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Omise

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uuid0006wr6

Namestring
Omise
Legal namestring
Omise Co., Ltd.
Websiteurl
omise.co
Company typeenum
Private
Founded yearint
2013
Descriptiontext

Omise is an online payment platform founded in 2013 in Bangkok, Thailand, operating as Omise Co., Ltd. and also branded as Opn Payments. The company provides payment acceptance, orchestration, and value-added financial infrastructure to merchants ranging from small businesses to large enterprises, with documented customers spanning QSR (McDonald's Thailand), logistics (DHL), convenience retail (7-Eleven), insurance (Allianz), automotive (BMW), hospitality (Grand Hyatt), and consumer brands (Pomelo, Freshket, Coway). It supports 100+ payment methods across five jurisdictions (Thailand, Singapore, Malaysia, Japan, United States) and maintains a 99.99% uptime SLA with PCI DSS certification.

The core product suite includes Accept Payments, Payment Links+ (for recurring and one-off links), Manage Transactions, Payment Orchestration, PayFac (Payment Facilitator-as-a-Service), Acquiring, Professional Services, and Omise AI. Underlying technology encompasses network tokenization, ML-based fraud detection, AI-mediated intelligent routing, the Omise.js client library, mobile SDKs, and plugin integrations for Shopify, WooCommerce, Magento, Wix, OpenCart, PrestaShop, and EC-CUBE. Strategic acquisitions and partnerships include Paysbuy (2017 acquisition to consolidate Thailand acquiring), McDonald's Thailand (2017), SHOPLINE (2021, driving $100M+ processed GMV), MONOMAX / JAS Premier League (2025-2031), and a Visa token security partnership (2026).

Omise generates revenue through transaction-based fees on processed payments, recurring subscription services, and project-based professional services, with pricing delivered via custom quotes rather than published rate cards. The go-to-market combines a self-serve SMB funnel (driven by e-commerce platform plugins and Payment Links+) with direct enterprise sales into enterprise accounts and a PayFac distribution layer (notably SHOPLINE) that embeds Omise as the default rail for downstream merchants. The company employs 251-500 staff and is led by founder and Group CEO Jun Hasegawa, supported by a C-suite spanning operations, technology, finance, and business development.

Short descriptiontext

Omise (Opn Payments) is a Southeast Asian-founded online payment platform providing payment processing, orchestration, PayFac, network tokenization, and ML-based fraud detection to SMB and enterprise merchants across Thailand, Singapore, Malaysia, Japan, and the United States.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersBangkok, Thailand
HQ citystring
Bangkok
HQ countrystring
Thailand
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
payment processing, online payment gateway, payment orchestration, network tokenization, fraud protection
Industry4 codes
1Omnichannel Acquirers (Unified In-store + Online)
CodeFSAMABAHPrimaryYes
2Embedded Payments (Pay-ins, Pay-outs, Wallets)
CodeFSAGALABPrimaryNo
3Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service)
CodeFSAMAEAIPrimaryNo
4Recurring Payments & Variable Recurring Payments (VRP) Enablement
CodeFSAGACAJPrimaryNo
NAICS code2 codes
  • Financial Transactions Processing, Reserve, and Clearinghouse Activities52232
  • Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services518210
SIC code2 codes
  • Services-Computer Programming, Data Processing, Etc.7370
  • Services-Computer Integrated Systems Design7373
Product category
Payment Processing
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Payment Processing Transaction Fees
TypeTransaction Fee
Description

Omise charges merchants transaction fees for processing payments through credit/debit cards, e-wallets, bank transfers, and other payment methods. Fees vary by payment method and merchant category.

omise.co
2Subscription Services
TypeSubscription Recurring
Description

Recurring subscription revenue from merchants using Omise's payment infrastructure, including features like Subscription API for recurring billing, Payment Orchestration, and premium support tiers.

omise.co
3Professional Services
TypeProfessional Services
Description

Consultant services for fintech growth providing expert guidance for businesses implementing payment solutions, particularly for financial institutions.

omise.co
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Pricing details1 tier
1Custom enterprise pricing based on business requirements
ModelTransaction based/ take rateBilling cadenceMonthly
Notes

Quote-based pricing; merchants need to contact sales for specific rates. Pricing varies by payment method (cards, e-wallets, bank transfers), transaction volume, and required features.

omise.co
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

Omise is a cloud-based payment technology platform that enables businesses to accept online payments through RESTful APIs, SDKs, and pre-built integrations. The platform supports 100+ payment methods globally including credit cards, e-wallets, bank transfers, and BNPL, with built-in Network Tokenization, AI-powered fraud protection, and 99.99% uptime. Omise also offers Payment Orchestration, embedded payments (PayFac), and acquiring infrastructure for platforms and financial institutions.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • Payment success rate improvement through intelligent routing and optimization
+5 more records
Product overview1 text field

