Transfar Pay
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Transfar Pay - overview
Established
2015
Location
Hangzhou, Zhejiang, China
Primary Industry
Financial Services
About
Transfar Pay offers innovative online payment solutions designed to facilitate secure and efficient transactions for users, catering to both individuals and businesses. Transfar Pay, formed in Hangzhou, China in 2015, specializes in online payment solutions. The company has primarily focused on enhancing user experience and security in financial transactions. Transfar Pay has engaged in one deal, with its most recent funding round being an Add-on worth CNY 315 million, raised from Sunrate Solutions Limited.
Transfar Pay provides secure online payment solutions tailored to user needs, featuring a streamlined interface for quick transactions via mobile banking. The service caters to both individuals and businesses, promoting secure exchanges without prior registration or card binding, primarily targeting markets in China and seeking to expand across Asia. For the fiscal year 2024, Transfar Pay reported a revenue of CNY 143,775. 70.
Looking ahead, Transfar Pay aims to launch new products designed to enhance user engagement and transaction efficiency by mid-2025. The company is focused on expanding its services into Southeast Asian markets, looking towards a 2025 target for entry. The recent Add-on funding of CNY 315 million will be utilized to support these initiatives, especially in technology upgrades and market expansion efforts.
Current Investors
Sunrate Solutions Limited
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.tf56pay.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Transfar Pay - financials
| Fiscal Year Ended | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|
| Revenue (USD) | - | - |
| % Revenue Growth (YoY) | - | - |
| EBITDA (USD) | - | - |
| Operating Income (USD) | - | - |
| Operating Margin | - | - |
| % EBITDA Margin | - | - |
| NET Income (USD) | - | - |
| % Net Margin | - | - |
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.