About Smartpay
Smartpay is a company based in Minato (Japan) founded in 2020 by Sam Ahmed. It operates as a FinTech, and Commission-Based. Smartpay has raised $7 million across 1 funding round from investors including SMBC Venture Capital, Angel Bridge and Global Founders Capital. Smartpay offers products and services including Smartpay BNPL Service and Smartpay Bank Direct. Smartpay operates in a competitive market with competitors including Afterpay, Affirm, Flexiti, Tymit and Pagaleve, among others.
- Headquarter Minato, Japan
- Founders Sam Ahmed
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Smartpay Co., Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7 M (USD)
in 1 rounds
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Latest Funding Round
$7 M (USD), Seed
Apr 08, 2024
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Investors
SMBC Venture Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of Smartpay
Smartpay offers a comprehensive portfolio of products and services, including Smartpay BNPL Service and Smartpay Bank Direct. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A buy-now-pay-later service with interest-free installments offered.
Instant bank account withdrawal service for seamless payments provided.
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Leadership Team
2 people
Head Team
1 people
Founding Team
1 people
Product Management Team
1 people
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Funding Insights of Smartpay
Smartpay has successfully raised a total of $7M through 1 strategic funding round. The most recent funding activity was a Seed round of $7 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $7.0M
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First Round
First Round
(08 Apr 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Smartpay | Valuation | SMBC Venture Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Smartpay
Smartpay has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include SMBC Venture Capital, Angel Bridge and Global Founders Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Venture capital investments are made in innovative startups by Angel Bridge.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Smartpay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Smartpay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Smartpay Comparisons
Competitors of Smartpay
Smartpay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Afterpay, Affirm, Flexiti, Tymit and Pagaleve, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
Credit cards for point-of-sale financing are provided to consumers.
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| domain | founded_year | HQ Location |
Provider of credit cards for point-of-sale financing
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| domain | founded_year | HQ Location |
Purchases and installments are tracked via an app-based platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Smartpay
Frequently Asked Questions about Smartpay
When was Smartpay founded?
Smartpay was founded in 2020 and raised its 1st funding round 4 years after it was founded.
Where is Smartpay located?
Smartpay is headquartered in Minato, Japan. It is registered at Minato, Tokyo, Japan.
Who is the current CEO of Smartpay?
Sam Ahmed is the current CEO of Smartpay. They have also founded this company.
Is Smartpay a funded company?
Smartpay is a funded company, having raised a total of $7M across 1 funding round to date. The company's 1st funding round was a Seed of $7M, raised on Apr 08, 2024.
What does Smartpay do?
Smartpay is established as a financial technology company offering innovative payment solutions in Japan. Services are focused on buy-now-pay-later (BNPL) options with interest-free installment plans, enhancing purchasing convenience for consumers. Additionally, direct bank account withdrawals are facilitated through the Smartpay Bank Direct feature, supporting over 200 financial institutions. The company targets both individual customers and businesses, aiming to streamline e-commerce transactions and improve payment flexibility. Various sectors including retail, fashion, and home appliances are served through partnerships with numerous merchants and brands.
Who are the top competitors of Smartpay?
What products or services does Smartpay offer?
Smartpay offers Smartpay BNPL Service and Smartpay Bank Direct.
Who are Smartpay's investors?
Smartpay has 4 investors. Key investors include SMBC Venture Capital, Angel Bridge, Global Founders Capital, and Matrix.
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