Omise is a payment technology platform offering a comprehensive suite of payment solutions for businesses of all sizes. The core product is Accept Payments (online checkout with RESTful API), supplemented by add-on modules including Payment Links+ (link-based payments), Manage Transactions (dashboard and reporting), and Omise AI (fraud protection and intelligent routing). For platforms and banks, Omise provides Payment Orchestration (multi-gateway management), PayFac (embedded payments), and Acquiring (processing technology). The Professional Service offers fintech consulting. The platform supports 100+ payment methods across Asia, maintains 99.99% uptime, and integrates with major e-commerce platforms including Shopify, WooCommerce, Magento, and OpenCart.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierFlagshipTypeTechnology or IntegrationAnnounced on2026-03-01
Description

Omise and Visa collaborated on token security solutions to combat credit card fraud. The partnership leverages Visa's tokenization standards and Omise's payment infrastructure to enhance transaction security.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-08-05
Description

MONOMAX streaming platform partnered with Omise as the official payment provider for Premier League and FA Cup streaming (2025-2031). Omise provides subscription payment infrastructure supporting recurring billing, credit/debit cards, bank transfers, and QR code payments.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-08-05
Description

JAS secured exclusive rights to broadcast Premier League and FA Cup in Thailand, Laos, and Cambodia (2025-2031). MONOMAX serves as the official streaming platform, powered by Omise payment infrastructure.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2021-05-01
Description

SHOPLINE, a leading SaaS e-commerce platform, partnered with Omise for payment processing. The partnership enables SHOPLINE merchants to accept PayNow and card payments seamlessly. Since May 2021, the partnership has processed over $100 million USD in GMV.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Monomax partnered with Paramount+ to provide premium international content, complementing the streaming platform's payment infrastructure powered by Omise.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global API-first payment processor serving developers and enterprise merchants with card processing, subscriptions, and fraud tools. Most direct competitor to Omise's core payment-acceptance and orchestration stack.

TypeDirect peer
Description

Global omnichannel payment processor and acquirer providing unified in-store and online processing for enterprise merchants — directly comparable to Omise's Acquiring and Payment Orchestration offerings.

TypeRegional player
Description

Southeast Asia-headquartered payment service provider offering cross-border payment processing and acquiring, similar regional heritage and APM coverage as Omise.

TypeRegional player
Description

Indonesia-focused payment gateway under GoTo serving merchants with card processing, e-wallets, and virtual accounts across Southeast Asia — overlapping customer base and payment-method breadth with Omise.

TypeBroad incumbent
Description

Global unified payments processor competing for enterprise and platform merchants with omnichannel acquiring and orchestration — a broader incumbent but increasingly competing head-to-head with Omise in APAC.

TypeEmerging player
Description

India-based payment gateway and PayFac serving SMBs and SaaS platforms — closely comparable to Omise's PayFac and plugin-ecosystem model in an emerging market.

TypeRegional player
Description

Pan-Asian payment service provider offering card processing, e-wallets, and APMs across multiple Asian markets — overlapping APM coverage and regional enterprise merchant focus with Omise.

TypeBroad incumbent
Description

Global incumbent in online payments whose Braintree unit directly competes with Omise for developer-led and enterprise merchant integration in card processing and fraud.

TypeBroad incumbent
Description

Large global merchant acquirer and processor with growing APAC presence, comparable to Omise's Acquiring product and enterprise payment-orchestration positioning.

TypeEmerging player
Description

Singapore-based all-in-one payment platform for SMBs offering card processing, payment links, and multi-channel acceptance — a comparable regional SMB-focused competitor to Omise's Accept Payments product.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat7 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers11 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
Yes

Docs URL, Description

Integration7 records

Each record includes

Title, Type, Description, Source

AI capability4 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles6 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Omise

Payment Processingomise.co

Omise (Opn Payments) is a Southeast Asian-founded online payment platform providing payment processing, orchestration, PayFac, network tokenization, and ML-based fraud detection to SMB and enterprise merchants across Thailand, Singapore, Malaysia, Japan, and the United States.

