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COMPANY PROFILE

Upsider

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Corporate cards and payment solutions, targeting fast-growing companies, including startups aiming for IPO

Tokyo, JapanFounded 2018Fintech
Valuation $100–250M Last recorded · 2025
Revenue $1–10M Latest reported FY
Headcount 100–500 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Upsider and the history behind them.

About Upsider

Upsider is a Japanese financial technology company that provides corporate cards and expense management software to businesses.

The company's main product is a corporate card that can be used for a variety of business expenses, such as travel, entertainment, and supplies. The card is linked to a cloud-based expense management platform that allows businesses to track and manage their spending in real time. The platform also includes features such as receipt scanning, automated expense reporting, and integration with accounting software.

Upsider's target market is small and medium-sized businesses in Japan. The company's business model is based on a subscription fee for its expense management platform, as well as interchange fees from the use of its corporate cards.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2018
Headquarters
Tokyo, Japan
Employees
94
Open positions
8
Dealroom signal
85.9/100
Industry
Fintech
Sub-industry
Payments, Banking
Sector
Fintech, Corporate Finance, Business Cards, Fintech Related, Challenger Bank, Employee Benefits
Business model
SaaS
Client focus
b2b
Investment activity
1 company, latest Jan 2025
Capital deployed
—
Preferred round
DEBT

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Jul 2025 $354M $506M Mizuho ↗
SERIES DOther financing Nov 2024 $42M $169M Mizuho Capital · Japan Airlines (JAL) · AG Capital · DNX Ventures ↗
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

Upsider website traffic

Latest recorded traffic for Upsider is 400K monthly website visits, up 2.6% over the last three months. Upsider's team grew 9.3% over the past year.

Latest monthly visits400K 3-month web change+2.6% 1-year team growth+9.3%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

22 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

  • SBI Shinsei Bank
  • ANRI
  • Itochu Technology Ventures
  • AG Capital
  • DNX Ventures
  • Base Partners
  • Global Brain Corporation

Series B and later14 investors entered at this stage

  • DST Global
  • World Innovation Lab
  • Mitsubishi UFJ Capital
  • Asian Venture Capital Journal
  • Arena Holdings
  • Tybourne Capital Management
  • Saison Ventures
  • Tencent
  • Mizuho Capital
  • Japan Airlines (JAL)
  • WiL
  • Sumi Trust Innovation Fund
  • QR Investment
  • SMBC Venture Capital

Other known investors1 additional known investor

  • Mizuho
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇯🇵 Japan95.5%
🇺🇸 United States3%
🇵🇱 Poland1.5%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Upsider on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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