Payment Firm Opn Secures USD 120M Series C+ Funding to Power Growth

Opn announced today that it raised a total of USD 120M in Series C+ funding from JIC Venture Growth Investments Co., Ltd. ("JIC VGI"), MUFG Bank, Ltd. ("MUFG Bank") and Mars Growth Capital ("Mars Growth").

This brings the total capital raised to over USD 222M to date, placing it in a robust position to continue developing its innovative services and products for people and businesses of all sizes.

Opn, the leading one-stop payment and embedded fintech solutions company from Southeast Asia and Japan, will utilize the funds to continue scaling its business and expanding into new geographies.

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Jun Hasegawa, CEO and Founder of Opn, said: "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. As we approach 10 years since we started as a payment gateway company, and now customized fintech solutions to help businesses grow, we have continued to obsess over how to make payment ever more seamless for both businesses and the people they serve. Through our fintech solutions, we are realizing our vision of enabling access to the digital economy for everyone."

Along with the fundraising, Opn, previously under the brand SYNQA, also announced the launch of its corporate rebranding in order to support its expanded strategic vision and global aspirations.