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Japan startup expands post-pay service for shoppers without credit cards

Paidy secures $55m from Itochu and Goldman Sachs to deploy AI-backed services

Paidy has 1.4 million users, most of whom are young women in their twenties. 

TOKYO -- Japanese fintech startup Paidy said Thursday it had secured $55 million in funding from investors including Japanese trading house Itochu and investment bank Goldman Sachs.

The company offers young customers who do not have credit cards a post-pay credit service. Itochu and Paidy plan to develop new financial services using the startup's customer database and credit examination system backed by artificial intelligence technology.

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