See the original story in Japanese.
Mobile payments startup Coiney and online shop builder Stores.jp — both of Japan — announced on Wednesday that the two companies have set up a stock holding company called Hey, in order to integrate their business operations. Yusuke Sato, Director of FreakOut Holdings (TSE:6094), and Naoko Samata, co-founder and CEO of Coiney, were respectively appointed President and Executive Vice President of this holding company.
Both Coiney and Stores.jp started their services back in 2012. Total volume transacted on these two platforms have grown 10 times in three years since their launch back in January of 2015. With the business merger, both companies will expand their target to small companies in rural areas of Japan and popular influencers such as merchants. We were told that the two platforms are planning to launch new services with the aim of helping merchants improve their business and service experience.
- Japanese mobile payments startup Coiney raises $7.1 million
- Japanese payments startup Coiney looks back on key metrics from its first year
- Japanese mobile payment startup Coiney starts selling its card reader on Amazon Japan
- Japanese mobile payments processor Coiney secures $8M in funding
- Japanese mobile payments processor Coiney raises $5M
- Japanese fashion commerce giant Zozotown acquires DIY shop startup Stores.jp
- How Stores.jp is helping small businesses in Japan come online
Via PR Times
Translated by Masaru Ikeda
Edited by “Tex” Pomeroy