The company has planned to spend the the money raised on promoting LINE Pay and other new financial services by the end of 2021.
LINE Pay allows users to send money to one another using the chat application, as well as to make offline payments at stores.
The company is planning to launch a set of new financial services and it has also set up a Singapore-based cryptocurrency exchange BITBOX, though it has not obtained regulatory approval in Japan to run a crypto exchange.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now