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June 23, 2020

SYNQA lands US$80M in Series C funding round led by SCB 10X, SPARX Group

SYNQA, a Bangkok-based fintech company previously known as Omise Holdings, has raised US$80 million in Series C funding round today to deepen its footprint in the cashless society in Asia, according to a press statement.

SCB 10X and SPARX Group led the funding round. Other backers include Toyota Financial Services Corporation (TFS), Sumitomo Mitsui Banking Corporation (SMBC), SMBC Venture Capital (SMBCVC), Aioi Nissay Dowa Insurance Corporation (ADI) and other investors. The startup has now raised more than US$22 million.

The fresh capital will be used by the company to enhance its current platform and improve its enterprise solutions.

“This funding will allow us to accelerate the development of quality products and services by our subsidiaries to connect people, businesses and society better. I strongly believe technologies and innovation are crucial to building a more accessible financial infrastructure,” Jun Hasegawa, founder of SYNQA, said in a statement.

In addition to being a parent company of payments platform Omise, SYNQA also owns OMG Network, a scaling solution for finance on Ethereum.

Founded in 2015, SYNQA specialises in online payments and blockchain technology for fintech applications. With recent partnerships with SCB 10X, SPARX, TFS, SMBC, SMBCVC and ADI, the company hopes to support and improve digital transformation in Asia.

The company currently has more than 140 employees spread across offices in Bangkok, Tokyo, Singapore, and Jakarta.

Source

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