Line, a mobile messaging application, just raised $1.33 billion which will help aid the company in marketing their financial services technology. Line Pay was launched about 4 years ago and allowed their users to register their credit cards for use at hundreds of stores. Competition with the company’s chat feature is strenuous as they continue to make strides towards the likes of Facebook’s WhatsApp and China’s WeChat. Interestingly, while they struggle to show any signs of hope in user growth, their revenue stream is make incredible progress and with the recent capital raise, Line seems to be going all in on their financial technologies.
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