About 99bill
99bill is a company based in Shanghai (China) founded in 2004 by Oliver Kwan was acquired by Wanda Group in December 2014. 99bill has raised $95.57 million across 7 funding rounds from investors including Lightspeed Venture Partners, Wanda Group and DCM. 99bill operates in a competitive market with competitors including Ezetap, YeahKa, SUNMI, Lakala and 2can, among others.
- Headquarter Shanghai, China
- Founders Oliver Kwan
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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
- Legal Name 99Bill Corp
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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
$95.57 M (USD)
in 7 rounds
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Latest Funding Round
$27 M (USD), Series C
Dec 19, 2012
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Investors
Lightspeed Venture Partners
& 3 more
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Employee Count
Not available
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Acquired by
Wanda Group
(Dec 26, 2014)
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Funding Insights of 99bill
99bill has successfully raised a total of $95.57M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $27 million completed in December 2012. 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 99bill
99bill has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Lightspeed Venture Partners, Wanda Group and DCM.
| Investor | Description | Founded Year | Domain | Location |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Private equity investments are managed across multiple sectors.
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Investor details for 99bill
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Investments & Acquisitions by 99bill
Investment portfolio details for 99bill
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Financial Statements - 99bill
Detailed financials for 99bill
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99Bill Comparisons
Peer comparison for 99bill
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Competitors of 99bill
99bill 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 Ezetap, YeahKa, SUNMI, Lakala and 2can, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Cloud-based mPOS software and hardware solutions are provided for businesses.
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Software and hardware-based terminals for merchants
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POS payment terminals are supplied for business operations by SUNMI.
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POS payment acceptance solution for businesses
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Card payments are enabled on smartphones for Russian merchants.
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Detailed competitors of 99bill
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Latest news on 99Bill
Complete news archive for 99bill
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Frequently Asked Questions about 99bill
99bill was founded in 2004 and raised its 1st funding round 1 year after it was founded.
99bill is headquartered in Shanghai, China.
Gao Yukun is the current CEO of 99bill.
99bill is a funded company, having raised a total of $95.57M across 7 funding rounds to date.
99Bill was established in 2004 in Shanghai, China, within the fintech sector focused on payment solutions. Hardware-based POS terminals are supplied to businesses for handling online and offline transactions. Mobile POS (mPOS) systems are offered specifically for online payments. Support is extended to transactions involving NFC-enabled cards, enabling secure and versatile payment processing across various business environments.
99bill has 4 investors. Key investors include Lightspeed Venture Partners, Wanda Group, DCM, and Peninsula Capital Partners.