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
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name 99Bill Corp
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$95.57 M (USD)
in 7 rounds
-
Latest Funding Round
$27 M (USD), Series C
Dec 19, 2012
-
Investors
Lightspeed Venture Partners
& 3 more
-
Employee Count
Employee Count
-
Acquired by
Wanda Group
(Dec 26, 2014)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $27.0M
-
First Round
First Round
(11 Aug 2005)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Series C - 99bill | Valuation |
investors |
|
| Oct, 2010 | Amount | Series C - 99bill | Valuation |
investors |
|
| Jul, 2009 | Amount | Series B - 99bill | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Tech-focused seed, early, and mid-stage VC investments are made globally.
|
Founded Year | Domain | Location | |
|
Private equity investments are managed across multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by 99bill
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - 99bill
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
99Bill Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
|
|
| domain | founded_year | HQ Location |
Software and hardware-based terminals for merchants
|
|
| domain | founded_year | HQ Location |
POS payment terminals are supplied for business operations by SUNMI.
|
|
| domain | founded_year | HQ Location |
POS payment acceptance solution for businesses
|
|
| domain | founded_year | HQ Location |
Card payments are enabled on smartphones for Russian merchants.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about 99bill
When was 99bill founded?
99bill was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is 99bill located?
99bill is headquartered in Shanghai, China.
Who is the current CEO of 99bill?
Gao Yukun is the current CEO of 99bill.
Is 99bill a funded company?
99bill is a funded company, having raised a total of $95.57M across 7 funding rounds to date. The company's 1st funding round was a Series B of $2M, raised on Aug 11, 2005.
What does 99bill do?
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.
Who are 99bill's investors?
99bill has 4 investors. Key investors include Lightspeed Venture Partners, Wanda Group, DCM, and Peninsula Capital Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.