Itochu added $48m to a debt and equity round already featuring PayPal and Visa and has now provided a total of $91m for the consumer finance provider.
Diversified trading group Itochu has invested an amount reported by TechCrunch to be $48m in Japan-based Paidy, bringing its overall investment in the post-pay credit service to $91m.
Paidy runs a consumer finance platform that allows users to buy products online and pay for them in monthly instalments. It said it has now raised $281m in debt and equity financing altogether.
The deal represents an extension to Paidy’s series C round, which closed at $143m in November 2019. Itochu…
