The round for the Omise Network parent company was led by SCB 10X and SPARX Group.
SYNQA, Omise’s Thailand-based parent company, announced on June 22nd that it has raised $80 million in a Series C funding round. Omise is the firm responsible for the creation of Omise and the OMG Network, an Ethereum-based cryptocurrency asset and value transfer network formerly known as OmiseGO.
According to an announcement on SYNQA’s website, the round was led by SCB 10X and SPARX Group. Among others, Toyota Financial Services Corporation, SMBC Venture Capital (SMBCVC), Aioi Nissay Dowa Insurance Corporation (ADI), and Sumitomo Mitsui Banking Corporation also participated.
SYNQA claims that Omise, its subsidiary company, has been “leading the payment gateway business” in Asia since 2013
SYNQA, which was formerly known as Omise Holdings, says that it will use the money to “deepen its footprint in the cashless societies in Asia.”
The announcement of the fundraising explained that during times when social distancing is necessary, payment gateways and other pieces of fintech infrastructure are highly important tools for “day-to-day- financial transactions.”
Jun Hasegawa, founder and chief executive of SYNQA, also commented that he sees “a lot of opportunities in accelerating digital Payments and digital transformation for enterprises
“This funding will accelerate the development of quality products and services by our subsidiaries to better connect people, businesses, and society. I strongly believe technologies and innovation are crucial to building a more accessible financial infrastructure,” he said.
SYNQA claims that Omise, its subsidiary company, has been “leading the payment gateway business” in Asia since 2013. According to the announcement, the funding raised in this Series C round “will allow Omise to add more capabilities to their services and technology stack to enhance the value proposition to merchants and businesses in Asia.”
The announcement also explained that the funding round solidifies partnerships between SYNQA and SCB 10X, SPARX, TFS, SMBC, SMBCVC, and ADI and their use of SYNQA subsidiaries’ technologies, including Omise and the OMG Network.
The price of OMG tokens has maintained levels between the $1.60-$1.90 range since May 23rd, 2020, when it reached a temporary peak of $1.93. For most of the year preceding that point, OMG fluctuated between $0.76 and $1.30, bottoming out at $0.41 in March of this year.
SYNQA, Omise’s Thailand-based parent company, announced on June 22nd that it has raised $80 million in a Series C funding round. Omise is the firm responsible for the creation of Omise and the OMG Network, an Ethereum-based cryptocurrency asset and value transfer network formerly known as OmiseGO.
According to an announcement on SYNQA’s website, the round was led by SCB 10X and SPARX Group. Among others, Toyota Financial Services Corporation, SMBC Venture Capital (SMBCVC), Aioi Nissay Dowa Insurance Corporation (ADI), and Sumitomo Mitsui Banking Corporation also participated.
SYNQA claims that Omise, its subsidiary company, has been “leading the payment gateway business” in Asia since 2013
SYNQA, which was formerly known as Omise Holdings, says that it will use the money to “deepen its footprint in the cashless societies in Asia.”
The announcement of the fundraising explained that during times when social distancing is necessary, payment gateways and other pieces of fintech infrastructure are highly important tools for “day-to-day- financial transactions.”
Jun Hasegawa, founder and chief executive of SYNQA, also commented that he sees “a lot of opportunities in accelerating digital Payments and digital transformation for enterprises
“This funding will accelerate the development of quality products and services by our subsidiaries to better connect people, businesses, and society. I strongly believe technologies and innovation are crucial to building a more accessible financial infrastructure,” he said.
SYNQA claims that Omise, its subsidiary company, has been “leading the payment gateway business” in Asia since 2013. According to the announcement, the funding raised in this Series C round “will allow Omise to add more capabilities to their services and technology stack to enhance the value proposition to merchants and businesses in Asia.”
The announcement also explained that the funding round solidifies partnerships between SYNQA and SCB 10X, SPARX, TFS, SMBC, SMBCVC, and ADI and their use of SYNQA subsidiaries’ technologies, including Omise and the OMG Network.
The price of OMG tokens has maintained levels between the $1.60-$1.90 range since May 23rd, 2020, when it reached a temporary peak of $1.93. For most of the year preceding that point, OMG fluctuated between $0.76 and $1.30, bottoming out at $0.41 in March of this year.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Coinbase Faces Another Class Action Lawsuit: Investors Allege Illegal Offerings
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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