The fresh funds will be used towards the expansion of Omise’s subsidiaries – Omise, OmiseGo, and Go.Exchange – as they continue to scale their operations in Singapore, Japan, Indonesia, and Thailand in the areas of payments, blockchain technology, and digital assets exchange industries.
Omise is a payment gateway while OmiseGO is an Ethereum-based fintech network. Go.Exchange is a cryptocurrency exchange.
Founded in June 2013 in Thailand, Omise kicked off as an ecommerce platform initially but quickly pivoted to create a convenient one-stop payment solution, simplified for both developers and merchants to work with.
Omise allows e-commerce sites in Southeast Asia to quickly accept credit card payments with a simple plug-and-play interface built for software developers.
The fintech startup last raised an undisclosed amount of funding from Japanese venture capital firm Global Brain in 2018. In September 2017, it raised an undisclosed Series B+ round led by Krungsri Finnovate, the CVC arm of Krungsri Bank (Bank of Ayudhya).
Golden Gate Ventures invested in Omise’s third round of financing in 2015 to drive the startup’s expansion in Southeast Asia and Japan.
It also secured a $17.5-million Series B round led by SBI Asset Management in 2016, besides raising $25 million through an initial coin offering (ICO) for building an ethereum-based payment network last July 2018. Its market cap crossed $1 billion in August last year, nudging it into unicorn territory.
“The speed of blockchain regulation, policy and compliance continue to impact our industry, but we can’t allow that to stifle our growth. As I’ve said before, in expanding our operations, we’re seeking jurisdictions with stable and transparent regulatory frameworks and forward-thinking governments,” said Jun Hasegawa, Group CEO, Omise Holdings.
Hasegawa said Nomura’s investment is “an extremely positive indication” for the financial services, open infrastructure, and disruptive technology that Omise is developing.
Japan-headquartered Nomura is a financial services group with four core business divisions: retail, asset management, wholesale (global markets and investment bank), and merchant banking. It is one of the few companies working on digital asset custody and have since begun to explore blockchain technology.