KargoCard

KargoCard

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Investment Firm

Overview

KargoCard is the leading prepaid gift card distribution and processing platform in China.

Over a period of 6 years, KargoCard has developed the platform, network and relationships that have established it as the single largest aggregator of prepaid payment products in China; with real time transaction API's extending into 40+ retail brands. The KargoMall, a physical retail gift card mall launched in 2013, is deployed in over 5,300 convenience stores across 22 cities, making it the largest prepaid payment network in the country. The platform extends its catalog digitally into the leading social networks of China like Mobile QQ and WeChat, reaching over 500 million users. Having established peering relationships with prepaid payment networks in the United States and Europe, KargoCard is able to deliver on every aspect of prepaid payments in China - local, global, mobile and social. The leading brands in China including YiHaoDian, C-Trip, Amazon and VIP Shop have chosen KargoMall to launch distribution of their gift card programs, in most cases through exclusive relationships.

Highlights

Founded

2008

Industry

E-Commerce

Employees

51-100

Investment

1

Lead Investment

0

Exits

1

Stages

Seed

Investor Type

N/A

Location

Asia

Contact Information

Social

Profile Resume

KargoCard, established in 2008 and headquartered in Asia., specializes in Seed investments across Video Games, PC Games, Animation, Financial Services, Venture Capital, Finance, Information Technology, Association, Non Profit. The organization boasts a portfolio of 1 investments, with an average round size of $494.6K and 1 successful exits. Their recent investments include ART-CODING, Hebei Technology Investment Group, CaoHeJing. The highest investment round they participated in was $17.8M. Among their most notable exits are ART-CODING and Hebei Technology Investment Group. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace David Suzuki

David Suzuki

CEO

imagePlace Ashmit Bhattacharya

Ashmit Bhattacharya

Founder & Chief Executive Officer

Investment portfolio

KargoCard has made 1 investments. Their most recent investment was on Jan 15, 2014, when ART-CODING raised $494.6K.

investments

1

Diversity investments

0

Lead investments

0

Number of exits

1

Investments

1

Annouced DateOrganization NameIndustryMoney Raised
Jan 15, 2014
ART-CODING ART-CODING
Video Games494.6K

Exits

1

Funding Timeline

Funding rounds

1

Investors

4

Funds

0

Funding Rounds

1

KargoCard has raised 1 rounds. Their latest funding was raised on Jan 15, 2014 from a Angel Round - ART-CODING round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Jan 15, 2014
Angel Round - ART-CODING Angel Round - ART-CODING
-494.6K-

Investors

7

KargoCard is funded by 7 investor(s). CID Group and Cathay Financial Holding Kantor are the most recent investors.

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

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