Line

paymentsp2p payments

FOUNDING YEAR: 2011
LOCATION: Japan
Last Update: 01/05/2020

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About

LINE Corporation is based in Japan and develops and operates the LINE app for smartphones. Since launching in June 2011, the LINE app has grown into a global service used in 230 countries, ranking first in the free app category in 60 countries. LINE offers free one-to-one and group messaging, as well as free domestic and international voice and video calls. LINE also includes a wide array of social elements such as fun and expressive stickers, a personal Home, a Timeline, and numerous LINE family apps, including LINE games and LINE camera. For more information about LINE, please visit http://linecorp.com/en/.

MEDICI Analysis

Line Pay lets users send money to each other using the popular chat app and pay offline at stores.

Focus

PRODUCTS & SERVICES

Line Pay is a P2p payment platform that enables users to send money via popular chat applications. It further helps to make offline payments at physical stores. It also offers cryptocurrency, Link that is offered to a user as reward whenever they use any of the services with the Line ecosystem.

Traction

TRACTION COMMENT:

The company has 164 million monthly active users in it's messaging app to date. (Sep. 2018)

People

FOUNDERS

Takeshi Idezawa(CEO)

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$1.33 B

DATE OF LAST FUNDING

Sep 2018

TOTAL FUNDING COMMENT

The company is planning to use the funds on promotion of “Line Pay” and other new financial services by end-2021. (Sep. 2018)

CONVERTIBLE DEBT

$1.33 B

LISTED

NO

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