～Capital and business alliance with MIXI Co.
- The following is content from the press release -
(Head Office: Minato-ku, Tokyo; CEO/Founder: Junichi Moriwaki; hereinafter referred to as "Enpay") has raised a total of 8,000,000 yen through a third-party allotment of new shares, including loans from MIXI Corporation, DNX Ventures, Spiral Capital, Chugin Capital Partners, HAKUHODO DY FUTURE DESIGN In addition to the third-party allotment of new shares to seven companies, including MIXI Corporation, DNX Ventures, Spiral Capital, Chugin Capital Partners, HAKUHODO DY FUTURE DESIGN FUND, GMO Payment Gateway, Inc. In addition, we are pleased to announce a capital and business alliance with MIXI Co.
Purpose of Funds Raised
Enpay's mission is "Fintech with a friendly heart". Enpay offers "enpay", a cashless and DX-enabled payment collection service, "koufuri+", a more convenient account transfer payment collection service, and "enpay wallet", a payment method to support educational facilities and children.
Further strengthen support for the creation of new markets and resolution of industry issues in this business To do so,Plans to invest primarily in product development and organizational expansion It is. We are committed to playing a part in achieving our mission and the "Cashless Vision" of Japan by reducing the burden on society by reducing the labor required to collect money and improving convenience for consumers through cashless transactions.
Funding Summary
Amount raised: 850 million yen
Procurement method: Third-party allotment of new shares, financing
Third-party allotment subscribers (titles omitted, in no particular order)
Existing investors
DNX Ventures
Chugin Capital Partners Co.
New investors
MIXI Corporation
Spiral Capital
HAKUHODO DY FUTURE DESIGN FUND (Hakuhodo DY Ventures Inc.)
GMO Payment Gateway, Inc.
∙ Obunsha Ventures, Inc.
Financing: The Shoko Chukin Bank, Ltd.
Our Business Situation
In 2020, we will begin offering "enpay," which will enable cashless and DX-oriented payment collection operations, and in 2023, "koufuri+," which will make payment collection via direct debit more convenient, and their introduction is expanding, centered on education-related facilities such as nursery schools, kindergartens, elementary schools, and school children.
From service release Cumulative GMV (gross merchandise value in circulation) has exceeded 10 billion yen, and the business is growing steadily. The company is doing so.
and The system is also being introduced to public institutions, and several municipalities, including Okayama City, a government-designated city, are using the system. The company has been
In the future, we will work more broadly to solve money problems surrounding children.
Since our inception, we have faced the challenge of inefficient cash collection in childcare and educational facilities.
enpay" is used by many customers thanks to its various cashless payment methods and functions that streamline not only the payment process but also the entire collection process.
and Recently launched a new "enpay wallet" offering The Company has decided to To educational facilities using "enpay", A unique payment method that allows you to support institutions and children simply by making payments through the "enpay wallet". It is.
In the "enpay wallet" business, we are currently strengthening our partnerships with businesses and educational facilities that provide services related to children, families, and education. For inquiries regarding collaboration, please select the inquiry type "Business collaboration" and contact us from below.
https://www.enpay.co.jp/inquiry
https://prtimes.jp/main/html/rd/p/000000030.000076355.html
Outline of Capital and Business Alliance with MIXI Corporation
At this time, (Shibuya-ku, Tokyo; President and CEO: Hiroki Kimura; hereinafter referred to as "MIXI") announced a business alliance with MIXI Inc. We have done so.
MIXI offers We will create new businesses by combining various service groups including "Family Album Mitene" and Empay's assets to provide new value to each other's users.The following is a list of the most common problems with the
Enpay has been focusing on improving the collection process between childcare and educational facilities and parents, and now we are pleased to announce the release of the new enpay Wallet and the Through the business alliance with MIXI, we will make the flow of money around children smoother and realize our mission, "Fintech with kindness. Realization of the mission "Friendly Fintech We will do so.
Investor Comments
Hiroyuki Fujiwara, Investment Business Department, Investment Business Promotion Division, MIXI Inc.
We are very pleased to have the opportunity to work with Empey on the growth of our business. The real-life connections that Enpei has with a vast number of educational institutions are very attractive to MIXI, which is originally an Internet company, and we are excited to imagine what synergies we can create by combining MIXI's lifestyle business, centered on the "Family Album Mitene" photo and video sharing application for children, with Enpei's business. I am excited to imagine what kind of synergies we will be able to create by combining MIXI's lifestyle business, centered on the "Family Album Mitene" children's photo and video sharing app, with Empay's business.
