Global Payment Fund

Concept

Global Payment Fund

A fund of payment companies, by a payment company, for payment companies

Our limited partners are major financial institutions like credit card issuers and acquiring banks.
GMO Payment Gateway is the strategic management company; GMOVenturePartners is the fund manager.
The fund was established with 15 million USD.
The investment target is payments companies throughout Asia, especially in Southeast Asia.

It is not a large fund, but we are focused.
We have passion, hope, and faith in our industry.
We know there are innovative, disruptive, high-potential entrepreneurs and teams in payments.

Unlike traditional VCs, we don’t just make financial investments.
We export successful ideas and use cases from Japan and provide the support needed by startups as they accelerate.
We also identify synergies between our LPs and portfolio companies and among our portfolio companies across Asia.
We are helping to build a full-scale payment industry, aiming for an open ecosystem, that spans the region, drawing on our experience in Japan.
Not only first in Japan but first in the world.

Payments are the platform on which economic activity can be built.
The payments system is infrastructure essential to growth in Asia.
We contribute to the payments industry, we are helping to build the Asian e-commerce industry, too.

If you have the same hopes that we do, join this fund.
If you feel the same passion that we do, join this industry.
If you have the same faith that we do, join this platform.

Portfolios

  • coda
  • coming soon
  • coming soon
Neil Davidson

Coda provides ...

Coda Payments offers customers a convenient way to make purchases online using their pre- or post-paid mobile accounts. For mobile operators, Coda increases subscriber loyalty and generates net-new profitable revenues; for merchants, Coda is a unique way to monetize customers that lack a traditional payment instrument.
Coda is active in Indonesia and Malaysia and headquartered in Singapore.

CEO:
Neil Davidson
URL:
https://www.codapayments.com/
muramatu

“Coda Payments is revolutionizing mobile payments.

The company has become popular in a short span of time as it allows users who do not have a credit or debit card to purchase digital goods—such as media, game credits, and information services—starting in Indonesia, a huge but underbanked country.

This investment is the first by GMO Global Payment Fund, which was established to invest in promising startups in Southeast Asia—which includes some of what are expected to be the fastest growing markets in the world over the next ten years—led by innovative teams who are passionate about helping to build a robust payments infrastructure for the region. Coda meets all these criteria, and so we are delighted to be leading this financing round.

Using these funds, we expect the company to increase the number of its carrier connections and expand outside of Indonesia.”

Press&New

2013/12/5

Coda Payments scores $2.3 million to make mobile payments without credit cards a cinch

[TECH IN ASIA]

Credit Saison's participation in Global Payment Fund.

[The Nikkei]

Singapore-based Coda Payments raises $2.3M from several Japanese firms.

[THE BRIDGE]

2013/12/3

Global Payment Fund invested in Coda Payment PTE. LTD.. Indonasia and Malaysia’s leading mobile payment service provider.

http://corp.gmo-pg.com/news/2013/826
http://www.gmo-pg.com/assets/files/pdf/en/131203_gmo_pg_press_en.pdf

2013/10/21

Leading Japanese Payment Solutions Provider, GMO PaymentGateway and GMO Venture Partners launched "Global Payment Fund" - specialized in South Eastern Asia.

http://www.gmo.jp/en/news/pr/?y=2013

Team

Ryu Muramatsu( LinkedIn )

Director, Founding Partner of GMO VenturePartners, Inc., Japanese corporate VC firm, a member of GMO Internet Group. Its 40 portfolio companies include 5 IPOs: Qihoo 360 Technology (NYSE), Fullspeed (TSE), Accelmark (TSE), NEXT (TSE), Vector (TSE).
Since 2005, GMO VenturePartners has operated a number of funds, approx. 28 Million USD under management.

He is also a co-founder, Director of board, Executive Vice President, head of Strategic department of GMO Payment Gateway, Inc., Largest Online Payment Service Provider in Japan with more than 44,000 online merchants. The only Tokyo Stock Exchange listed online PSP, public since 2005, current market cap is approx. 600M USD.

Prior to that, Ryu worked for JAFCO, the largest VC in Japan and JAFCO Ventures in Silicon Valley, in charge of Business Development and Japanese connection of its portfolio companies.
One of the most successful investments at that time was GMO Internet, Inc. (TSE: 9449) headquartered in Tokyo, Japan, the first internet startup which went public in Japan at 1999, now a comprehensive provider of industry-leading Internet solutions including domain name registration, cloud-based and traditional hosting, ecommerce, security, and payment processing services that each hold the top share of their respective markets in Japan. Other key business areas for the Group include online securities/FX trading, Internet advertising, search engine marketing and online research, and smartphone game development and publishing.

Ryu earned his B.A. degree from Waseda University.

Tomohiro Miyasaka

Tomohiro Miyasaka

Director of GMO VenturePartners, Inc.

He has invested in 40-50 companies in this firm, mainly Ecommerce, Financial Services, Cloud Sourcing, AD technology, Social Games in Japan and Southeast Asia. He is also Managing Director of one of our portfolio companies.

Prior to that, Tomohiro worked for SBI Holdings, Inc. (TSE:8473, SEHK:6488), which group is one of largest banks in Japan and has developed a unique financial ecosystem that can provide one-stop access to various financial services. The SBI Group is striving to maximize its corporate value by pursuing synergies among the three core businesses in the Financial Service Business: the securities business, banking business and insurance business. He was in charge of PR duties and IR duties for individual investor and institutional investors.
Also he went on loan to Sumishin SBI Net Bank Research Co., Ltd. (currently SBI Sumishin Net Bank, Ltd.), which is a bank of the Internet primary occupation invested by Mitsui Sumitomo Trust & Banking and SBI Holdings, Inc. The firm creates new form banking. The bank’s total deposit balance exceeded $31B (October 28th, 2013). The bank won the first place of JCSI(Japanese Customer Satisfaction Index)for four consecutive years. At that time he was in charge of management plan, corporation sales and marketing duties.

Tomohiro earned his B.A. degree from Keio University.

Hirofumi Monden

Assistant Manager of Strategic department of GMO Payment Gateway, Inc., Largest Online Payment Service Provider in Japan with more than 44,000 online merchants. The only Tokyo Stock Exchange listed online PSP, public since 2005, current market cap is approx. 600M USD.
He is in charge of Business Development and Investment in foreign companies.

Prior to that, Hirofumi worked for NIF SMBC Ventures (currently Daiwa Corporate Investment and SMBC Venture Capital), the second largest VC in Japan, in charge of Investment and Business Development in promising companies. He was in charge of the portfolio companies of more than 30 companies.
Also he worked for Daiwa Real Estate Asset Management, real estate asset management company of Daiwa Securities Group (TSE: 8601). He was in charge of Finance and Budget making and control.

Hirofumi earned his B.A. degree from Keio University.

About

Established:
11/2013
Fund Under Manage:
15 -30 million USD
Office:
CERULEAN TOWER, 26-1, Sakuragaoka-cho, Shibuya-ku, Tokyo 150-8512 JAPAN
Email:
info@gmo-vp.com
General Partner:
GMOPaymentgateway, Inc. GMOVenturePartners, Inc.
  • GMO PAYMENT GATEWAY
  • GMO VENTURE PARTNERS