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Updated: Oct 3, 2018
On March 28th, cross-border payment company iPayLinks announced that it had completed, at the beginning of this year, a hundreds of million-yuan B1 round of financing led by Tencent and followed by Legend Capital.
iPayLinks was established in January 2015 and is headquartered in Shanghai. It is a provider of cross-border commercial integrated service solutions and is committed to providing comprehensive cross-border services and derived financial services and solutions.
At present, the company has won several industrial licenses and qualifications (e.g. VISA QSP License & MasterCard PF License). iPayLinks mainly serves China’s Internet companies operating overseas which come from industries like cross-border e-commerce, outbound tourism, oversea education and virtual games.
It is reported that this is Tencent’s first investment in cross-border payment startups in the domestic financial technology industry. In May 2017, Tencent led a $13 million Series A round of financing towards Australia’s cross-border payment and financing company, Airwallex.