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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
origami.com

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Founded Year

2012

Stage

Acquired | Acquired

Total Raised

$77.49M

About Origami

Origami is a mobile platform for cashless payments. Origami enables consumers to discover and purchase products from top international brands, both when browsing online and when shopping in the real world.On January 23rd, 2020, Origami was acquired by Mercari. Terms of the transaction were not disclosed.

Origami Headquarter Location

31F Roppongi Hills Mori Tower 6-10-1 Roppongi, Minato-ku

Tokyo, 106-6131,

Japan

Latest Origami News

Mercari Acquires Rival Marketplace App Origami

Jan 24, 2020

By PYMNTS Mercari , the flea market app in Japan with nearly 15 million users, announced Thursday it is purchasing Origami , a payments platform also in Japan. The purchase amount is undisclosed, according to DealStreetAsia . Mercari plans to merge Origami Pay with their own Merpay service to battle competition from Softbank’s rival app PayPay. With plans to compete in U.S. markets against larger companies with similar business models like Craigslist and eBay, Mercari intends to improve current money losses with the expansion. Unlisted Origami has not revealed data about its user total and demographics. The app lets consumers make payments with QR codes popular in Chinese and Indian markets. Mercari’s June 2018 IPO netted the company $7.4B. Last year, in a move anticipating this week’s, Mercari partnered with another company, Line, for a joint mobile payment arrangement against fierce competition in Japan’s cashless payment space. The country is “one of the most heavily cash-dependent economies in the world” and the government now intends to move consumers away from a traditional reliance on cash and double the cashless payments transactional rates to 40 percent by the year 2027. SoftBank acquired 23 million users when an earlier 10 billion yen ($90 million) rebate campaign resulted in high consumer demand at discount electronics stores. One less effective attempt to attract users to digital payments was by convenience store operator Seven & Holdings, a Japanese convenience store, which unsuccessfully tried to increase digital payments as customers abandoned the company’s 7pay service in 2019 after a cyberattack on some users. Japanese customers have a long history of utilizing online payments services for purchases such as train tickets, but retailers have been slow to move beyond traditional transaction arrangements like cash and credit cards. No cashless payment method has gained traction despite the government’s encouragement and a technology shift in consumer sectors. ——————————–

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Research containing Origami

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Origami in 1 CB Insights research brief, most recently on Jul 29, 2020.

Expert Collections containing Origami

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Origami is included in 4 Expert Collections, including E-Commerce.

E

E-Commerce

9,049 items

P

Payments

1,767 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

2

2018 Fintech 250

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

F

Fintech

2,870 items

Track and capture company information and workflow.

Origami Patents

Origami has filed 27 patents.

The 3 most popular patent topics include:

  • Network protocols
  • Biennial sporting events
  • Computer printing
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/7/2020

6/15/2021

Horology, Watches, Watch brands, Timekeeping components, Luxury brands

Grant

Application Date

1/7/2020

Grant Date

6/15/2021

Title

Related Topics

Horology, Watches, Watch brands, Timekeeping components, Luxury brands

Status

Grant

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