About Sumpay
Sumpay is a Financial Services company based in Hangzhou (China) founded in 2007, and was acquired by 500 Durians in November 2015. Payment gateway and prepaid card services are provided in China. Its focus areas include FinTech, Payments, Business Payments and Online Payments. Its competitors include Ant Group and Reap; 2 of its 2 listed competitors have raised funding.
Company details
Sumpay was founded in 2007 in Hangzhou, China, where a technology platform has been developed for third-party payment services. Licensing has been obtained to operate these services domestically. Offerings include payment gateways and offline prepaid card solutions. An investment of US35.6 million was made by 500.com, securing 63.0 equity in the company. Operations focus on the financial technology sector within China.
- Headquarters Hangzhou, China
- Stage Acquired
- SectorsFinancial Services
- Website sumpay.cn
- Acquired by 500 Durians (Nov 2015)
- Investors
- Acquired by500 Durians
(Nov 2015)
Funding Insights of Sumpay
- Total Rounds 2
All 2 funding rounds of Sumpay 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 |
|---|---|---|---|---|---|
| Dec 2014 | Series B | – | – | – | |
| Sep 2010 | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Sumpay
Sumpay has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 500 Lottery Network.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lottery games are offered via an online gambling platform. | 2001 | 500.com | Shenzhen, China |
Investor details for Sumpay
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Sumpay
4 dated milestones of Sumpay across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Sumpay is founded.
- Funding First funding round.
- Funding Latest funding round, Series B,.
- Exit Acquired by 500 Durians.
Competitors of Sumpay
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| antgroup.com | 2004 | Hangzhou, China | $30.5B | Payment processing solution for consumers, small and micro businesses | ||
| reap.global | 2010 | Hong Kong, China | $45.69M | Global financial infrastructure is provided powered by stablecoins. |
Detailed competitors of Sumpay
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Sumpay
Websites that share an audience with Sumpay (sumpay.cn).
Websites whose visitors overlap most with Sumpay. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bank.pingan.com | 100% | 114K | View details | ||
ec.iresearch.cn | ec.iresearch.cn | 60% | – | ||
southmoney.com | southmoney.com | 60% | #164,978 | – |
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Frequently Asked Questions about Sumpay
Sumpay was founded in 2007 and raised its 1st funding round 3 years after it was founded.
Sumpay is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Sumpay was founded in 2007 in Hangzhou, China, where a technology platform has been developed for third-party payment services. Licensing has been obtained to operate these services domestically. Offerings include payment gateways and offline prepaid card solutions. An investment of US35.6 million was made by 500.com, securing 63.0 equity in the company. Operations focus on the financial technology sector within China.
Sumpay has 1 investor. Key investors include 500 Lottery Network.
Yes. Sumpay was acquired by 500 Durians in November 2015.