What Omise does

Omise is an online payment platform founded in 2013 in Bangkok, Thailand, operating as Omise Co., Ltd. and also branded as Opn Payments. The company provides payment acceptance, orchestration, and value-added financial infrastructure to merchants ranging from small businesses to large enterprises, with documented customers spanning QSR (McDonald's Thailand), logistics (DHL), convenience retail (7-Eleven), insurance (Allianz), automotive (BMW), hospitality (Grand Hyatt), and consumer brands (Pomelo, Freshket, Coway). It supports 100+ payment methods across five jurisdictions (Thailand, Singapore, Malaysia, Japan, United States) and maintains a 99.99% uptime SLA with PCI DSS certification.

The core product suite includes Accept Payments, Payment Links+ (for recurring and one-off links), Manage Transactions, Payment Orchestration, PayFac (Payment Facilitator-as-a-Service), Acquiring, Professional Services, and Omise AI. Underlying technology encompasses network tokenization, ML-based fraud detection, AI-mediated intelligent routing, the Omise.js client library, mobile SDKs, and plugin integrations for Shopify, WooCommerce, Magento, Wix, OpenCart, PrestaShop, and EC-CUBE. Strategic acquisitions and partnerships include Paysbuy (2017 acquisition to consolidate Thailand acquiring), McDonald's Thailand (2017), SHOPLINE (2021, driving $100M+ processed GMV), MONOMAX / JAS Premier League (2025-2031), and a Visa token security partnership (2026).

Omise generates revenue through transaction-based fees on processed payments, recurring subscription services, and project-based professional services, with pricing delivered via custom quotes rather than published rate cards. The go-to-market combines a self-serve SMB funnel (driven by e-commerce platform plugins and Payment Links+) with direct enterprise sales into enterprise accounts and a PayFac distribution layer (notably SHOPLINE) that embeds Omise as the default rail for downstream merchants. The company employs 251-500 staff and is led by founder and Group CEO Jun Hasegawa, supported by a C-suite spanning operations, technology, finance, and business development.

Omise firmographics

Firmographics
Name
Omise
Legal name
Omise Co., Ltd.
Website
https://omise.co
Company type
Private
Founded year
2013
Operating status
Operating
Headcount range
251–500 employees
Short description
Omise (Opn Payments) is a Southeast Asian-founded online payment platform providing payment processing, orchestration, PayFac, network tokenization, and ML-based fraud detection to SMB and enterprise merchants across Thailand, Singapore, Malaysia, Japan, and the United States.
Ownership category
akta.pro rank

Omise industry classification

Industry
Product category
Payment Processing
NAICS
Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
SIC
Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Integrated Systems Design (7373)
akta.pro primary industry
Omnichannel Acquirers (Unified In-store + Online) (FSAMABAH)
akta.pro secondary industries
Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI), Recurring Payments & Variable Recurring Payments (VRP) Enablement (FSAGACAJ)

Keywords

  • Payment processing
  • Online payment gateway
  • Payment orchestration
  • Network tokenization
  • Fraud protection

Where Omise is headquartered

Location

Headquarters

HQ city
Bangkok
HQ country
Thailand
HQ region
Asia

Offices1 record

Markets served

Omise business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

  1. Payment Processing Transaction Fees: Omise charges merchants transaction fees for processing payments through credit/debit cards, e-wallets, bank transfers, and other payment methods. Fees vary by payment method and merchant category.
  2. Subscription Services: Recurring subscription revenue from merchants using Omise's payment infrastructure, including features like Subscription API for recurring billing, Payment Orchestration, and premium support tiers.
  3. Professional Services: Consultant services for fintech growth providing expert guidance for businesses implementing payment solutions, particularly for financial institutions.

Pricing tiers

ModelBillingPrice
Transaction based/ take rateMonthlyCustom enterprise pricing based on business requirements

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Omise product offering

Product offering

Core offering

Omise is a cloud-based payment technology platform that enables businesses to accept online payments through RESTful APIs, SDKs, and pre-built integrations. The platform supports 100+ payment methods globally including credit cards, e-wallets, bank transfers, and BNPL, with built-in Network Tokenization, AI-powered fraud protection, and 99.99% uptime. Omise also offers Payment Orchestration, embedded payments (PayFac), and acquiring infrastructure for platforms and financial institutions.

Product overview

Omise is a payment technology platform offering a comprehensive suite of payment solutions for businesses of all sizes. The core product is Accept Payments (online checkout with RESTful API), supplemented by add-on modules including Payment Links+ (link-based payments), Manage Transactions (dashboard and reporting), and Omise AI (fraud protection and intelligent routing). For platforms and banks, Omise provides Payment Orchestration (multi-gateway management), PayFac (embedded payments), and Acquiring (processing technology). The Professional Service offers fintech consulting. The platform supports 100+ payment methods across Asia, maintains 99.99% uptime, and integrates with major e-commerce platforms including Shopify, WooCommerce, Magento, and OpenCart.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

  • Payment success rate improvement through intelligent routing and optimization
  • +5 more outcomes

Companies that use Omise

Customer profile

Named customers11 records

Segments5 records

Ideal customer profiles4 records

Omise technology and API

Technology

Technology focussed Yes

API detail

Has API
Yes
API docs
API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability4 records

Feature9 records

Omise partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered flagship, core and minor.

