#Japan #Tokyo #Factoring #Freelancers #Paytner

Introduction

Founded in 2019, Paytner has made a significant mark in the financial landscape by providing an online factoring service tailored for freelancers. With a mission to create a financial system that enables challenges, Paytner’s innovative approach has led to a staggering 876-fold increase in its annual factoring handling volume over six years. Recently, the company announced plans to secure a total of 2.7 billion yen in funding to further its ambitious growth initiatives.

Funding Overview

The funding will be vital in strengthening the financial base of the company as it looks to expand its operations. This capital will support both business development and the enhancement of new functionalities within its services, ensuring that Paytner remains at the forefront of the industry.

Background of Funding

Since launching its services in September 2019, Paytner has become an essential tool for freelancers who require immediate access to funds. The recent funding round aims to reinforce the company’s financial position, allowing it to handle increased transaction volumes while continuously improving service offerings. Through comprehensive strategic planning, Paytner is on course to navigate the complexities of financial needs faced by its users effectively.

Banking Partnership and Insights

In a landmark move, Paytner has collaborated with Mizuho Bank to arrange a syndicate loan, showcasing the company’s robust growth trajectory. This arrangement is particularly notable, as it involves financial monitoring from Upsider Capital, a group company of Mizuho, thereby establishing a solid framework for acquiring essential operational capital.

Eiki Uchida, Head of the Corporate Division at Mizuho Bank, expressed confidence in Paytner's business model and future potential. He noted that the syndicate loan would enhance the diversification of funding sources, which is crucial for the company’s growth strategy.

Recruitment Drive

In light of its rapid growth, Paytner is actively looking to expand its team by recruiting for various positions. Some highlighted roles include:
1. Product Manager
2. BizOps (Business Operations Planning)
3. Back Office (General Affairs & Management)
4. Finance & Business Planning Officer
5. Accounting Manager Candidates
6. Accounting Leader Candidates
7. Web Engineer
Interested applicants can find more about these opportunities and apply on Paytner’s recruitment page.

About the Online Factoring Service

Paytner’s online factoring service is distinct in that it allows users to upload invoices sent to clients. Users can then receive cash for these invoices without their clients knowing, with approvals possible in as little as 10 minutes. The company recently surpassed a milestone, with applications exceeding 500,000, further cementing its reputation as a trusted partner for freelancers. Under its transformative mission, Paytner aims to build a platform that resolves financial challenges for all businesses and individuals, alongside recognition from various prestigious awards, such as TechCrunch Tokyo 2019 and Forbes JAPAN 100.

Conclusion

In conclusion, Paytner's recent funding reflects its commitment to innovation and support for freelancers. As the company continues to evolve and enhance its offerings, it stands poised to tackle significant financial challenges faced by its users, thereby strengthening its position in the market.

For more information about Paytner, visit their service page and learn about how they are transforming the financial landscape for freelancers.

Company Overview

• - Company Name: Paytner Co., Ltd.
• - CEO: Yu Sakai
• - Location: 5F, Azabudai Hills Garden Plaza B, 5-9-1 Toranomon, Minato-ku, Tokyo
• - Capital: 867,450,180 JPY (including capital reserve)
• - Established: February 4, 2019
• - Website: Corporate Page

For media inquiries, please contact the Paytner Public Relations Team at [email protected].