NIPPON Passport operates NP Pass, a platform that attracts and directs foreign visitors to affiliate shops and restaurants both pre-trip and during trips. NP Pass issues coupons/vouchers and charges a 10% commission of total sales as contingency fees. The company closed ¥200 million in pre-Series A funding led by private investors and business companies via a third-party allotment. With the financing, NIPPON Passport plans to improve the NP Pass app, deliver a simpler user experience, and develop its affiliate shop and agent network. It is also examining schemes for attracting foreign visitors and using discount coupons to solve operational problems and establish a smooth service model. Management has stated an intention to expand business know-how overseas and collaborate with partners to support regional revitalization.

Total raised

$2M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2020