Line acquires Japanese payment startup WebPay



See the original story in Japanese.

Line Pay, the payments solution-focused subsidiary of Japanese messaging company Line, has agreed to buy out Tokyo-based WebPay Holdings [1] in order to accelerate Line Pay’s business expansion.

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WebPay provides a Stripe-compatible payment processing solutions for e-commerce, web services, and mobile developers in Japan. The company raised 110 million yen (about $1.1 million) from CyberAgent VenturesArchitype, and GMO Payment Gateway in February 2014.

Meanwhile, Line Pay was launched by Line to provide payment solutions for Line’s affiliated services, third-party services, and real-store retailers. Line wants to improve usability and enhance functions of the payment solution by leveraging the expertise under WebPay’s belt.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy

  1. Previously known as FluxFlex