WAmazing Inc. announced that it has received ¥800 million in funding from a group of investors
November 28, 2020
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WAmazing Inc. announced that it has issued common shares through third-party allocation to new investors giftee Inc. (TSE:4449), Dentsu Group Inc. (TSE:4324), Sumitomo Corporation (TSE:8053), Sumitomo Mitsui Finance and Leasing Company, Limited, Canal Ventures Collaboration Fund 1, a fund managed by Canal Venture Co., Ltd., existing investors Tokyu Corporation (TSE:9005), ANRI No.3 Investment Limited Partnership, a fund managed by ANRI, Beenext Pte. Ltd., Mizuho Seicho Shien Fund 3, a fund managed by Mizuho Capital Co., Ltd., BEENOS Inc. (TSE:3328) and several individual investors and long-term loans to Japan Finance Corporation for aggregate gross proceeds of ¥800 million on November 29, 2020.
giftee Inc. is a Japan-based company principally engaged in the planning, development and operation of e-gift services for individuals, corporations and local governments. The main services include giftee service, giftee for Business service, eGift System service, and local currency service Welcome! STAMP. The giftee service allows an individual user to select an e-gift on the giftee application or a Website browser, purchase it by credit card or carrier payment and send it to those who receive it via social networking service (SNS). The giftee for Business can be used when a corporation gives a gift to its users through a campaign. The eGift System service allows corporations such as restaurants and retail stores to generate, distribute, sell, settle, and manage results for e-gifts. The Company also receives system usage fees from local currency issuers who have introduced the Welcome! STAMP local currency service.