Infcurion raises JPY 1.9bn and partners with Hokkoku FHD & JR West
Infcurion has raised a total of 1.9 billion yen through a third-party allotment of shares to QR Investment, JR West Innovations, Shizuoka Capital, and S Ventures, as well as loans from financial institutions such as Japan Finance Corporation and Shizuoka Bank.
In conjunction with the investments from QR Investment and JR West Innovations, Infcurion will also enter into a capital and business alliance with Hokkoku Financial Holdings and the JR West Group in the FinTech field.
In recent years, digitalization has been accelerating in various fields, leading to the integration of services that support daily life and corporate activities with financial services. This has resulted in the creation of new services that transcend the boundaries between finance and non-finance.
As an enabler of FinTech businesses that combine payments, finance, and technology, Infcurion has been providing next-generation payment platform services, consulting, and payment-related solutions for stores and businesses. In addition, in recent years, Infcurion has been co-creating unprecedented services that integrate finance and non-finance sectors as a thought leader in Embedded Finance.
With this fundraising, Infcurion will secure working capital for business expansion and further enhance its platform strengths. The company will also participate in JR West Group’s new payment service “WESTER Wallet (tentative name)” and further expand its functions in the BtoC payment field. Additionally, Infcurion will strengthen product development in the rapidly growing BtoB field and the acquiring field with Hokkoku Financial Holdings, as announced earlier, as well as enhance its recruitment efforts to achieve further growth.
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