Coda payments, a company which allows users to pay for digital content using a prepaid card, has raised $2.3m in A round funding for expansion into Southeast Asia with backing from CyberAgent and Rakuten.
CyberAgent Ventures, the corporate venturing arm of the Japan-based internet and mobile games publisher CyberAgent, have participated in a $2.3m series A round into Singapore-based Coda Payments. There was also involvement from GMO Global payment fund, a $12m fund belonging to GMO Payment Gateway, e-commerce site Rakuten and participation from existing investors Golden Gate Ventures and Toivo Annus.
The company raised £900,000 in a seed round last year.
Coda, which has over 12 million subsribers, enables users to pay for…
