Smartpay, a Tokyo, Japan-based digital embedded finance startup, raised $7m in a pre-Series A funding round.
The round was led by SMBCVC and Angel Bridge VC.
The company intends to use the funds to expand operations and its development efforts.
Led by Sam Ahmed, CEO, Smartpay provides a digital credit service that offers real-time bank direct payment. Its all-in-one payment experience and interest free buy now pay later solution is built to solve Japanese consumer payment experience issues and improve merchant conversion rates. The digital financing solution allows shoppers to pay from their credit card, or straight from their bank account. It comes with no Interest and Free of charge for credit card users and features checkout within 30 seconds.
FinSMEs
11/04/2024