# PayEase

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payease

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.payeasenet.com
- Total disclosed funding: $15M
- Latest round: Series E (Oct 11, 2006)
- Investors on record: 4

## About

PayEase, Inc. is a digital payment solutions provider that enhances transaction convenience for users, primarily through its mobile wallet application, ?????, which caters to individual consumers and businesses in China.PayEase, Inc. specializes in digital payment solutions, offering its flagship product, ?????, a mobile wallet application for seamless transactions. The company is headquartered in Santa Clara, US. In December 2014, PayEase was acquired by Mozido CorFire, although financial terms were not disclosed. The company has received a total of USD 14.50 mn across several funding rounds, with the most recent being a Series E round, closed in December 2014, involving investors such as 3V SourceOne Capital and Capinfo Company Limited. The current CEO is Alice Kang.?????, operating under the brand ?????, provides digital payment solutions aimed at enhancing user convenience in daily financial transactions. The core offering is the ????? (Shouxin Easy Wallet), a mobile wallet application that enables users to make payments, transfer funds, and manage their finances seamlessly via smartphones. This application serves both individual consumers and businesses, facilitating transactions in sectors such as retail and e-commerce, targeting urban areas in China where digital payment adoption is rapidly increasing.????? generates revenue through transaction fees associated with its mobile wallet services. The company operates a B2C model where individual users conduct direct transactions and a B2B model by partnering with merchants who accept payments through their platform. Retailers using the ????? can process customer payments via the app, incurring a nominal fee for each completed transaction. Further partnerships with financial institutions may enhance service offerings, contributing to revenue streams, although specific pricing plans have not been disclosed.PayEase's strategy for future growth includes the development of new products and an expansion into new markets. The company aims to enhance its mobile wallet features and plans to target additional urban areas in China for market penetration. The recent funding of USD 14.50 mn from the Series E round will support these initiatives, focusing on technology enhancements and marketing efforts to attract more users and merchants.

## Funding rounds

- Series E, Oct 11, 2006, $15M — 3V SourceOne Capital, Springboard-Harper Investment, Capinfo Company Limited, Tech Alliance Corp.

## Investors

- 3V SourceOne Capital (https://capitalatlas.ai/funds/3v-sourceone-capital) — Series E
- Springboard-Harper Investment (https://capitalatlas.ai/funds/springboard-harper-investment) — Series E
- Capinfo Company Limited — Series E
- Tech Alliance Corp. — Series E