Yuabread, Inc. announced that it expects to receive ¥260 million in funding from giftee Inc., FFG Venture Business Partners Co., Ltd., GxPartners LLP, Global Brain Co., Ltd., AG Capital AD
February 07, 2021
Share
Pan For You Inc. announced that it will receive a round of funding on February 8, 2021.
On the same day it has received funds in its first tranche led by new investor, giftee Inc. (TSE:4449) The transaction also included participation from returning investor, Kyushu Open Innovation No. 1 Investment Business Limited Liability Union, a fund co-managed by FFG Venture Business Partners Co., Ltd. and GxPartners LLP. The company issued common shares in the transaction.
giftee Inc. is a Japan-based company principally engaged in the planning, development and operation of e-gift services for individuals, corporations and local governments. The main services include giftee service, giftee for Business service, eGift System service, and local currency service Welcome! STAMP. The giftee service allows an individual user to select an e-gift on the giftee application or a Website browser, purchase it by credit card or carrier payment and send it to those who receive it via social networking service (SNS). The giftee for Business can be used when a corporation gives a gift to its users through a campaign. The eGift System service allows corporations such as restaurants and retail stores to generate, distribute, sell, settle, and manage results for e-gifts. The Company also receives system usage fees from local currency issuers who have introduced the Welcome! STAMP local currency service.
Yuabread, Inc. announced that it expects to receive ¥260 million in funding from giftee Inc., FFG Venture Business Partners Co., Ltd., GxPartners LLP, Global Brain Co., Ltd., AG Capital AD