Japan-based mobile payments company Origami has collected $66.6m in its Series C round of funding.
Investors to the round included SBI Investment, Toyota Finance, Shinkin Central Bank, Union Pay International, Credit Saison, Nihon Unisys, JCB, The Ogaki Kyoritsu Bank, Mitsui Sumitomo Card Company, DG Lab Fund and others.
Through the new line of funding, the company will look to hire more global staff members, bolster its product development efforts and expand across multiple verticals.
As part of the investment, Origami Pay has formed a partnership with Union Pay to support the expansion internationally. The deal will see its payments service supported by 7.5 million UnionPay QR code-enabled outlets across 24 countries in APAC, North America, Central Asia, Middle East and Africa. In Japan, UnionPay’s QR payments will also support Origami.
The deal will support Japanese users traveling abroad and tourists visiting Japan to make secure payments through Origami.
Alongside this deal, Origami is partnering with Taiwan-based JKOPAY, which will enable JKOPAY users to pay in Japan. This will help tourists to make payments without having to pay cross-border fees.
Origami is looking to continue its expansion through international partnerships.
Founded in 2012, the company is a mobile payments system which helps consumers pay at convenience stores, international fast food chains, taxis, department stores and shops with their smartphone.
This investment brings the company puts the total funds raised by the payments company to $88m.
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