About 55tuan
55tuan is a company based in Beijing (China) founded in 2010 by Wang Yunming. 55tuan has raised $250 million across 2 funding rounds from investors including Goldman Sachs, CDH and Zero2IPO Ventures. 55tuan operates in a competitive market with competitors including Flutterwave, PayU, Square, Adyen and Ant Group, among others.
- Headquarter Beijing, China
- Founders Wang Yunming
- Stage Public
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$250 M (USD)
in 2 rounds
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Latest Funding Round
$50 M (USD), Series A
May 22, 2014
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Investors
Goldman Sachs
& 2 more
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Employee Count
Not available
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Funding Insights of 55tuan
55tuan has successfully raised a total of $250M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $50 million completed in May 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in 55tuan
55tuan has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Goldman Sachs, CDH and Zero2IPO Ventures.
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Private equity and private debt firm focused on multiple sectors
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Investment banking services are delivered across multiple financial sectors.
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Investor details for 55tuan
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Investments & Acquisitions by 55tuan
Investment portfolio details for 55tuan
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Financial Statements - 55tuan
Detailed financials for 55tuan
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55Tuan Comparisons
Peer comparison for 55tuan
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Competitors of 55tuan
55tuan operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Square, Adyen and Ant Group, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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POS solutions are provided for retail businesses.
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Payment issuance and processing solutions are provided for businesses.
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Payment processing solution for consumers, small and micro businesses
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Digital payments are processed and managed via specialized solutions.
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Detailed competitors of 55tuan
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Latest news on 55Tuan
Complete news archive for 55tuan
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Frequently Asked Questions about 55tuan
55tuan was founded in 2010 and raised its 1st funding round 1 year after it was founded.
55tuan is headquartered in Beijing, China.
Wang Yunming is the current CEO of 55tuan. They have also founded this company.
55tuan is a funded company, having raised a total of $250M across 2 funding rounds to date.
55tuan was founded in 2010 in Beijing, China, as an O2O platform specializing in daily deals. Hyper-local offerings are focused on categories such as food, movies, wedding services, travel, hotels, beauty, health care, and entertainment. Operations emphasize offline-to-online connections, with the majority of users accessing services via a mobile app. The platform serves the local market in China.
55tuan's top competitors include PayU, Flutterwave and Adyen.
55tuan has 3 investors. Key investors include Goldman Sachs, CDH, and Zero2IPO Ventures.