Infcurion, a Japanese payments company, is gearing up for an initial public offering (IPO) in Tokyo in 2025 as part of its strategy to accelerate growth through mergers and acquisitions, executives confirmed to Reuters.
The company recently secured approximately 8 billion yen ($53.8 million) in funding from Sumitomo Mitsui Financial Group, valuing Infcurion at over 30 billion yen. “We are planning to IPO next year and hope to firmly establish our presence, supplement our funds, and execute growth strategies, including through mergers and acquisitions,” stated Kenichi Nogami, Infcurion’s chief financial officer.
Founded in 2006, Infcurion specializes in technology that powers various payment services, including digital wallets and credit cards. The company anticipates profitability for the current financial year ending March 31, driven by rapid growth in its credit card-issuing platform, which enables businesses to issue cards to employees or clients. Infcurion has cultivated strong relationships with local banks to support this initiative.
As it prepares for the IPO, Infcurion’s co-founder and CEO, Hiroki Maruyama, noted that proceeds from the listing could be directed toward acquiring other financial technology firms to expand its service offerings. “Instead of developing everything in-house, we’re at a point where we can add offerings to our platform through M&A,” Maruyama explained.
Despite Japan’s historically slow adoption of digital payments, the market is undergoing significant transformation, presenting substantial growth opportunities, particularly in the business-to-business payment sector, which still heavily relies on bank transfers. Maruyama also hinted at plans for potential expansion into other Asian markets.
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