The CyberAgent, Itochu, PayPal, Recruit, SIG and Visa-backed consumer finance provider raised $120m together with a $182m in debt financing.

Japan-based, corporate-backed consumer finance service Paidy has received $120m in series D funding from JS Capital Management, Soros Capital Management, Tybourne Capital Management and Wellington Management.

The company also secured debt facilities of up to $182m supplied by financial institutions including Goldman Sachs and Sumitomo Mitsui Bank.

Paidy has built a digital repayment tool that helps users finance their online purchases in fixed monthly quotas. It has now raised $585m in total, including $337m in equity financing, since it was…

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Edison Fu

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