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…

Edison Fu

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