- Companies
- iBoxPay
iBoxPay Funding, Investors & Competitors
iBoxPay has raised $110M across 2 funding rounds, most recently a $100M Series D in January 2018.
Last iBoxPay funding round
$100M
Series D · Jan 2018
Cumulative funding iBoxPay raised
$110M
across 2 funding rounds
Key investors in iBoxPay
GSR Ventures
Atomico
CBC Capital
Buhuo Ventures
Orchid Asia Group Management
Essential Capital
SMIT Holdings
About iBoxPay
iBoxPay is a Shenzhen-headquartered mobile payment provider developed by Shenzhen Iboxpay Information Technology Corporation Limited. Compliant with UnionPay standards, it delivers secure online and offline transactions through an audio encryption card reader connected to smartphone headphone jacks. Users download the app for registration, select services, and swipe UnionPay cards anywhere, with authorization features enabling peer-assisted payments.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
iBoxPay Funding History
iBoxPay has raised a total of $110M across 2 funding rounds.
iBoxPay's first fundraising round was a $10M Series B in July 2013. The most recent completed round was a $100M Series D in January 2018.
iBoxPay funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jan 2018 | Series D | Buhuo Ventures; CBC Capital; Essential Capital; GSR Ventures; Orchid Asia Group Management | $100M | - |
| Jul 2013 | Series B | GSR Ventures (lead); SMIT Holdings; Atomico | $10M | iBoxPay was a mobile payments company providing a Square-like solution in China. The company operated a mobile point-of-sale (mPOS) platform featuring RFID readers, barcode scanners, and secure payment functions. iBoxPay was notable as the first company to receive security accreditation from China UnionPay and the Banking Card Test Center for handset POS machines, meeting national financial security standards. In July 2013, iBoxPay closed a $10 million Series B financing round led by SMIT, with participation from GSR Ventures and Atomico. By the time of this funding, the platform had processed more than 1 million transactions with a turnover of 1 billion yuan. SMIT Corporation, one of the investors, acquired a 17.96% stake in iBoxPay for $6.0 million in July 2013 as part of its broader expansion into the mobile payment market. |
Who has invested in iBoxPay?
7 investors have backed iBoxPay across its funding rounds, including GSR Ventures, Atomico, CBC Capital, Buhuo Ventures, Orchid Asia Group Management and Essential Capital.
Lead investors include GSR Ventures.
iBoxPay Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2013 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Jul 2013 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by iBoxPay
iBoxPay has invested in 1 company to date.
Latest investment by iBoxPay was on June 26th 2018. iBoxPay invested in IPS in their $38M Undisclosed stage round.
Latest Investments by iBoxPay
| Description | IPS is a Shanghai-headquartered payment gateway processing online transactions for credit cards, Alipay, WeChat Pay, and bank transfers, serving 600,000 merchants in China and Southeast Asia. Founded in 2000, it handles 20 million users daily with ERP integrations and cross-border clearing via UnionPay. IPS provides risk management consulting and settlement services compliant with PCI DSS standards. |
| HQ Country | |
| HQ City | Shanghai |
| Deal Date | 26 Jun 2018 |
| Round | Undisclosed stage |
| Raised | $38M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all iBoxPay investments and their VC round multiples. Start Free Trial | |
iBoxPay Competitors
iBoxPay competitors include listed companies like Block, PayPal, Adyen and Global Payments, and private ones like Stripe and Ant Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $6.9B | - | $159B | 23.0x | ||
| Private | $25B | - | $79B | 3.2x | ||
| Publicly listed | $24B | $2.2B | $46B | 1.6x | ||
| Publicly listed | $33B | $7.2B | $45B | 1.4x | ||
| Publicly listed | $3B | $1.4B | $33B | 6.3x | ||
| Publicly listed | $7.7B | $3.2B | $23B | 3.6x |
iBoxPay Public Comps
iBoxPay is still privately-owned, but its public comps include Block, PayPal, Adyen, Global Payments, Kaspi.kz, Paytm, Edenred, Nexi, Paymentus and GMO Payment Gateway.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $24B | $2.2B | 1.7x | 1.6x | 18.6x | 9.4x | |||
| $33B | $7.2B | 1.4x | 1.4x | 6.6x | 6.9x | |||
| $3B | $1.4B | 6.5x | 6.3x | 13.7x | 11.9x | |||
| $7.7B | $3.2B | 5.4x | 3.6x | 13.1x | 7.8x | |||
| $9B | $3.2B | 2.0x | 2.0x | 5.9x | 5.3x | |||
| $854M | $41M | 13.8x | 11.8x | 288.1x | 119.6x | |||
| $3.4B | $1.3B | 2.8x | 2.8x | 7.7x | 6.5x | |||
| $7.2B | ($2.3B) | 0.6x | 1.0x | (1.9x) | 2.0x | |||
This data is available for Pro users. Sign up to see all iBoxPay competitors and their valuation data. Start Free Trial | ||||||||
Common questions about iBoxPay
| When was iBoxPay founded? | iBoxPay was founded in 2011. |
| Where is iBoxPay headquartered? | iBoxPay is headquartered in Shenzhen, China. |
| Is iBoxPay publicly listed? | No, iBoxPay is a private, VC-backed company. |
| How much funding has iBoxPay raised? | iBoxPay has raised $110M across 2 funding rounds. |
| What was iBoxPay's last funding round? | iBoxPay's last funding round was a $100M Series D in January 2018. |
| Who are iBoxPay's investors? | iBoxPay's investors include GSR Ventures, Buhuo Ventures, CBC Capital, Essential Capital, SMIT Holdings, Orchid Asia Group Management and Atomico. |
| Which companies are comparable to iBoxPay? | Companies comparable to iBoxPay include Stripe, Ant Group, Block, PayPal, Adyen and Global Payments. |
| How many companies has iBoxPay invested in? | iBoxPay has invested in 1 company, including IPS. |
| What was iBoxPay's last investment? | In June 2018, iBoxPay invested in IPS's $38M undisclosed-stage round. |
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