  • VisaflagshipTechnology or Integration · 1 March 2026Omise and Visa collaborated on token security solutions to combat credit card fraud. The partnership leverages Visa's tokenization standards and Omise's payment infrastructure to enhance transaction security.
  • MONOMAXcoreStrategic or Co-development Partner · 5 August 2025MONOMAX streaming platform partnered with Omise as the official payment provider for Premier League and FA Cup streaming (2025-2031). Omise provides subscription payment infrastructure supporting recurring billing, credit/debit cards, bank transfers, and QR code payments.
  • JAS (Jasmine International)coreStrategic or Co-development Partner · 5 August 2025JAS secured exclusive rights to broadcast Premier League and FA Cup in Thailand, Laos, and Cambodia (2025-2031). MONOMAX serves as the official streaming platform, powered by Omise payment infrastructure.
  • SHOPLINEcoreStrategic or Co-development Partner · 1 May 2021SHOPLINE, a leading SaaS e-commerce platform, partnered with Omise for payment processing. The partnership enables SHOPLINE merchants to accept PayNow and card payments seamlessly. Since May 2021, the partnership has processed over $100 million USD in GMV.
  • Paramount+minorStrategic or Co-development PartnerMonomax partnered with Paramount+ to provide premium international content, complementing the streaming platform's payment infrastructure powered by Omise.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Omise competitors and assessment

Company assessment

Direct peers

  • Stripe: Global API-first payment processor serving developers and enterprise merchants with card processing, subscriptions, and fraud tools. Most direct competitor to Omise's core payment-acceptance and orchestration stack.
  • Adyen: Global omnichannel payment processor and acquirer providing unified in-store and online processing for enterprise merchants — directly comparable to Omise's Acquiring and Payment Orchestration offerings.

Regional players

  • 2C2P (Thunes): Southeast Asia-headquartered payment service provider offering cross-border payment processing and acquiring, similar regional heritage and APM coverage as Omise.
  • Midtrans (GoTo Group): Indonesia-focused payment gateway under GoTo serving merchants with card processing, e-wallets, and virtual accounts across Southeast Asia — overlapping customer base and payment-method breadth with Omise.
  • AsiaPay: Pan-Asian payment service provider offering card processing, e-wallets, and APMs across multiple Asian markets — overlapping APM coverage and regional enterprise merchant focus with Omise.

Broad incumbents

  • Checkout.com: Global unified payments processor competing for enterprise and platform merchants with omnichannel acquiring and orchestration — a broader incumbent but increasingly competing head-to-head with Omise in APAC.
  • PayPal (Braintree): Global incumbent in online payments whose Braintree unit directly competes with Omise for developer-led and enterprise merchant integration in card processing and fraud.
  • Worldpay: Large global merchant acquirer and processor with growing APAC presence, comparable to Omise's Acquiring product and enterprise payment-orchestration positioning.

Emerging players

  • Razorpay: India-based payment gateway and PayFac serving SMBs and SaaS platforms — closely comparable to Omise's PayFac and plugin-ecosystem model in an emerging market.
  • HitPay: Singapore-based all-in-one payment platform for SMBs offering card processing, payment links, and multi-channel acceptance — a comparable regional SMB-focused competitor to Omise's Accept Payments product.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

Omise social profiles

Digital presence

Omise compliance and trust

Trust signal

Compliance1 record

Omise financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Omise leadership team

Management profile

Number of profiles

Profiles6 records

Omise funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Omise M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Omise

What does Omise do?

Omise is a cloud-based payment technology platform that enables businesses to accept online payments through RESTful APIs, SDKs, and pre-built integrations. The platform supports 100+ payment methods globally including credit cards, e-wallets, bank transfers, and BNPL, with built-in Network Tokenization, AI-powered fraud protection, and 99.99% uptime. Omise also offers Payment Orchestration, embedded payments (PayFac), and acquiring infrastructure for platforms and financial institutions.

Is Omise a public or private company?

Omise is a private company. It is classified as venture growth investor backed and is currently operating.

When was Omise founded?

Omise was founded in 2013. It employs 251 to 500 people.