Mio Takaoka, Partner, DNX Ventures
DNX is honored to continue its support for enpay in Series B following Series A. Since its first investment in 2021, enpay has increased its number of employees from 5 to 50, and has developed a series of products that respond quickly to user demand, including enpay, which digitizes payment collection operations in the daycare and education sectors; koufuri+, a payment collection support for elementary schools, enpay Wallet," a payment solution for the education sector, and other products that quickly respond to user demands. In today's cashless and DX trend, enpay aims to contribute to the education and welfare sectors, including local governments and educational institutions. Through the company's "friendly fintech" offerings, we look forward to the development of services that bring convenience and productivity to all stakeholders and the realization of a more inclusive society.
Tomokazu Okuno and Keigo Agata, Spiral Capital
We are very pleased to have invested in Enpay. We are very attracted to the value that Enpay's software x fintech solutions provide and the challenges they solve, and we expect that they will help solve various money-related problems in the education industry, where there is still much room for DX and efficiency improvement. We are looking forward to working together to realize Enpay's mission of "FinTech with kindness" through further development of services and products. We look forward to working together to realize Enpay's mission of "Fintech with care" through further service and product development.
Toshihiro Asahara, Investment Department, Chugin Capital Partners Co.
Following the previous round, Chugin Capital Partners has made an additional investment in the company. We first heard about the Enpay service from Mr. Moriwaki, the representative of the company, who is also from Okayama Prefecture, just three years ago, and through numerous discussions since then, he said, "I want to somehow spread this service to the local community! I want to solve the problems of collecting money at educational institutions together with you! I still strongly remember that we formed a capital and business alliance with Mr. Moriwaki.
We are very happy to see that since the launch of the "enpay for Chugoku Bank" service, it has been introduced to many local child care facilities in Okayama City and other areas. We will continue to provide full support to the Chugoku Bank Group in order to realize the mission of enpay, "Fintech with kindness. The Chugin Group will continue to provide full support for the realization of Enpay's mission of "Fintech with kindness!
Nosuke Urushiyama, Partner, HAKUHODO DY FUTURE DESIGN FUND (Hakuhodo DY Ventures Inc.)
When I first became acquainted with Enpay's services, I remember being impressed by the fact that it is a product that addresses issues that everyone has questions about and feels burdened by, but which are often overlooked. Although it is a so-called "Fintech SaaS" product, its appeal lies in its organizational culture that is sincere and close to the education providers and parents who are the users. With this investment, we will combine Enpay's ability to solve problems in the Fintech market, as a pioneer in eliminating the burden of money collection for educational institutions and parents through DX, with the Hakuhodo DY Group's sei-katsu-sha thinking and creativity to create "Fintech that is kind to people. The Hakuhodo DY Group's creativity and ideas for the consumer are combined with Enpay's ability to solve problems in the Fintech market. We hope to work together to realize Enpay's mission of "creating a new money flow and society through the power of technology".
Ryu Muramatsu, Executive Vice President, General Manager, Corporate Value Creation Strategy Division, GMO Payment Gateway, Inc.
The education industry is entering a new stage where the potential for cashless transactions is expanding. Enpay is pioneering this market with its sophisticated UI and playing a social role in meeting the demands of a new era of streamlining the payment collection process not only for parents but also for educational facilities. GMO Payment Gateway has been providing payment systems for some time, and we look forward to working together to create FinTech services that go beyond payments.
Jun Miyauchi, Obunsha Ventures, Inc.
We are very pleased to be able to invest in Empey.
We were very attracted to Enpay's service because it has the potential to solve the issues of payment collection and settlement in the education market (especially schools), which we have been involved in for many years.
We hope to work together to resolve the issues in the future, utilizing Obunsha's channels and other resources.
We are very much looking forward to Enpei's further business expansion and mission realization in the future.
Company Profile of Empey Corporation
Company Name: Empey Corporation
Location: 22F SPROUND, Shinagawa Intercity Tower A, 2-15-1 Konan, Minato-ku, Tokyo
Capital: 1,229,131,716 yen (including capital reserve)
Representative: Junichi Moriwaki, CEO/Founder
URL : https://enpay.co.jp/
Empay Inc. is a member of the following associations and registered as a business operator.
Issuer of prepaid means of payment (third-party type) (Registration No.: Director-General of Kanto Local Finance Bureau No. 00777 / Registration date: August 17, 2023)
Japan Financial Settlement Industry Association
Fintech Association of Japan
*Empay Inc. donates a certain percentage of the total amount of payment circulation mainly to child support projects.
