opn Research by SuperAGI

Overview

Opn is a global financial technology company providing online payment solutions and digital transformation services. Founded in 2013, the company initially launched as Omise and later rebranded to Opn in 2020. Opn aims to empower brands, enterprises, and financial institutions by helping them increase online revenue through seamless financial technology solutions.

Vision and Mission

Opn's vision is to democratize access to the digital economy by creating a user-friendly payment ecosystem. This ecosystem is designed to be accessible to everyone, ensuring that businesses and consumers alike can benefit from the latest financial technologies.

Product Offerings

Opn offers a wide range of products aimed at facilitating online payments and enhancing financial operations:

Opn Payments: Includes services for accepting payments, managing transactions, sending payouts, and protecting revenues.

Opn Pro: Aimed at optimizing business payment processes.

Card Issuing: Provides solutions for businesses to issue payment cards.

Key Achievements

Raised a total funding of $222M over one round from investors including Global Brain and Mitsubishi UFJ Financial Group.

Expansion into several markets including Thailand, Japan, Singapore, Malaysia, Indonesia, the Philippines, and Vietnam.

Acquired MerchantE to enter the U.S. market, further solidifying its global presence.

Financials and Investors

Opn has raised significant funding to fuel its growth:

Series C+ Funding Round: Raised $120M, attaining a valuation that positioned the company as a unicorn.

Funding was primarily used for geographical expansion and to enhance its suite of financial products.

Leadership

Opn’s leadership team is composed of seasoned professionals with extensive experience in fintech and business development:

Ezra Don Harinsut: Group CEO & Representative Director. Co-founder with a robust background in financial technologies.

Jun Hasegawa: Group Chairman & Representative Director. Known for his entrepreneurial efforts and significant contributions to the fintech industry in Southeast Asia.

Vaden C. Landers: President & CEO of MerchantE, leading the company's expansion into the U.S. market.

Maxim Rokhline: Chief Product Officer, overseeing product development and technological advancements.

Kazuhiro Koiso: Chief Financial Officer, responsible for managing the company’s financial health.

Operational Hubs

Opn has established operational hubs in several key locations globally:

Thailand: Crystal Design Center, Bangkok

Japan: Kyobashi Edogrand, Tokyo

Indonesia: Plaza Office Tower, Jakarta

Singapore: Marina Square, Singapore

Malaysia: Menara AmpleWest, Kuala Lumpur

Vietnam: Viet Tower, Hanoi

Employee Insights

Opn offers flexible working arrangements, including remote work options, which contributes to its positive work culture. The company has an average rating of 3.9 on Glassdoor based on 138 reviews, indicating a generally favorable employee environment.

Strategic Initiatives

Opn has been involved in strategic acquisitions and partnerships to bolster its service offerings and market reach. Notably, its acquisition of MerchantE is a pivotal step towards becoming a leading global payment solutions provider.

Competitor Profile

Stripe

Company Overview:
Stripe is a leading financial technology company headquartered in South San Francisco, California, and Dublin, Ireland. Founded in 2010 by brothers Patrick and John Collison, Stripe offers a comprehensive suite of products, including payment processing, financial infrastructure APIs, fraud prevention tools, and more.

Key Metrics:

Valuation: Approximately $65 billion (2023)

Revenue: $14.4 billion (2022)

Payment Volume Processed: Over $1 trillion (2023)

Employees: 8,000 (2022)

Notable Features:

Stripe Connect for multi-party payments.

Radar, an advanced AI-driven anti-fraud tool.

Stripe Terminal for physical payment systems.

Recent partnership with Apple to enable in-person Tap to Pay using iPhones.

Major Clients:
Airbnb, Amazon, Microsoft, Uber, BMW, Maersk, and Zara.

Visit [Stripe's website](https://www.stripe.com) for more information.

Airwallex

Company Overview:
Airwallex is a multinational fintech company founded in 2015 in Melbourne, Australia, and currently based in Singapore. The company specializes in cross-border payments and financial services, offering products such as business accounts, expense cards, and payroll systems.

Key Metrics:

Valuation: $5.5 billion (2022)

Annualized Transaction Volume: $50 billion (2022)

Employees: 1,400 (2022)

Notable Features:

Provides 250+ payment methods.

Machine learning integrated for local and international transactions.

Recent acquisitions include MexPago for entry into Latin American markets.

Developing AI tools to further reduce operational costs.

Major Clients:
Navan, Qantas, SHEIN, HubSpot, GOAT.

Visit [Airwallex's website](https://www.airwallex.com) for more information.

Nuvei

Company Overview:
Founded in 2003 and headquartered in Montreal, Canada, Nuvei provides payment processing solutions. The company went public in 2020 and has been expanding through acquisitions and organic growth.

Key Metrics:

Revenue: $1.19 billion (2023)

Operating Income: $117 million (2023)

Net Income: -$696 million (2023)

Employees: 2,202 (2023)

Notable Features:

Wide range of payment solutions including mobile payments, online payments, and in-store payments.

Acquired SafeCharge in 2019 for $889 million, expanding its global footprint.

Recent acquisition by Advent International for $6.3 billion in 2024, converting it to a private entity.

Major Clients:
Key sectors include e-commerce, travel, and gaming.

Visit [Nuvei's website](https://www.nuvei.com) for more information.

2C2P

Company Overview:
2C2P, founded in 2003 and headquartered in Singapore, offers a full-suite payments platform. The company provides payment gateway services with strong presence across key markets in Asia.

Key Metrics:

Employees: 400 (2022)

Notable Features:

Payment acceptance, payouts, and issuing services.

Support for 250+ payment methods.

Partnered with Ant Group in 2022, integrating Alipay+ with its platform.

Provides online, mobile, and offline payment solutions.

Major Clients:
Lazada, Thai Airways International, Lenovo.

Visit [2C2P's website](https://2c2p.com) for more information.

Adyen

Company Overview:
Founded in 2006 in Amsterdam, Netherlands, Adyen is a major payment company with acquiring bank status. The company supports payments across e-commerce, mobile, and point-of-sale channels.

Key Metrics: