Synqa, a Tokyo and Bankok-based fintech firm rebranded to its subsidiary’s name Opn, has raised $120 million in a Series C+ funding round. The round was led by JIC Venture Growth Investments, MUFG Bank, and Mars Growth Capital.
Synqa plans to use the new funding to expand its services and products, as well as expand into new markets. It will also use the funds to build out its data intelligence platform. The platform has been gaining traction in recent years, and the new funding round will enable Synqa to continue its growth.
Omise, an investor in Synqa’s Series C+ round, has stated that Synqa’s platform is “a great solution for the banking and financial sector, providing an AI-driven platform to enable banks to improve customer experience, reduce operational costs and accelerate their digital transformation journey”.
The company is already working with over 100 financial institutions, including banks, insurance companies, and payment companies in Japan, Thailand, and other countries. With the new funding, Synqa plans to increase its presence in the Asia-Pacific region and expand into other markets.
Synqa is a fintech firm based in Tokyo and Bangkok that provides an enterprise-grade data intelligence platform. At SYNQA, we aim to make financial services and economic opportunities more accessible. Synqa was founded in 2015, the company has since grown to become a leader in the fintech industry. Before the name change, Opn focused on digital transformation services.