Ping++, a Chinese integrated payment firm, raised “tens of million dollars” in its Series B round of financing.
The round was led by new investors China Broadband Capital Partners, L.P. (CBC) and Shengjing Technology with participation from existing investors Sequoia Capital and Linear Ventures.
The company intends to use the funds for team expansion, in order to enrich the product line, and further establishment of the base system.
Led by Yiye Jin CEO, Ping++ offers an integrated payment SDK and a comprehensive payment solution for developers. It integrates the major third-party payment channels (WeChat payment, AliPay, Union Pay, etc) into one set of unified API, and provides service from channel application to order/data management.
Ping++ currently supports payment in Apps, WeChat subscription, mobile webpage, PC and QR code, both online and offline, and serves over 6,300 clients, including online marketplaces, internet finance, O2O and gaming companies.