...

Google Unveiling Their Gaming Plans Next Month

Google Unveiling Their Gaming Plans Next Month

Google has long been rumored to want to dip its toes into the gaming industry at a level beyond their somewhat disconnected Android platform. Now it seems like the company is... Read more ...

Copyright Office Denies Alfonso Ribeiro's Application For The Carlton Dance

Copyright Office Denies Alfonso Ribeiro's Application For The Carlton Dance

Late last year, the subject of dances in Fortnite came to the forefront when multiple lawsuits against Epic Games and other publishers were filed. The argument was that Epic... Read more ...