About JiPay
JiPay is a company based in Hong Kong (China) founded in 2021 by Dayana Yermolayeva. It operates as a D2C. JiPay has raised $1.3 million across 2 funding rounds from investors including East Ventures, SHL Capital and MAIN. JiPay offers products and services including Jipay App. JiPay operates in a competitive market with competitors including Octopus, T24 Payvault, Ya Cool, Open Desk Technology and Visa Platinum Gold, among others.
- Headquarter Hong Kong, China
- Founders Dayana Yermolayeva
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Sectors
Financial ServicesTechnology
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.3 M (USD)
in 2 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Mar 31, 2022
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Investors
East Ventures
& 4 more
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Employee Count
Employee Count
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Products & Services of JiPay
JiPay offers a comprehensive portfolio of products and services, including Jipay App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tools for effective finance management and side income generation.
Funding Insights of JiPay
JiPay has successfully raised a total of $1.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in March 2022. 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 2
- Last Round Seed — $1.3M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Seed - JiPay | Valuation | East Ventures | |
| Nov, 2021 | Amount | Seed - JiPay | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in JiPay
JiPay has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include East Ventures, SHL Capital and MAIN. 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 |
|---|---|---|---|---|
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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location | |
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Early-stage investments in startups are managed by SHL Capital.
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Founded Year | Domain | Location | |
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A network for angel investors is facilitated by MAIN.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by JiPay
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - JiPay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jipay Comparisons
Competitors of JiPay
JiPay 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 Octopus, T24 Payvault, Ya Cool, Open Desk Technology and Visa Platinum Gold, 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 |
Octopus is recognized as a leading payment solution provider in Hong Kong.
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| domain | founded_year | HQ Location |
Provides prepaid reloadable card solutions for convenient transactions.
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| domain | founded_year | HQ Location |
Prepaid card issuance and acceptance are facilitated for digital payments.
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| domain | founded_year | HQ Location |
Offers a multi-purpose prepaid card for individual users.
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| domain | founded_year | HQ Location |
Offers prepaid Visa cards for users in the Middle East region.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Jipay
Frequently Asked Questions about JiPay
When was JiPay founded?
JiPay was founded in 2021.
Where is JiPay located?
JiPay is headquartered in Hong Kong, China.
Is JiPay a funded company?
JiPay is a funded company, having raised a total of $1.3M across 2 funding rounds to date.
What does JiPay do?
Jipay is a financial application designed to help users manage personal finances effectively by providing practical tips and strategies. It focuses on generating additional income through side hustles and optimizing budgets for better financial stability. The app delivers step-by-step guidance on saving and investing wisely, drawing from various financial advice sources. While primarily aimed at individuals seeking financial improvement, it lacks specific location or client details in available information.
Who are the top competitors of JiPay?
JiPay's top competitors include Octopus, Ya Cool and T24 Payvault.
What products or services does JiPay offer?
JiPay offers Jipay App.
Who are JiPay's investors?
JiPay has 5 investors. Key investors include East Ventures, SHL Capital, MAIN, Shivaas Gulati, and Iterative.
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