The Hakuhodo DY, Ricoh Leasing and Orix-backed B2C e-commerce payment service has received $56.4m from JCB at a $551m valuation.

Payment services firm JCB has paid ¥6bn ($56.4m) to acquire just over 8,700 shares for a 10.2% stake in Japan-based payment automation service operator Net Protections Holdings.

Founded in 2000, Net Protections provides a business-to-consumer (B2C) payment service focused on e-commerce activities. Its lead product, NP Post-Payment (Atobarai), has 14.5 million yearly unique users and has been responsible for processing a combined 200 million transactions.

Marketing group Hakuhodo DY Holdings had bought an unspecified number of shares in the company…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Email LinkedIn