About RiverPay
RiverPay is a Financial Services company based in Mississauga (Canada) founded in 2017 by Yue Hua and Ryan Zheng. It operates as a mobile payment gateway for accepting AliPay and WeChat payments. RiverPay has raised $10 million across 2 funding rounds from investors including Extreme Venture Partners, Marathon Venture Partners and DHVC. Its chief executive is Ryan Zheng. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Flutterwave, Square, PayU, Nuvei and ACI Worldwide and 4 more; 6 of its 9 listed competitors have raised funding.
Company details
RiverPay provides a mobile payment gateway for North American merchants to accept payments from Chinese mobile wallets such as AliPay and WeChat. Users can integrate the gateway to their website or mobile app to accept payments. Provides back-end settlement of CNY to local currencies such as USD, CAD etc.
- Headquarters Mississauga, Canada
- Founders Yue Hua, Ryan Zheng
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website riverpayment.com
- Social LinkedIn
- Total Equity Funding$10M (USD)
in 2 rounds
- Latest Funding Round$10M (USD), Series A
Oct 2017
- InvestorsExtreme Venture Partners
& 2 more
Funding Insights of RiverPay
RiverPay has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in October 2017. 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 $10M
- Total Rounds 2
- Last Round Series A — $10M
- Investors Count 3
All 2 funding rounds of RiverPay with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $10M | Series A | – | Extreme Venture Partners, Marathon Venture Partners | – |
| Jun 2017 | – | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in RiverPay
RiverPay has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Extreme Venture Partners, Marathon Venture Partners and DHVC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed & early stage tech-focused VC firm investing in geographies such as the US and Canada | – | evp.vc | Toronto, Canada | |
- | – | marathonvp.com | - | |
Early-stage and growth-stage tech startups are funded by DHVC. | – | dh.vc | Palo Alto, United States |
Investor details for RiverPay
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People of RiverPay
2 people are tracked at RiverPay (2 in leadership).
| Name | Role | Group |
|---|---|---|
Yue Hua | Co-Founder | Leadership |
Ryan Zheng | Co-Founder & CEO | Leadership |
Complete people profiles for RiverPay
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Timeline of RiverPay
3 dated milestones of RiverPay, from founding to its latest funding, stage changes and deals.
- Founded RiverPay is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $10.0M.
Competitors of RiverPay
RiverPay has 9 listed competitors in our database, 6 of them funded. They include Flutterwave, Square, PayU, Nuvei and ACI Worldwide, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flutterwave.com | 2016 | San Francisco, United States | $489.41M | – | Provider of payment processing solutions for businesses | |
| squareup.com | 2009 | San Francisco, United States | $519.75M | 11,372 | POS solutions are provided for retail businesses. | |
| payu.com | 2002 | Amsterdam, Netherlands | $35.15M | 1,200 | Online payment processing and credit solutions are provided for businesses. | |
| nuvei.com | 2003 | Montreal, Canada | $321.71M | – | Payment processing solutions are delivered to merchants and businesses. | |
| aciworldwide.com | 1975 | Omaha, United States | – | 4,732 | Digital payments are processed and managed via specialized solutions. | |
| wirecard.com | 1999 | Aschheim, Germany | – | 4,989 | Payment processing solutions are provided for businesses and merchants. | |
| cybersource.com | 1994 | Foster, United States | – | – | Global e-commerce payment processing and security services are managed. | |
| vancopayments.com | 2007 | Atlanta, United States | $87M | 257 | Payment gateway solutions are provided for faith-based organizations and nonprofits. | |
| paystone.com | 2009 | London, Canada | $78.27M | – | Customer engagement solutions for businesses are provided by Paystone. |
Detailed competitors of RiverPay
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Top companies in Payments & Remittance Platforms
10 companies that operate in the same segment as RiverPay (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | 16,622 | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, North Holland, Netherlands | USD 35.15 M | USD 5.47 B | 3,355 |
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Related news about Riverpay
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Frequently Asked Questions about RiverPay
RiverPay was founded in 2017.
RiverPay is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Ryan Zheng is the current CEO of RiverPay. They have also founded this company.
RiverPay is a funded company, having raised a total of $10M across 2 funding rounds to date.
RiverPay provides a mobile payment gateway for North American merchants to accept payments from Chinese mobile wallets such as AliPay and WeChat. Users can integrate the gateway to their website or mobile app to accept payments. Provides back-end settlement of CNY to local currencies such as USD, CAD etc.
RiverPay's top competitors include PayU, Flutterwave and Square.
RiverPay has 3 investors. Key investors include Extreme Venture Partners, Marathon Venture Partners, and DHVC.