Japanese venture capital firm SBI Investment has led a $17.5m Series B round in Thailand’s online payment solutions platform Omise.
The round featured significant participation from undisclosed partners, as well as returning investors Sinar Mas Digital Ventures, Ascend Money and Golden Gate Ventures.
Most of the capital will go towards expanding Omise’s operations across Southeast Asian markets and to accelerate product development.
Founded in 2013, Omise currently operates in Thailand and has recently launched its service in Japan.
The business also has offices in Indonesia and Singapore and expects to offer its services by the end of the year in those markets.
Following the new round, Omise has now raised more than $25m since its establishment.
Omise CEO Jun Hasegawa said, “Omise will be developing synergy with it strategic partners to build new financial connectivity, grow a portfolio of promising businesses and raise our customer base across the region.
“With the financial and strategic support of our investors, we foresee long term growth and potential, particularly servicing regional and global enterprises.”
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