Paytner Secures ¥23 Billion in Series D Funding Round
Paytner, a company offering an online factoring service that provides cash advances on unpaid invoices for freelancers, has raised ¥23 billion in a Series D funding round. This round involved a third-party allotment of shares and share transfers by existing shareholders.
Investors and Participation
The Series D round saw participation from several prominent investors, including Incubate Fund, Mizuho Capital, JIC Venture Growth Investments, Nissay Capital, Angel Bridge, Spiral Innovation Partners, YMFG Capital, Aozora Corporate Investment, Samurai Incubate, and dof. Notably, this round did not have a lead investor.
About Paytner
Paytner's service allows freelancers and small business operators to sell their unpaid invoices and receive payments as quickly as the same day, following a review. This service does not impact credit information and avoids the need for personal client contact unless payment issues arise. Users can apply online, even via smartphones, and receive funds on weekends and holidays if approved.
Strategic Goals for Funding
Founder and CEO Yu Sakai has outlined plans to utilize this latest funding to strengthen the company's marketing efforts, enhance product functionality, and prepare for a potential stock exchange listing. The company aims to ease the financial management and procurement burdens on small business operators, including sole proprietors and SMEs.
Paytner's unique approach to invoice factoring, which includes a flat service fee and additional transfer fee, caters specifically to the needs of freelancers and small businesses, distinguishing it from traditional loan options.
For more information about Paytner's services, visit their website.