Tokyo, Japan-based Exchange Corporation K.K., the provider of Paidy, a cardless e-commerce payment and instant credit service, closed a US$3.3m Series A funding.
The company will use the funding for product development, new hires, marketing and the expansion of the Paidy merchant network.
Founded in in 2008 by Russell Cummer, president, Paidy provides a solution for consumers to pay at online stores that does not require a credit card or pre-registration. Optimized for mobile and instant-checkout, it allows them to buy online using only their name and email address.
ExCo also offers AQUSH, Japan’s largest peer-to-peer exchange for consumer loans.