# Symax

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

- Industry: Medical Devices & Equipment
- Headquarters: Tokyo, Japan
- Website: www.symax.jp
- Latest round: Series A (Dec 9, 2015)
- Investors on record: 2

## About

Symax is a financial services provider based in Tokyo that specializes in factoring services, enabling businesses to improve cash flow through the sale of accounts receivable for immediate payment.Founded in 2014, Symax operates from Tokyo, Japan, offering factoring solutions to small and medium-sized enterprises. The company has successfully completed 2 deals by August 21, 2019, and is led by CEO Kayo Mitsuyama, who has a background in finance and has previously founded other ventures.Symax specializes in providing factoring services that enhance cash flow by allowing businesses to sell their accounts receivable at a discount for immediate cash. Targeted primarily at small to medium-sized enterprises (SMEs), their services streamline invoicing processes and transfer non-payment risks to the company. Symax caters to a diverse client base across manufacturing, retail, and services industries in Japan and offers cross-border factoring solutions as well.The revenue model of Symax is based on transactional fees from factoring agreements, where businesses pay a percentage of the invoice amount for immediate cash access. Clients submit invoices for factoring, receiving upfront cash, while Symax manages the collection from end customers. This B2B model facilitates partnerships with companies needing quick liquidity solutions, with fees varying based on risk assessment and service terms.As of August 21, 2019, Symax raised an undisclosed amount in venture funding from Mistletoe and W ventures. The company plans to utilize this funding to develop new financial products and expand into new markets. Specific regions targeted for growth include Southeast Asia, with plans to establish a presence there by the end of 2022.

## Funding rounds

- Series A, Dec 9, 2015 — DNX Ventures, iSGS Investment Works

## Investors

- DNX Ventures (https://capitalatlas.ai/funds/dnx-ventures) — Series A
- iSGS Investment Works (https://capitalatlas.ai/funds/isgs-investment-works) — Series A