About Znap
Znap is a Financial Services company based in Hong Kong (China) founded in 2012, and was acquired by Powa in June 2014. Mobile payments are enabled via wallet and merchant dashboard. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include TNG Wallet, Suning Finance and AlipayHK; 2 of its 3 listed competitors have raised funding.
Company details
Zanp(also known as MPayMe) offers mobile payment solutions. Offers a mobile wallet where customers can input Debit Cards, Credit Cards, and Bank Accounts and use any one they choose as a funding source when paying via ZNAP. Provides dashboard for merchants where they can manage transactions in real-time via the cloud-based system. Its security features (which authenticate transactions and protect users personal data) have been patented and do not require any third party software or integration. Znap platform optimises transactions through the bundling of secure multi-channel mobile payments with value added solutions such as loyalty integration, business intelligence and geo location in-app consumer communication. Was acquired by Powa Technologies in June 2014 for 75M. The acquisition price of MPayMe was 2.5 times the annual revenues of the group, which employs 120 people.
Investors in Znap
Znap has secured backing from 1 investor. Prominent investors backing the company include Powa.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
PoS and gateway solutions for merchants and e-commerce. | 2007 | powa.com | London, United Kingdom |
Investor details for Znap
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Timeline of Znap
2 dated milestones of Znap across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Znap is founded.
- Exit Acquired by Powa.
Competitors of Znap
Znap has 3 listed competitors in our database, 2 of them funded. They include TNG Wallet, Suning Finance and AlipayHK.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tngwallet.hk | 2013 | Hong Kong, China | $115M | NFC-enabled wallet is provided for consumer payments and transfers. | ||
| jinrong.suning.com | 2015 | Nanjing, China | $3.23B | Financial products are offered via an online platform. | ||
| alipayhk.com | 2016 | Hong Kong, China | Operates an app-based mobile wallet for secure transactions. |
Detailed competitors of Znap
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Frequently Asked Questions about Znap
Znap was founded in 2012.
Znap is headquartered in Hong Kong, China.
Zanp(also known as MPayMe) offers mobile payment solutions. Offers a mobile wallet where customers can input Debit Cards, Credit Cards, and Bank Accounts and use any one they choose as a funding source when paying via ZNAP. Provides dashboard for merchants where they can manage transactions in real-time via the cloud-based system. Its security features (which authenticate transactions and protect users personal data) have been patented and do not require any third party software or integration. Znap platform optimises transactions through the bundling of secure multi-channel mobile payments with value added solutions such as loyalty integration, business intelligence and geo location in-app consumer communication. Was acquired by Powa Technologies in June 2014 for 75M. The acquisition price of MPayMe was 2.5 times the annual revenues of the group, which employs 120 people.
Znap's top competitors include TNG Wallet, Suning Finance and AlipayHK.
Znap has 1 investor. Key investors include Powa.
Yes. Znap was acquired by Powa in June 2014.