KKR leads $60.6m funding in Japan’s largest QR code payment gateway Netstars

KKR leads $60.6m funding in Japan’s largest QR code payment gateway Netstars

Image from Netstars website.

Netstars Co Ltd, the operator of Japan’s largest QR code payment gateway, has raised 6.6 billion yen ($60.6 million) in its latest funding round led by private equity giant KKR & Co, according to an announcement.

KKR made a 4 billion yen investment through funds it manages. Hong Kong-based investment firms SIG and LUN Partners also participated in the round, which was made through a combination of capital infusion and allotment of new shares.

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