Financial services at the shop counter
Its nearly 20,000 active shops provide a physical distribution network for digital transactions. Customers can access services through neighbourhood merchants rather than rely on a separate network of bank branches.
Expanding the merchant network
The new investors join returning backers UM6P Ventures and First Circle Capital. Planned peer-to-peer transfers and domestic remittances would extend the services offered through those shops.
Where the funding goes
- Merchant distribution network expansion
- A broader financial-services offering