Thailand’s payment solutions company, Omise has raised $2.6 million in series A round led by Indonesian VC SMDV, with participation from existing investors East Ventures, 500 Tuk Tuk, and Thailand mobile operator True Group. The company aims to utilize the raised funding to develop its payment gateway system and expand across Asia.
In August 2014, the firm had received $300,000 in seed funding. The latest round brings the total capital of the firm raised to date is $2.9 million. Its payment gateway is designed to help merchants accept payments on any platform and has been in beta mode so far. With this new funding, it intends to go out into the market and will be launching its products in Thailand, Southeast Asia and Japan.
Also, the company had tied up with local partners to add diverse payment methods to the Omise products. “Partnering with well established brands both in Thailand and other SEA countries is a game-changer for Omise to expand into the region,” says Ezra Don Harinsut, COO and co-founder of Omise. The two year old startup was founded by Jun Hasegawa and Ezra Don Harinsut.