Lonlink secures multimillion-yuan Pre-A round

Lonlink, a provider of offline aggregated payment solutions, has completed a 10-million-yuan Pre-A round of financing this month, with the strategic investment from Vbill.

Lonlink, a provider of offline aggregated payment solutions, has completed a 10-million-yuan Pre-A round of financing this month, with the strategic investment from Vbill.

Founded in 2018, Lonlink is a provider of new retail mobile payment and industry software solutions in China.

According to Zhou Long, founder and CEO of the company, to date, it has served more than 100,000 merchants, with more than 2 million daily orders and monthly transaction flow of more than 3 billion yuan.

Zhou said: “The proceeds from this strategic investment will be used to improve the products, and we are committed to the strategic area of SaaS cash register and intelligent management.

“In the future, the company will increase the investment in research and development of value-added services for merchants together with Vbill, and launch more diversified products such as ‘business loans’ for merchants and ‘consumer installments’ for consumers. This will help improve the payment industry chain.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/22/lonlink-secures-multimillion-yuan-pre-a-round/.

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