Payment Technology Japan
closedCorporate payroll and B2B payment solutions provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor | €0.0 | round | |
$2.3m | Growth Equity VC | ||
| Total Funding | 000k | ||
Payment Technology Japan, established in March 2016 and led by CEO Toru Ueno, specializes in financial technology services designed to enhance corporate cash flow and employee benefits. The company's core offerings include solutions for B2B payments and payroll services.
Founder and CEO Toru Ueno began his career at SoftBank in 1997, working in finance and accounting. He was a founding member of the SBI Group, where he was instrumental in establishing SBI Securities and its IPO division. Drawing on his extensive experience in finance and IPO consulting, Ueno founded Payment Technology to create a stable business independent of stock market fluctuations, seeing potential in the nascent salary prepayment industry.
The company's business model is centered on providing a suite of digital tools. For businesses, it offers services like "Hayameru," which allows for early collection on invoices, and "Okurasu," which extends payment deadlines for accounts payable, both utilizing credit card functionalities to improve cash flow. Another key service is "Seikyusho Cloud," an invoice management system compliant with Japan's invoice system.
For employees, the company provides the "Maebarai Dekirukun" and "Maebarai Dekirukun LITE" salary advance services, which allow workers to receive a portion of their earned wages before the official payday. The LITE version notably uses a credit card-based system that bypasses the need for corporate financial audits, making it accessible to startups and SMEs. Additionally, the "Anypay" service enables employees to receive their salary in various forms, including digital money, and across multiple accounts, a system for which the company holds a business model patent.
Payment Technology also operates in the HR tech space with "Enyjob," an alumni talent management service that helps companies re-engage former employees for part-time or contract work.
Keywords: B2B payments, payroll services, fintech, cash flow management, salary advance, invoice management, HR tech, corporate finance, digital payments, alumni management