Thai ICO unicorn Omise raises funding in Global Brain-led round

Photo by Omise

Thailand-based blockchain and online payment startup Omise on Thursday announced raising an undisclosed financing round led by Japanese venture capital firm Global Brain.

The round was joined by Mitsui Fudosan’s corporate venture arm, 31VENTURES, and existing backer Indonesian VC firm Sinar Mas Digital Ventures (SMDV).

Omise said the investors will help it penetrate Japan, Southeast Asia and other high-growth markets.

“This undisclosed funding not only brings in additional financial support, but more importantly, connectivity with strategic partners to strengthen the reach of the financial infrastructure currently in the development phase by entities under Omise Holdings — Omise payments, OmiseGO and GO.Exchange,” noted a company statement.

Founded in 2013, the fintech startup last raised an undisclosed Series B+ round led by Krungsri Finnovate, the CVC arm of Krungsri Bank (Bank of Ayudhya) in September 2017. It 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. Its market cap crossed $1 billion in August last year, nudging it into unicorn territory.

Omise and Global Brain have partnered with each other on several ongoing foundational projects including the Ethereum Community Fund and a blockchain-focused co-working space, Neutrino. The fintech startup said both parties will continue to progress on these projects.

In December last year, Global Brain and Omise also announced that they will set up a new blockchain-focused fund.

Global Brain started dabbling in the blockchain space three years ago, eventually launching a separate arm, GB Blockchain Labs Corporation (GBBL), last year. The VC, which manages assets worth approximately $1 billion, has invested in blockchain startups such as Coins.ph and Bluzelle.

Last year, Global Brain closed its $180-million sixth fund, its largest since its inception in 2001. The fund, which is currently investing, backs companies offering Internet of Things (IoT), hardware, enterprise, robotics, education and commerce solutions.

Also Read:

Krungsri Finnovate leads Series B+ in Thai ICO unicorn Omise

Thailand: Omise acquires DTAC’s e-money service provider Paysbuy

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.