Founded in 2006, Infcurion positions itself as a leading pioneer in Embedded Fintech, developing payment-related products that combine payments, finance, and technology. Its core offerings include the Xard next‑generation corporate card issuing platform, the Winvoice invoice payment platform, and Wallet Station, a digital wallet platform for businesses and financial institutions. Xard has issued more than 1.5 million corporate cards in three years, illustrating scale in its card issuance business. The company has focused on implementing advanced payment infrastructures such as open APIs and provides consulting and system provision for financial and payment fields. Infcurion plans to use newly raised capital to strengthen product development and expand its workforce, and it continues to pursue an IPO at the best possible time. The company emphasizes collaboration with businesses to embed financial services into non‑financial products and services. Infcurion operates a next-generation payments platform and offers payment-related solutions, and has been active in embedded finance. In 2020 the company acquired the card instant-issuance platform Kyash Direct and relaunched it as Xard. Its payments system connects directly to Visa and Mastercard networks, eliminating the need for traditional payment-gateway intermediaries and enabling a cloud-based, lower-cost acquiring infrastructure. Infcurion is partnering with regional financial groups and corporates (notably Hokoku FHG and JR West) to build a regional digital payments platform and to develop acquiring and B2B services. The company says it will use the latest funding to strengthen platform functions, participate in JR West’s planned WESTER Wallet service, develop new B2B and acquiring services with Hokoku FG, and hire personnel. This recent raise follows a ¥2.2B round in October 2021 and represents the company’s fifth fundraising.

Total raised

$13M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2024