Munitedpass Technologies closes tens of millions of yuan Series A

Recently, Munitedpass Technologies, a mobile payment technology service provider, has garnered tens of millions of yuan from some well-known investment institution in its Series A round financing.

Recently, Munitedpass Technologies, a mobile payment technology service provider, has garnered tens of millions of yuan from some well-known investment institution in its Series A round financing.

Wang Deyong, Vice President of Munitedpass Technologies, said that this round of funds would be used for expanding the scale of the team, expanding market, and further upgrading the business.

Founded in April 2017, as a company focusing on mobile payment services, Munitedpass Technologies is committed to bridge banks and merchants with financial services, including mobile payment, microcredit, consumer finance, and fund management, all of which are operated through online service platforms.

Prior to this round of financing, Munitedpass Technologies had received an angel round investment from SwiftPass, a FinTech company, in May this year, and also tens of millions of yuan in the Pre-A round financing led by IDG and co-invested by China Academy of Science and Technology Development.

Currently, Munitedpass Technologies has employed approximately 200 people, more than 60% of whom are engaged in technology research and development. The staff in the management team have all had years of working experience in banks or other payment institutions.

After this round of financing, Munitedpass Technologies will continue to renew its products, and to expand its service scope.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/19/munitedpass-technologies-closes-tens-of-millions-of-yuan-series-a/.

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