Japanese fintech startup Paidy raises $55m Series C from ITOCHU, Goldman Sachs

Tokyo-based fintech startup Paidy has raised a $55 million Series C round led by ITOCHU Corporation with participation from Goldman Sachs. The startup’s unique point is it allows users to buy online without creating an account or using credit cards. The transactions can be made through Paidy by entering the mobile phone and email for verification and settling the bills on a monthly basis. The company claims to have 1.4 million accounts in use, and aims to reach 11 million by 2020.

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