iBoxPay Raises $10M in Series B Financing

According to Technode, iBoxPay, a Beijing, China-based mobile payment solution and platform provider, raised $10m in Series B financing.

Backers included SMIT, GSR Ventures and Atomic.

The company received 14 million yuan financing (about $2.3 mn) from GSR Ventures in 2011.

Led by Founder and CEO Hansen Han and COO Louis Li, iBoxPay provides China and Asia operators with Square-like mobile payment solutions and services, which are certified and secured by an exclusive partnership with China UnionPay.
The solutions feature dual audio verification and most safeguarded encryption, as well as RFID reader, barcode scanner, and e-signature.



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