Japan-based investment management app developer One Tap Buy has raised an undisclosed amount of funding from telecommunications group SoftBank and brokerage Mizuho Securities.
Founded in 2013 as MyBanker, One Tap Buy provides stock trading software for beginners in Japan and the United States.
The two investors will jointly manage the company, which will rebrand to PayPay Securities in January 2021. They had already taken part in a $17.3m round in October 2018 alongside financial services group Tokai Tokyo.
Financial services firm Nanto Bank’s Nanto CVC fund had participated in a $1.9m round seven months earlier alongside venture capital firm Venture Labo Investment.
SoftBank and Mizuho Securities chipped into a $22.1m round for the company in November 2017 that also featured internet company Yahoo’s Z Holdings unit and VC firm Mobile Internet Capital (MIC).
SoftBank, Mizuho Securities and MIC had jointly invested in a $13.3m round together with Mizuho Capital, a subsidiary of bank Mizuho Financial Group, nine months before, which came in the wake of the $9.4m funding supplied by SoftBank in 2016.
Insurer Mitsui Life’s Sansei Capital unit had provided an undisclosed amount for One Tap Buy in a 2015 round that included MIC and DBJ Capital. Opt Ventures, a subsidiary of marketing firm Opt now dubbed Bonds Investment Group, is also among the company’s shareholders, though it is unclear when it invested.
