April 14, 2016
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Assignment of all the stakes in Paydesign, Inc. held 87.5% by the investment funds managed by DRC Capital (Japanese Limited Partnerships DRC I and DRC II, and DRC Capital Fund, LP and DRC Investment Fund, LP) was completed on April 14, 2016 when the stakes were sold to Metaps Inc., an internet data analysis and online payment service provider. DRC's involvement in Paydesign (formerly, Degital Check) started in August 2008 when DRCI made its first investment. DRC Funds subsequently increased their holdings and have been instrumental in improving the company's profit stability as well as in growth strategy implementation. Metaps, who provides online payment services, will take on a further growth of the company.
