Korea has many of the pieces of the puzzle to become the first “Crypto-Powered Nation,” one that runs on blockchains and supports a crypto economy. Here’s what I learned during an intense two and a half days there in March 2018.
Korean fintech company Metaps Plus announces new cryptocurrency exchange ‘CoinRoom’ and token ‘PlusCoin’
Cryptocurrencies such as bitcoin, ether, Litecoin, and others have witnessed remarkable growth this year. Bitcoin price crossed $4,600 mark for the first time this week, while Ethereum appears to be on its way to surpass $400 levels once again. However, question arises on the security of cryptocurrency exchanges. A number of digital asset exchanges including Gatecoin, ShapeShift, and Bitfinex, have been hacked in the past with losses running into millions of dollars.
VR and AR startup Immersv announced it has closed $10.5 million in Series A financing. The round was led by Rogers Venture Partners, with participation from Foundation Capital, The Venture Reality Fund, Initial Capital, East Ventures, HTC Vive, MCJ Co. Ltd., GREE, i-mobile, Metaps, and Gigi Levy.
Mizuho is joining forces with World Innovation Lab to create a joint venture company that will pair with startups from Japan and the US to create new business services utilising fintech innovations and the Internet of Things.
Mizuho Financial Group, Inc. (President & Group CEO: Yasuhiro Sato), Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara), Metaps Inc. (CEO: Katsuaki Sato), and WiL LLC (CEO: Gen Isayama) signed an agreement for capital participation and business cooperation for the purpose of providing a new settlement service using FinTech.
Katsuaki Sato is a freethinker, data lover, and CEO of a US$200 million business in Japan. Last week at Tech in Asia’s Tokyo conference, it felt like the audience was eavesdropping on a speakeasy conversation between existentialists over a beer on a long, rainy night.
Elon Musk. Mark Zuckerberg. Jack Ma. These are the names people think of when we talk about disruptive tech businesses. Yet, not many are aware that some technical founders from Japan could be changing the world.
With changing regulations, increasing investments, and megabank support, fintech is ready to explode in Japan. The country has a ton of personal assets, 52 percent of which are held in cold, hard, cash. Japan’s piggy banks are due for an upgrade in the smartphone era. Here are some of the tech companies posed to do it.
Sato Katsuaki isn’t a popular Japanese founder because of how often he surprises people who aren’t paying attention. He’s popular because of how often he surprises those of us who are paying attention. Sato is the founder and CEO of Metaps, a Japanese app monetization startup that has also moved into payments.
Now anyone can get a piece of Japan’s hottest startup. Metaps, the company best known for its robust app monetization products and Spike, a fast-growing online payment solution, is going public. The announcement comes on the heels of a US$36 million series C round the company secured earlier this year. The IPO, scheduled for August 28th, is expected to bring in a further JPY 3.8 billion (US$30.6 million).