Infcurion CEO Hiroki Maruyama poses with the company logo in Tokyo, Japan October 10, 2024. REUTERS/Makiko YamazakiTOKYO : Japanese payments company Infcurion is planning an initial public offering in Tokyo in 2025 as the company looks to accelerate its growth including through mergers and acquisitions, its executives told Reuters.
"We are planning to IPO next year and in doing so hope to firmly establish our presence, supplement our funds and execute including through mergers and acquisitions," Kenichi Nogami, Infcurion's chief financial officer, said in an interview. The company expects to be profitable in the current financial year ending March 31, as its credit card-issuing platform business has seen rapid growth in transactions, Nogami said.
"Instead of developing everything in-house, we're at a point where we can add offerings to our platform through M&A," Maruyama said.