Multiply Labs Raises $20M in Series A Funding
20 Apr, 2021
– Paidy Inc. (Japan) has raised US$120m in Series D funding round.
– The round was led by JS Capital Management LLC, Soros Capital Management LLC, Tybourne Capital Management Ltd., and Wellington Management.
– Since late 2020, Paidy has additionally completed the loan facilities set up by upsizing the warehouse facility with Goldman Sachs, newly establishing the secured loan facility with Sumitomo Mitsui Banking Corporation and the other warehouse facility through the syndication led by Mizuho Bank, Ltd.
– This capital increase and additional debt financing from the financial institutions bring total capital raising since the company’s founding to US$585m (of which, equity is US$337m, one of the largest amounts of funding ever raised by a startup in Japan).