Mobile payments startup Coiney and e-shop builder merged to share client base

L to R: Hey’s executive team – Ayana Tsukahara, Naoko Samata, Yusuke Sato, Yusuke Mitsumoto

See the original story in Japanese.

Mobile payments startup Coiney and online shop builder — 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 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.

Via PR Times

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy