Thai digital payment startup Omise secures funding from Japan’s Nomura

Omise co-founder/COO Ezra Don Harinsut and founder/CEO Jun Hasegawa

Omise, a Thailand-based blockchain and digital payment startup backed by Golden Gate Ventures, announced that it has raised an undisclosed funding from Japanese financial group Nomura Holdings.

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.