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The latest update is out from giftee, Inc. ( (JP:4449) ).
Giftee Inc. has agreed a capital and business alliance with Kyash Inc., a Tokyo-based fund transfer and prepaid payment services provider, to strengthen its capabilities in corporate and municipal benefit disbursement. By integrating Kyash’s licensed payment infrastructure, consumer wallet and digital value issuance expertise with giftee’s existing e-gift solutions, the partners aim to offer one-stop, cash and non-cash value transfer options more closely aligned with client objectives and recipient needs.
Under the deal, giftee will deploy Kyash’s wallet and remittance functionality to its corporate and municipal customers and explore reciprocal collaborations leveraging both firms’ customer bases and resources. To solidify the long-term partnership, giftee will acquire newly issued and existing Kyash shares for a total of ¥1.6 billion, taking a 19.07% stake that is expected to enhance its platform competitiveness and expand its presence in the growing benefit and welfare payment market.
More about giftee, Inc.
Giftee Inc. is a Japan-based operator of an e-gift platform that provides end-to-end solutions from digital gift issuance to distribution for corporate and public-sector clients in Japan and overseas. Its core giftee for Business service supports corporate promotions, B-to-B and employee gifting, and municipal and government benefit disbursement, increasingly covering e-gifts, experiences, and physical goods.
Average Trading Volume: 477,698
Technical Sentiment Signal: Sell
Current Market Cap: Yen32.77B
Find detailed analytics on 4449 stock on TipRanks’ Stock Analysis page.