Pay2o raises 1.7億円 in seed round for bank-account recurring payments
The service collects monthly fees from bank accounts without handling card numbers. The funds go to hiring and to expanding the product and its API.
Pay2o, a payment service for recurring charges such as monthly tuition and membership fees, announced on the 5th a seed round of 1.7億円, The Bridge reports. thebridge.jp
The Bridgethebridge.jpOpen source ↗ XTech Ventures led the round, and Mizuho Capital and Plaid subscribed to the third-party share allotment.
The funds will go to hiring in sales and customer success and to expanding the product and its external API, which has been launched for SaaS providers. After operating in stealth, the company plans to sign large multi-site operators and to integrate with SaaS for member management and booking.
Pay2o does not handle card numbers; payers pay from a bank account using a smartphone. Fees start at 0.95% excluding tax, depending on the financial institution and transaction scale. Payer accounts require passkey login, and bank authentication takes place on the bank's own page.
Monthly charges, re-billing and reminders after failed payments are automated, with retries for up to 30 days. thebridge.jp
The Bridgethebridge.jpOpen source ↗ The product launched in February. The company cites Japan Credit Association data: card fraud losses in 2025 were about 510億円, about 93% from stolen card numbers.
