The company claims that it will use the funds to increase engineers as well as strengthen their sales and marketing team for expanding their payments solution and services: Coiney Terminal (smartphone-based payments solution for real stores), Coiney Payge (web-based payments solution for online transactions) in addition to Coiney Engine. Coiney Engine uses artificial intelligence to offer an evaluation of business enterprises based on the accumulation of payments history and various statistical data from the Coiney Terminal and Coiney Payge services. It is used to see the credibility of a company when they apply for business loans from banks partnering with the payments startup.

http://thebridge.jp/en/2017/02/coiney-7-1-million-funding