Where is Omise based?

Omise is headquartered in Bangkok, Thailand, in the Asia region.

How does Omise make money?

Three revenue lines are on record. Payment Processing Transaction Fees are the primary driver. The others are subscription Services and professional Services.

Who are Omise's main competitors?

Direct peers on record are Stripe and Adyen. Regional players are 2C2P (Thunes), Midtrans (GoTo Group) and AsiaPay. Broad incumbents are Checkout.com, PayPal (Braintree) and Worldpay. Emerging players are Razorpay and HitPay.

Does Omise have an API?

Yes. RESTful API enabling developers to build payment processing, analytics, and automation into their applications. Supports operations including Charge, Transfer, Recipient, and Schedule (scheduled/reurring payments). Available with comprehensive documentation and SDKs in multiple programming languages including Python, Ruby, JavaScript, Go, .NET, Swift, and Kotlin. Documentation available at docs.omise.co. Developer documentation is at docs.omise.co.

What industry is Omise in?

Omise's product category is Payment Processing. Its primary akta.pro industry code is FSAMABAH, Omnichannel Acquirers (Unified In-store + Online), with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 52232 and its SIC code is 7370.

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Live signals
The Next WebHackers fix 20 security flaws in cryptocurrency-related platforms in 2 weeksWhite-hat hackers fixed 20 security bugs across eight cryptocurrency-related platforms in two weeks, earning at least $7,400. Omise led with eight reports, while Augur, Crypto.com, and others also paid bounties. The payouts reflect ongoing security efforts in blockchain projects.TechCrunchFollowing its $25M ICO, Omise lands strategic investment from Thai bank KrungsriThai payment company Omise has secured a strategic investment from Krungsri Bank, which is part of Japan's Mitsubishi UFJ Financial Group (MUFG). This partnership aims to leverage MUFG's blockchain expertise and global presence to enhance Omise's decentralized payment network, Omise Go. The collaboration will initially focus on the core payment business before expanding to developed solutions for enterprises in the Asia Pacific region.TechCrunchICOs aren’t just about raising lots of money, say founders who raised lots of money from ICOsAt TechCrunch Disrupt San Francisco, founders Eyal Hertzog of Bancor Network and Jun Hasegawa of Omise argued that ICOs represent more than fundraising, describing them as mechanisms for creating new online economies where tokens serve functional purposes within networks rather than acting as traditional equity. Bancor raised over $150 million and Omise raised $25 million through ICOs, with both companies emphasizing they deliberately capped their raises to only what they needed for network development and validation. Panelists including Pantera Capital's Dan Morehead highlighted that the critical signal for identifying promising ICO investments is whether the token is essential to the network's actual function.TechCrunchOmise acquires online payment business Paysbuy from Thai operator DtacOmise acquired Paysbuy from Thailand's Dtac, taking over its payment gateway and digital wallet. The deal follows Omise's $25 million ICO and aims to boost its Thailand market share and develop Omise Go. Dtac, owned by Telenor, sold the business after 10 years.TechCrunchOmise to raise $19M in first cryptocurrency sale from a major VC-backed startupOmise, a Thailand-based payment company operating in Japan and Southeast Asia, is planning to raise up to $19 million through an Initial Coin Offering for its OMG (Omise Go) token, making it the first major venture-backed startup to conduct an ICO. The token will power a decentralized payment platform designed to enable financial inclusion in emerging markets by allowing users to transfer money and make payments without requiring a bank account. The token sale is scheduled for June 7, with 65% of coins released during the sale, 20% retained by Omise for future costs, 10% allocated to the team, and 5% reserved for airdropping to existing Ethereum holders.FinSMEsOmise Raises Third Round of FinancingOmise, a Thailand-based online payment gateway, raised an undisclosed third round of financing from Golden Gate Ventures. The company, which had raised $2.6m in May, will use the funds to hire and expand into Singapore, with operations in Thailand and closed beta tests in Japan and Indonesia.TechCrunchOmise Lands More Funding To Expand Its Payment Service In Southeast AsiaBangkok-based payment startup Omise received a seven-digit investment from Singapore's Golden Gate Ventures to expand its payment processing service beyond Thailand to Indonesia and Japan by December, with plans to enter Singapore, Malaysia, Philippines, and Hong Kong within a year. The funding is the second-largest investment from Golden Gate Ventures, which recently launched a $50 million fund and is backing Omise's ambition to become a one-stop payment service for merchants expanding across Southeast Asia. Omise is also exploring blockchain technology for remittance payments in the region, with the Philippines identified as a key target market given its status as one of the world's largest remittance markets.