Asia-focused fintech startup Opn becomes Japan’s 5th unicorn after $120M funding

Opn founders: CEO Jun Hasegawa on right, COO Ezra Don Harinsut on left
Image credit: Opn

Tokyo- and Bangkok-based fintech startup Opn (formerly Omise, formerly Synqa) announced on Monday that it has secured $120 million US in a Series C+ round. Reuters reported that this round made the company become Japan’s 5th unicorn. A unicorn refers to a startup with a value of over $1 billion.

Investors in the latest round are JIC Venture Growth Investments, Mitsubishi UFJ Bank, and Mars Growth Capital (jointly operated by Mitsubishi UFJ Financial Group and Israel-based fintech company Liquidity Capital).

The startup was founded in 2013 by CEO Jun Hasegawa and COO Ezra Don Harinsut. Among disclosed funding updates, their previous round was made in June 2020 and secured $80 million from several Toyota Motor-affiliated companies and SCB 1OX, the startup investment arm of Siam Commercial Bank in Thailand.

Opn’s clients include Toyota Motor and Thai duty-free giant King Power. The company claims that it serves more than 7,000 merchants, mainly in Japan and Southeast Asia, including McDonald’s and Toyota Motor.

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