Jamm Pay Raises Approximately JPY 500m in Seed Round
Jamm, which aims to realize a free payment society, has completed a fundraising of 496 million yen through third-party allocation with ANRI and XTech Ventures as co-leads, and DG Daiwa Ventures and Riku Sugie (former Paidy CEO) as participants.
About "Digital Cash Payment! Jamm"
"Digital Cash Payment! Jamm" is a new payment service that allows direct payment from your regular bank account.
Users can complete bank account payments by simply selecting "Digital Cash Payment! Jamm" on online payment pages.
Progress Since Previous Funding
The Proof of Concept (PoC) has been completed, and Jamm is about to introduce the service to major merchants.
This will enable merchants to allow "non-credit card preferring" users to make both one-time and recurring payments directly from their bank accounts through "Digital Cash Payment! Jamm."
Anticipating future increases in payment volume, Jamm has designed a highly scalable system architecture from the initial stage, investing in an architecture capable of instant processing even when transaction volumes increase several-fold. From an audit and reliability perspective, Jamm has built an internal double-entry bookkeeping system directly linked to the payment system, ensuring daily verification that merchant sales amounts match Jamm's cash balances.
Features Added Since Previous Funding Announcement
Overall Payment System
- Integration with 309 financial institution accounts
- Development of Jamm internal automated accounting system and integration with Jamm payment system
- Provision of two identity verification methods compliant with anti-money laundering laws (Method F and Method G)
- Support for high-value payments exceeding 100,000 yen
User-Facing Features
- Payment history confirmation from Jamm Home
- Implementation of payment notification functionality
- Development of iOS/Android apps for users (scheduled for release soon)
- Passkey authentication
Merchant-Facing Features
- Provision of merchant dashboard
- Payment information search functionality
- Monthly payment information download function (PDF, CSV)
- Refund functionality
- Payment cancellation functionality
- Provision of various SDKs
- Provision of modules for payments outside smartphone apps
- Publication of developer documentation center
Furthermore, Jamm is already fully prepared for the "online support outside app payments" scheduled to be deregulated in December 2025.
Norbert Gehrke
