MerchantE’s embedded payments platform complements Opn’s technology offering Combined company processes over US$19B in payment volume for more than 20,000 companies
TOKYO and ALPHARETTA, GA – November 15, 2022 – Opn, the one-stop payments solutions company from Japan and Southeast Asia, today announced that it has acquired MerchantE, a leading end-to-end digital commerce platform that provides payment processing and solutions to businesses of all sizes in the United States. The acquisition will accelerate Opn’s growth and innovation in this significant market to create a leading global payment solutions provider.
Headquartered in Alpharetta, Georgia, MerchantE helps medium-sized and enterprise businesses grow by providing them with comprehensive payment processing capabilities needed to facilitate transactions. MerchantE’s robust backend technology strongly complements Opn’s one-stop online payment and digital transformation solutions.
With the acquisition, Opn’s global footprint now spans seven countries, including the U.S., the largest growing market for embedded finance solutions, which is expected to more than double to over US$50 billion by 2026. Together, Opn and MerchantE processed over US$19 billion in payments for over 20,000 businesses in 2022, making it a leader in payments in the Asia-Pacific region and a top 25 provider of payment processing in the U.S.
“Our acquisition of MerchantE represents a transformative step in Opn’s journey to becoming a truly global digital finance platform, underscoring our commitment to making payments seamless and borderless for both people and businesses,” said Jun Hasegawa, Founder and CEO of Opn.
“MerchantE shares our commitment to relentlessly working to develop innovative solutions that not only empower businesses to grow, but also makes the payment process frictionless for our customers. Through this acquisition, we are doubling down on this commitment to the customers we serve and intend to continue expanding our global presence to better meet them where they need us. I am confident that MerchantE and Opn will create a strong partnership together, and I am pleased to welcome the MerchantE team to our combined company.”
Ezra Don Harinsut, Opn’s Co-founder and President, said, “Combining our leading position in payments across Southeast Asia and Japan with MerchantE’s robust backend technology will allow us to immediately accelerate our growth by empowering businesses of all sizes with the tools they need to rapidly grow their customer bases. We are also extremely excited to work with the talented team at MerchantE to grow our combined business and accelerate Opn’s next stage of international growth.”
MerchantE CEO Sergi Herrero added, “We are equally excited to embark on this new journey with Opn and see tremendous opportunity to realize the meaningful benefits of this transaction as we increase our presence in the embedded payments market. MerchantE will continue to pursue its current product roadmap, and this combination with Opn will help bring our valuable technology to many new customers, positioning us for success in a fast-growing market. Today’s news is a testament to the hard work of our employees, and I congratulate them on this incredible achievement.”
Together, Opn and MerchantE provide digital finance solutions to some of the largest companies in the world, ranging from leading integrated cloud business software platform Oracle NetSuite and e-commerce platform Magento, to one of Southeast Asia’s largest e-wallets, TrueMoney and Toyota Financial Services, the finance arm of the world’s largest car company.
Opn will remain headquartered in Tokyo, and MerchantE will retain its existing headquarters in Alpharetta, Georgia, while continuing to operate under its own brand. Over time, the two organizations will identify and execute opportunities to share technology and best practices, as well as jointly develop new offerings.
Founded in 2013, Opn specializes in one-stop online payment and digital transformation solutions used by thousands of merchants and businesses around the world, operating from Japan, Southeast Asia and the U.S. The company is a leader in payments in the Asia-Pacific region and a top 25 provider of payment processing in the U.S. Guided by a vision of enabling access to the digital economy for everyone, Opn connects people, businesses and society in innovative ways to provide open access to a growing economic ecosystem. Privately-held Opn’s major shareholders include Toyota Financial Services Corporation, the financial services arm of Toyota Motor Corporation, and SCB 10X, the venture capital arm of Siam Commercial Bank. Visit our website for more information.
MerchantE is a leading payments and commerce solutions provider focused on addressing the complex needs of mid-market B2B customers. The company is a full-stack payments platform with front- and back-end processing capabilities and direct connectivity to major card brands. It is a top 25 provider of payment processing in the U.S. For more information on MerchantE please visit www.merchante.com/
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