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Japanese instant-credit provider Paidy raises $143 million from investors including PayPal Ventures

Paidy, a Japanese financial tech startup that provides instant credit to consumers in Japan, announced today that it has raised a total of $143 million in new financing.

While this makes online shopping easier for consumers, it presents several challenges for sellers, because they need to cover the cost of merchandise that hasn’t been paid for yet or deal with uncompleted deliveries.

Paidy’s solution is to make it possible for people to pay for merchandise online without needing to create an account first or use their credit cards.

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