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      <p><strong>TOKYO – May 10, 2022</strong> – SYNQA Co., Ltd. (“SYNQA”), the parent company of Omise Payment Holdings (“Omise”) and OPN Co., Ltd., announced today that it will be rebranding into “Opn” to better reflect the company’s strategic vision and bold purpose of enabling access to the digital economy for everyone. The new name underscores the company’s commitment to making payment seamless and borderless for both people and businesses.</p>

<p>“Enabling access means not only helping merchants by providing a one-stop payment solution, but also helping people by allowing them to easily connect to the online world,” said Jun Hasegawa, CEO and Founder of Opn. “At Opn, we understand that people’s daily lives revolve around payment, and the digital touchpoints that we are creating allow people and businesses to carry out their transactions seamlessly. With this rebranding to Opn, we are renewing our commitment to developing innovative fintech solutions by focusing on the customer experience and working our way backwards to relieve pain points.”</p>

<img src="/assets/blogs/rebranding/rebranding-cover.jpg" />



<p>Opn today also announced that it raised a total of USD 120M in Series C+ funding from a group led by JIC Venture Growth Investments Co., Ltd., MUFG Bank, Ltd., and Mars Growth Capital. (Refer to press release titled: <a href="https://opn.ooo/en/news/opn-announce-series-c-funding">“Opn Announces USD 120M Series C+ Funding Led by JIC VGI, MUFG Bank and Mars Growth.”</a>)</p>

<p>Opn has evolved to offer products and services beyond traditional finance and online payment. Through its robust payment infrastructure platform that has a successful track record in Southeast Asia and Japan, it has helped thousands of merchants of all sizes grow their businesses. Opn’s real-world touch points complement its widely-used payment platform by expanding opportunities for people and businesses.</p>

<p>“The new Opn represents our expanded vision starting today. We are a full funnel fintech platform which enables everyone to bypass the difficult to navigate payment experience that exists today,” said Hasegawa.</p>

<p>“Our solutions also support borderless commerce, so it’s only in our nature to continue to expand into new territories and enable customers beyond our core markets of Southeast Asia and Japan to use our platform. As we approach 10 years since our establishment, we remain committed more than ever to provide the world with more seamless economic activity by delivering products that are frictionless.”</p>

<p>The timing of the rebrand coincides with the significant transformation taking place across the organization, which has grown to nearly 500 talented associates serving our more than 7,000 merchants across six countries<sup>1</sup>. Opn has also launched a renewed website<sup>2</sup>, which provides an enhanced experience for stakeholders and will incorporate customer onboarding in the future.</p>

<p>Opn recently launched Opn Tag in Thailand, a platform for merchants such as restaurants and hotels that supports contactless payment and delivery through NFC<sup>3</sup> and QR code technology. Opn intends to launch several additional global services this year, including Opn Mint, allowing businesses to easily create NFTs for their brand, Opn Store, allowing people and businesses to create online stores with payment and fulfillment fully integrated<sup>4</sup>, and a digital wallet, allowing businesses to integrate eWallet onto their platforms to increase customer engagement.</p>


<h2>About Opn</h2>

<p>Opn, which was rebranded from SYNQA, is a company founded in 2013 with expertise in Asia. Opn specializes in online payment, blockchain technology for fintech applications and digital transformation solutions. Opn connects people, businesses and society in innovative ways that spread the wealth of financial opportunity and provide fair and open access to a growing economic ecosystem under its vision of enabling access to the digital economy for everyone. Opn is powered by its payment infrastructure sister company, Omise Payment Holdings, which provides one-stop online payment solutions. Its services are used by thousands of merchants and businesses around the world. Visit our website for more information: <a href="https://www.opn.ooo/">https://www.opn.ooo/</a></p>

<div class="foot-note">
  <ol>
    <li>Based on company data as of May 9, 2022</li>
    <li>
        Opn’s renewed website can be accessed at the following URL:
        <a href="https://www.opn.ooo/">https://www.opn.ooo/</a>
    </li>
    <li>
        Refers to Near Field Communication (NFC), which is a common feature on
        iOS and Android devices
    </li>
    <li>
        Fulfillment will only be available in Thailand at time of launch
    </li>
  </ol>

  <p>
    Note: Omise’s payment services will continue operating under the Omise name.
    Opn products and services are powered by Omise’ payment infrastructure.
  </p>
</div>

      

SYNQA Co., Ltd. (“SYNQA”), the parent company of Omise Payment Holdings (“Omise”) and OPN Co., Ltd., announced today that it will be rebranding into “Opn” to better reflect the company’s strategic vision and bold purpose of enabling access to the digital economy for everyone

SYNQA Rebrands to Opn to Support Strategic Vision and Accelerated Global Aspirations


      <p><strong>TOKYO – May 10, 2022 –</strong> Opn announced today that it raised a total of USD 120M in Series C+ funding from JIC Venture Growth Investments Co., Ltd.<sup>1</sup> (“JIC VGI”), MUFG Bank, Ltd. (“MUFG Bank”)<sup>2</sup> and Mars Growth Capital (“Mars Growth”)<sup>3</sup>.</p>

<p>This brings the total capital raised to over USD 222M to date, placing it in a robust position to continue developing its innovative services and products for people and businesses of all sizes. </p>

