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Payments, blockchain platform raises $80m from Siam Commercial Bank, Toyota, SMBC

Digital payments

Today, Thai fintech firm SYNQA announced it raised $80 million in a Series C funding round led by Siam Commercial Bank unit SCB 10X and investment management company SPARX Group. SYNQA is the company behind the payment solutions Omise, and the blockchain-based OMG Network, formerly called OmiseGO. 

Other big names who participated in the funding round included Toyota Financial Services Corporation (TFS), Sumitomo Mitsui Banking Corporation (SMBC), SMBC Venture Capital (SMBCVC) and Aioi Nissay Dowa Insurance Corporation (ADI). 

“This funding will accelerate the development of quality products and services by our subsidiaries to better connect people, businesses and society,” said Jun Hasegawa, founder, and CEO of SYNQA.

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