WeChat Pay and Alipay partner QFPay raises $20 million to develop new digital payment solutions
Digital payments startup QFPay announced today that it has raised $ 20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners. MDI Ventures, the investment arm of state-owned Indonesian telecom Telkom Indonesia, Rakuten Capital and VentureSouq also participated as new strategic investors.
According to Crunchbase, this brings QFPay’s total raised so far to $ 36.5 million. The funding will be used to develop new digital payment products.
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