Leyaoyao completes Series C financing round led by Tencent

Intelligent self-service equipment provider Leyaoyao has completed a Series C financing round at the end of 2019. The investment was led by Tencent, with participation from Bright Venture Capital, GF Xinde Investment, and others.

Intelligent self-service equipment provider Leyaoyao has completed a Series C financing round at the end of 2019. The investment was led by Tencent, with participation from Bright Venture Capital, GF Xinde Investment, and others.

It is revealed that the current round of financing was about 150 million yuan, and Tencent’s investment scale was 100 million yuan. The post-investment valuation of the company was close to 1.5 billion yuan.

Established in 2015, Leyaoyao is an intelligent self-service equipment provider and mobile payment solution leader. It provides intelligent communication hardware + SaaS system that integrates mobile payment solution, and also provides an open platform for the Internet of Things, to realize “services plus Internet of Things and plus Internet” for tens of millions of offline self-service devices, helping operators improve operating efficiency and management efficiency .

According to the data disclosed on the official website of Leyaoyao, the company has currently accessed 600,000 offline entertainment devices, covering more than 600 cities across the country, and has a market share of 75%.

It has served more than 100,000 business operators and provided mobile payment services to more than 145 million users. The peak number of single-day payments exceeded 3 million and the monthly mobile payment flow exceeded 600 million.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/leyaoyao-completes-series-c-financing-round-led-by-tencent/.

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