# Pring

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pring

- Industry: Financial Services
- Headquarters: Tokyo, Japan
- Website: www.pring.jp
- Total disclosed funding: $11M
- Latest round: Series A (Nov 5, 2018)
- Investors on record: 5

## About

Based in Japan, Pring Inc. specializes in innovative financial technology solutions, primarily offering a money transfer application that enables seamless peer-to-peer transactions for individuals and small businesses.Pring Inc. is a financial technology firm founded in 2017 and headquartered in Tokyo, Japan. The company focuses on providing money transfer services through its application. In July 2021, Pring secured JPY 20 billion through a TRADE SALE, where Google Holdings acquired an 86.3% majority stake from Metaps Inc., MIROKU JYOHO SERVICE CO., LTD., and Nippon Gas Co., Ltd. The total amount raised by the company is JPY 20 billion, with a total of 6 deals recorded.Pring is recognized for its innovative money transfer application that facilitates peer-to-peer financial transactions. It allows users to send and receive money effortlessly, integrating with major banks such as Mitsubishi UFJ Bank, Japan Post Bank, and Mizuho Bank. The application enhances user convenience with features like cash withdrawals from Seven Bank ATMs, addressing the demand for efficient money management solutions in both personal and small business transactions. Currently, Pring operates mainly within the Japanese market, targeting individual consumers seeking reliable money transfer methods.Pring generates revenue through transaction fees associated with its money transfer services and potential partnerships with affiliated merchants and banking institutions. Users connect their bank accounts to the Pring application for real-time transfers, which include peer-to-peer payments and merchant transactions. The business model allows users to access the service for free up to a specific limit, with fees applied to transactions that exceed that threshold, thus fostering a transactional environment that caters to a diverse client base and enhancing revenue streams.Pring plans to leverage its recent funding from the TRADE SALE with Google Holdings to enhance its product offerings and expand into new markets. Upcoming product features are currently being designed to enhance user engagement and streamline transactions. The firm aims to penetrate international markets, although specific regions have not been disclosed. The strategic focus will be on utilizing the JPY 20 billion raised to support these initiatives, ensuring that the company can meet evolving consumer demands and maintain operational efficiency.

## Funding rounds

- Series A, Nov 5, 2018, $11M — Itochu, SMBC Venture Capital, SBI Investment, Nippon Gas Co., Ltd., UFI FUTECH Co., Ltd.

## Investors

- Itochu — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- Nippon Gas Co., Ltd. — Series A
- UFI FUTECH Co., Ltd. — Series A