Origami
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Origami Inc. was a Tokyo fintech founded in 2012 that built Origami Pay, a QR-code mobile payment service launched in 2016. It focused on small and medium merchants, partnering with Shinkin Central Bank in 2018 to reach 256 Shinkin banks and signing 80,000 merchants by late 2018. Its investors included KDDI, Credit Saison, SoftBank, Toyota Financial Services, SBI Group, JCB and UnionPay International.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Origami Inc. was founded in Tokyo in 2012 as a mobile cashless payments company.
- Growth
Origami Pay formed a capital and business alliance with Shinkin Central Bank to promote cashless payments among regional SMEs, and by November 2018 about 80,000 merchants had agreed to deploy it.
- Acquired
In January 2020 Merpay, Mercari's payments subsidiary, agreed to acquire all shares of Origami for an undisclosed amount; the deal closed in February, and on February 28 Origami announced the Origami Pay service would end in June and be merged into Merpay to compete with SoftBank's PayPay.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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