Nov 16, 2022 11:56:00

Japanese-founded payment company 'Opn' acquires major US payment company 'MerchantE' for about 56 billion yen

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Opn ', which was founded by a Japanese and is developing payment services in Japan, Thailand, Indonesia, Singapore, etc., has acquired a major American payment operator ' MerchantE '. It is reported that the acquisition was $ 400 million (about 56 billion yen).

Opn Acquires US Market Leader MerchantE as a Payments Platform
https://www.opn.ooo/jp-en/news/opn-enters-us-market-with-acquisition-of-merchante/

Today, we announced our acquisition of MerchantE, a leading end-to-end digital commerce platform, and with it, our entry into the large and fast-growing US market. Learn more about this announcement: https://t.co/ ZwrFc8ud7P pic.twitter.com/BtoT2CmR6c

—Opn (@opn_global) November 16, 2022

Opn is a payment service provider founded by Mr. Jun Hasegawa. Since starting payment services in Thailand in 2013, it has established offices in countries such as Japan, Indonesia, Singapore, and Vietnam. .

In May 2022, Opn has raised a total of 15.5 billion yen from Mitsubishi UFJ Bank, JIC Venture Growth Investments, and Mars Growth Capital Pte. It is over. Also, in June 2022, Chris Mizner, who had served as the general manager of the online store for the Asia-Pacific region at Apple, was appointed as a director, showing a positive attitude toward business expansion.

On November 15, 2022, it announced that it had acquired a major American payment service provider, MerchantE. According to Opn, MerchantE is a leading company in the US payment platform market, with high-performance servers and backend technology that are critical in the payment process. By acquiring MerchantE, Opn plans to expand payment services in the United States. In addition, the total number of member stores exceeds 20,000, and the total settlement amount reaches more than 19 billion dollars (about 2.7 trillion yen).

Jun Hasegawa, CEO of Opn, commented on the acquisition: 'Opn and I will continue to work tirelessly to develop innovative solutions that not only support business growth, but also provide the best payment experience for consumers. MerchantE shares a vision.With the completion of the acquisition, we will further strengthen our structure for realizing this vision, and accelerate the momentum of global expansion so that we can always provide the best service that meets the needs of our customers. I will go,” he said, showing his willingness to further expand the business.