OmiseGO’s Parent Company SYNQA Raised $80 Million in Series C

SYNQA, the parent company of OmiseGo formerly known as Omise Holdings, raised $80 million in a fundraising round for new cashless payment ventures. According to a press release from SYNQA shared with Cointelegraph, the company will use the investment to spread cashless solutions to businesses across Asia.

“There are many products and factors that can help a society become cashless,” a SYNQA representative said to Cointelegraph. In addition to its efforts in improving cashless payments, SYNQA has been supportive of Japanese manufacturer Toyota, which announced it had launched a cashless app wallet in November 2019.

Timeline of Omisego