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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
2008
E-Commerce
51-100
1
0
1
Seed
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.
Investment portfolio
1
0
0
1
Investments
1
Annouced Date | Organization Name | Industry | Money Raised |
---|---|---|---|
Jan 15, 2014 | ART-CODING | Video Games | 494.6K |
Exits
1
Funding Timeline
1
4
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 Date | Transaction Name | Number of Investors | Money Raised | Lead Investor |
---|---|---|---|---|
Jan 15, 2014 | 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.
Investor Name | Lead Investor | Funding Round | Money Raised |
---|---|---|---|
InComm | No | Venture Round - KargoCard | 10.3M |
CID Group | No | Venture Round - KargoCard | 10.3M |
Cathay Financial Holding | No | Venture Round - KargoCard | 6.0M |
CID Group | No | Venture Round - KargoCard | 6.0M |
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 Date | Fund Name | Money Raised |
---|---|---|
May 10, 2013 | OTPPLESS | 1.0M |
May 11, 2013 | OTPPLESS | 1.0M |
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