SPEAKER: Russell Cummer, Founder and Executive Chairman of Paidy

HOSTING COMMITTEE: Alternative Investment

MEMBER FEE: ¥600 | GUEST FEE: ¥1,200

Registration/Cancellation Deadline: Thursday, August 27 (10:00)

After more than three and a half years, Paidy is returning to present again to the ACCJ-AIC about its successful Fintech venture, which allows ecommerce shoppers to buy now and pay later without a credit card.

Today Paidy covers over 100 million Japanese consumers for real-time online payments. It aggregates the most popular non-credit card payments into a single, real-time, 100% guaranteed payment network available to all qualifying consumers. Combining Big Data Streaming and Machine Learning with years of risk analysis experience, Paidy has developed the largest cardless, real-time payment network in Japan.

Paidy CEO Russell Cummer spoke to the AIC in June 2016 after the company had completed raising a Series A round of funding. Back then he spoke about the challenges and rewards of launching a venture, raising funds, creating the service, raising consumer awareness, and generating revenue.

Now Paidy faces a range of different challenges in scaling its business. Paidy has raised altogether a total of USD 200 million in VC funding, grown its team of more than 30 nationalities across 150 staff members in Roppongi, and is planning to sell services to large organizations in Japan.

Russell is the Founder and Executive Chairman of Paidy. He has been a fintech-focused entrepreneur in Asia for more than ten years. At the start of his career, Russell spent 7 years in financial markets, first as a member of the Merrill Lynch Global Equity Derivatives Strategy Group in Hong Kong and then as a proprietary-focused trader on the Asia Credit and Convertibles Trading desk at Goldman Sachs in Tokyo and Hong Kong. Russell was born in Singapore and grew up in Hong Kong and Canada.

Russell holds a B.Sc. in Physics from Imperial College London and an M.S. in Financial Mathematics from Stanford University.