The Bank of Iwate
2-3, Chuodori 1-chome, Morioka, Iwate, 020-8688, Japan
Overview
Bank of Iwate is a key financial institution that provides financial services focused on the banking business like leasing and credit cards as well as clerical work outsourcing for the bank. The company is committed to providing all manner of products and services with a focuses to the new financial age, and is stepping forward together with Iwate Prefecture. Bank of Iwate was founded on 1932 and is headquartered in Morioka, Japan.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Banking
- Credit Cards
- Financial Services
- Leasing
- Outsourcing
Investment portfolio
- Wamazing
Participated · Series C · Dec 2023
WAmazing operates a tourism platform (OTA) that centralizes online reservations across five major inbound consumption categories: accommodation, sightseeing, shopping, transportation, and food & beverage. Its product suite includes WAmazing Discover, WAmazing Stay, WAmazing Shopping, WAmazing Transport, WAmazing Play, and WAmazing Snow, and it distributes free SIM cards via machines at 25 Japanese airports to grow membership. The company has three business lines: the OTA business, Regional Tourism DX (launched April 2020) and Inbound Marketing Consulting (launched November 2022). Main service markets are Taiwan, Hong Kong, Mainland China, Southeast Asia, and Australia. WAmazing reported that overall sales in FY2023 were 5.5 times and OTA transaction volume (GMV) 3.8 times those in FY2020, and registered members exceeded 520,000 at the end of October 2023. Regional Tourism DX saw orders in FY2023 rise 1.5 times year-over-year and cumulative sales across the past four fiscal years reached approximately JPY 1.8 billion. The company says growth is accelerating post-pandemic and is recruiting urgently (more than 50 open positions) while seeking capital and strategic partnerships to support further expansion. WAmazing provides a tourism platform service for overseas visitors to Japan, offering OTA reservation services across accommodation, sightseeing, shopping, transportation, and food & beverage via web, app, and WeChat. The company operates three business lines: OTA, Regional Tourism DX (launched April 2020), and Inbound Marketing Consulting (launched November 2022), and offers services such as WAmazing Discover, Stay, Shopping, Transport, Play, Snow, and Insurance. WAmazing reported that OTA GMV in January 2023 was 2.2× January 2020 levels, owned-media monthly users were 3.5× January 2020, and registered members exceeded 400,000 at the end of January 2023. Orders in the Regional Tourism DX business in FY2022 increased 2.3× year-over-year, and cumulative sales for that business over the past three fiscal years reached approximately JPY 1 billion. The company uses free SIM distribution machines at 23 international airports to drive membership growth and has achieved seven consecutive fiscal years of sales and growth since establishment. WAmazing plans to use new capital to recruit talent, secure growth funding, and form capital and business alliances with strategic investors and regional banks to expand inbound business and revitalize local communities.
Team
No current team members are available.