<p>Opn, the leading one-stop payment and embedded fintech solutions company from Southeast Asia and Japan, will utilize the funds to continue scaling its business and expanding into new geographies.</p>

<img src="/assets/blogs/capital-raise/capital-raise-cover.jpg" alt="Capital raise" />



<p>Jun Hasegawa, CEO and Founder of Opn, said: “We are extremely excited and proud to bring on board this high quality investment, allowing us to accelerate the development of our core payment solutions, while also expanding into new territories within our core markets of Southeast Asia and Japan and beyond. As we approach 10 years since we started as a payment gateway company, and now customized fintech solutions to help businesses grow, we have continued to obsess over how to make payment ever more seamless for both businesses and the people they serve. Through our fintech solutions, we are realizing our vision of enabling access to the digital economy for everyone.”</p>

<p>Along with the fundraising, Opn, previously under the brand SYNQA, announced today the launch of its corporate rebranding in order to support its expanded strategic vision and global aspirations. (Refer to press release titled: <a href="https://opn.ooo/en/news/synqa-rebrands-to-opn">“SYNQA Rebrands to Opn to Support Strategic Vision and Accelerated Global Aspirations.”</a>)</p>

<p>Opn’s parent company, SYNQA, is one of the first companies to receive certification for its business plan from the Japan’s Ministry of Economy, Trade and Industry (“METI”) through a ministerial program started in August 2021, which guarantees private sector loans for deep-tech venture companies<sup>4</sup>. Under this program, companies that have had their business plans approved by METI are able to receive loans from private financial institutions approved by the Minister of Economy, Trade and Industry. The loans are backed by METI's Organization for Small & Medium Enterprises and Regional Innovation of Japan (“SMRJ”).</p>




<h2>About Opn</h2> 

<p>Opn, which was rebranded from SYNQA, is a company founded in 2013 with expertise in Asia. Opn specializes in online payment, blockchain technology for fintech applications and digital transformation solutions. Opn connects people, businesses and society in innovative ways that spread the wealth of financial opportunity and provide fair and open access to a growing economic ecosystem under its vision of enabling access to the digital economy for everyone. Opn is powered by its payment infrastructure sister company, Omise Payment Holdings, which provides one-stop online payment solutions. Its services are used by thousands of merchants and businesses around the world. Visit our website for more information: <a href="https://www.opn.ooo/">https://www.opn.ooo/</a></p>


<h2>About JIC Venture Growth Investments (JIC VGI) </h2>

<p>JIC VGI was established in July 2020 as a venture capital arm of JIC group. Its mission is to promote innovation and improve the international competitiveness of Japanese firms, all toward the broader goal of helping to solve Japan's social and industrial issues.</p>


<h2>About the Organization for Small & Medium Enterprises and Regional Innovation of Japan (SMRJ)</h2>

<p>SMRJ’s mission is to contribute to the development of Japan’s economy by promoting innovation and revitalization of local economies among small and medium-sized enterprises (SME) and venture companies that aim to develop and grow independently. To assist SMEs that are seeking to grow sustainably amid changes in the business environment, SMRJ provides direct assistance, human resource development, the management of mutual aid systems, financial support and sharing of business opportunities. SMRJ intends to cooperate with SMEs in improving the support it provides.</p>


<h2>About MUFG Bank</h2>

<p>MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning around 50 countries. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide. MUFG Bank’s parent, Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,500 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit <a href="https://www.mufg.jp/english">https://www.mufg.jp/english</a></p>
 
 
<h2>About Mars Growth Capital</h2>
 
<p>Mars Growth Capital is a joint venture debt fund between Liquidity Capital and Mitsubishi UFJ Financial Group that offers tech startups a one-of-a-kind funding alternative, enabling them to double down on their hyper-growth without giving up or diluting equity. Its trajectory-based funding model allows them to work with startups and growth-stage companies side-by-side, taking on financial risk which traditional financial institutions cannot take. For more information, visit <a href="https://www.marsgrowth.com/">https://www.marsgrowth.com/</a></p>
      
<div class="foot-note">
  <ol>
    <li>
      Refer to the JIC VGI website for further information:
      <a href="https://www.j-vgi.co.jp/#news">https://www.j-vgi.co.jp/#news</a>
    </li>
    <li>
      Refer to the MUFG Bank website for further information:
      <a href="https://www.bk.mufg.jp/">https://www.bk.mufg.jp/</a>
    </li>
    <li>
      Refer to the Mars Growth website for further information:
      <a href="https://www.marsgrowth.com/">https://www.marsgrowth.com/</a>
    </li>
    <li>
      Further information on the program can be found on the METI website at the
      following URL: <a
      href="https://www.meti.go.jp/policy/newbusiness/debtlps/tuika/zentaigaiyou.pdf"
      >https://www.meti.go.jp/policy/newbusiness/debtlps/tuika/zentaigaiyou.pdf</a
    > (Japanese only)    
    </li>
  </ol>
</div>
      

Opn announced today that it raised a total of USD 120M in Series C+ funding from JIC Venture Growth Investments Co., Ltd. (“JIC VGI”), MUFG Bank, Ltd. (“MUFG Bank”) and Mars Growth Capital (“Mars Growth”)

Newsroom

SYNQA Rebrands to Opn to Support Strategic Vision and Accelerated Global Aspirations

Opn Announces USD 120M Series C+ Funding Led by JIC VGI, MUFG Bank and Mars Growth

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