Following an announcement about investment in Omise Holdings a few days ago, SBI Holdings Group announced that its subsidiary, SBI Investment invested into Exchange Corporation Holdings Limited which is a holding company of Exchange Corporation. This investment was done via SBI Investment’s FinTech fund.

Exchange Corporation’s flagship service is a new type of settlement service named “Paidy” which allows users to use with only their mobile number (SMS receivable) and e-mail address, no need any pre-registration for members. Users can quickly checkout with just 2 information when they do online shopping. In addition to the convenient and user-friendly feature, Paidy can split purchases into monthly payments, so users can enjoy secure and easy online shopping.

As Paidy utilizes unique module and machine learning system that Exchange Corporation developed, it enables users to complete instant online payment without creditcards. Over 600,000 stores/shops have already introduced Paidy with the expectation of increase of new customers and revenues.

SBI Investment set up the FinTech fund in December, 2015. Its total committed capital is 30 billion JPY, and the company has decided investment via the Fintech fund into 16 fintech related companies, both foreign and domestic.

(Source: SBI Holdings )

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