About Zong
Zong is a Financial Services company based in Menlo Park (United States) founded in 2000, and was acquired by eBay in July 2011. Micropayments for virtual goods are facilitated via carrier billing. Zong has raised $15 million across 2 funding rounds from investors including eBay, Felix Capital and Matrix. Its focus areas include FinTech, Payments, Business Payments and Carrier Billing. Its legal entity is Markmonitor Inc. Its competitors include Boku, TriumphPay and Billtomobile; 2 of its 3 listed competitors have raised funding.
Company details
Zong was founded in 2000 in Menlo Park, United States, as a mobile payments company focused on the fintech sector. Micropayments for virtual goods, particularly in online games, were processed through integration with postpaid mobile phone bills. Operations involved partnerships with 250 carriers worldwide, reaching 3.2 billion users. The company was acquired by PayPal in 2011.
Funding Insights of Zong
Zong has successfully raised a total of $15M across 2 strategic funding rounds. 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 $15M
- Total Rounds 2
- First Round $15M
(Apr 2010)
- Investors Count 2
All 2 funding rounds of Zong 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 |
|---|---|---|---|---|---|
| Jun 2015 | Series B | – | – | ||
| Apr 2010 | $15M | Series A | – | – |
3 investors in total: 3 institutional.
Investors in Zong
Zong has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include eBay, Felix Capital and Matrix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech companies are funded by this London-based venture capital firm. | felixcap.com | London, United Kingdom | ||
Early-stage ventures are funded by the investment firm. | matrix.vc | San Francisco, United States | ||
Multi-category consumer products are sold via an online marketplace platform. | 1995 | ebay.com | San Jose, United States |
Investor details for Zong
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Timeline of Zong
4 dated milestones of Zong across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Zong is founded.
- Funding First funding round of $15.0M.
- Exit Acquired by eBay.
- Funding Latest funding round, Series B,.
Competitors of Zong
Zong has 3 listed competitors in our database, 2 of them funded. They include Boku, TriumphPay and Billtomobile.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| boku.com | 2008 | San Francisco, United States | $91.28M | 53 | Provider of a global mobile payment network | |
| triumphpay.com | 2004 | Dallas, United States | Offers a payment processing platform for the logistics industry. | |||
| billtomobile.com | 2006 | San Jose, United States | $9.5M | Mobile business solutions for carrier billing and payments are provided. |
Detailed competitors of Zong
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Web traffic of Zong
Websites that share an audience with Zong (zong.com).
Websites whose visitors overlap most with Zong. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| boku.com | 100% | 2.6M | #17,295 | View details | |
| fortumo.com | 75% | 138K | #308,190 | View details | |
| zynga.com | 71% | 3.8M | #16,802 | View details | |
| daopay.com | 54% | 93.2K | #289,248 | View details | |
payment.gametwist.com | payment.gametwist.com | 43% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Zong
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- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Zong (Payments & Remittance Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
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 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 |
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Related news about Zong
Complete news archive for Zong
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Frequently Asked Questions about Zong
Zong was founded in 2000 and raised its 1st funding round 10 years after it was founded.
Zong is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
Zong is a funded company, having raised a total of $15M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Apr 2010.
Zong was founded in 2000 in Menlo Park, United States, as a mobile payments company focused on the fintech sector. Micropayments for virtual goods, particularly in online games, were processed through integration with postpaid mobile phone bills. Operations involved partnerships with 250 carriers worldwide, reaching 3.2 billion users. The company was acquired by PayPal in 2011.
Zong's top competitors include Boku, Billtomobile and TriumphPay.
Zong has 3 investors. Key investors include eBay, Felix Capital, and Matrix.
Zong operates through Markmonitor Inc.
Yes. Zong was acquired by eBay in July 2011.