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IOT PAY logo — company profile

IOT PAY

Founded 2017 Canada Canada 19 employees Series A Total: $6.00M E-Commerce, Financial Services +3

General Information

Company Name IOT PAY
Founded Year 2017
Location Canada Canada +1
Employees 19
Industries E-Commerce, Financial Services, Fintech +2
Funding Stage Series A
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About IOT PAY

IOT PAY is a Canadian startup founded in 2017, focusing on providing intelligent POS machines, management systems, and a solution to settle Chinese Yuan to Canadian dollars. The company offers Canadian merchants the opportunity to tap into the Chinese market through WeChat Pay and Alipay. As a non-banking online payment service, IOT PAY bypasses the $50,000 exchange limit and ensures real-time currency exchanges based on Bank of China's daily rates. With the backing of Tencent Group and Alibaba Group, the platform guarantees secure and sustainable services. The last significant investment of $4.00M was secured in a Series A funding round on 29 April 2021 from Ginkgo Capital. With its focus on E-Commerce, Financial Services, Fintech, Information Technology, and Payments industries, IOT PAY TECHNOLOGIES INC. aims to offer more flexible rates to attract Chinese consumers.

Taxonomy: POS machines, payment solutions, currency exchange, WeChat Pay, Alipay, online payment services, cross-border transactions, merchant services, Tencent Group, Alibaba Group, Chinese market expansion, digital currency exchange, secure payment services, flexible exchange rates, Chinese consumer attraction

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Series A •••••• 1
Investor
29 Apr 2021
Seed Round •••••• 4
Investor Investor Investor
•••• •••• 		06 Mar 2020
Angel Round •••••• 2
Investor Investor
01 Oct 2018

IOT PAY Alternatives & Competitors

IOT PAY vs
Fusionpay Limited
Fusionpay Limited United Kingdom

Link Your Business to Chinese Market

8 employees
E-Commerce, Fintech
IOT PAY vs
Cimple Marketing
Cimple Marketing Sweden

Marketing and payment services to Chinese tourists

3 employees
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IOT PAY vs
RiverPay
RiverPay

An integrated platform facilitating seamless payments and marketing connections between Chinese cons...

Series Unknown
Financial Services, Fintech

FAQ About IOT PAY

We provide intelligent POS machines, management systems and a solution to settle Chinese Yuan to Canadian dollars. Now IOT PAY offers all Canadian merchants a connection to a bigger market through WeChat Pay and Alipay. Being non-banking online payment services, WeChat Pay and Alipay are not affect...
IOT PAY was founded in 2017.
IOT PAY is headquartered in Canada.
IOT PAY operates in the following industries: E-Commerce, Financial Services, Fintech, Information Technology, Payments.
IOT PAY has approximately 19 employees.
IOT PAY has completed 3 funding rounds, raising a total of $6.00M. The latest funding stage is Series A.
Top alternatives and competitors to IOT PAY include Fusionpay Limited, Cimple Marketing, RiverPay, Yaband Media, Ronghan International . These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
IOT PAY and Fusionpay Limited are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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