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Snowball Technology logo — Snowball enables scalable secure services and credentials pr...

Snowball Technology

Snowball enables scalable secure services and credentials provisioning to TEE/SE on mobile, automotive and IoT devices.

Founded 2013 China Shanghai, China 49 employees Venture round Total: $80.00M Finance, Financial Services +2

General Information

Company Name Snowball Technology
Founded Year 2013
Location China Shanghai, China
Employees 49
Industries Finance, Financial Services, Payments +1
Funding Stage Venture round
Social

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About Snowball Technology

Snowball Technology, founded in 2013 and headquartered in China, is a pioneer in virtualizing transit cards for Android and iOS devices. Their slogan "🚇 NFC virtual transit cards in 6 months" underlines their ability to help Public Transit Agencies provide secure mobile ticketing options in a quick timeframe. The company recently secured a substantial CNY50.00M venture round investment led by Huami on 24 July 2019. Snowball Technology's focus on the Finance and Financial Services industries positions them at the intersection of transportation and fintech. Their offer to assist cities in implementing mobile ticketing solutions in as little as three months signifies their agility and potential for rapid market penetration. For venture capitalists looking into innovative solutions in the transportation and finance sectors, Snowball Technology presents an interesting prospect. Their efficient approach to providing transit agencies with mobile ticketing not only benefits commuters but also holds potential for strong returns for investors.

Business keywords: NFC technology, virtual transit cards, mobile ticketing, public transit, iOS app, Android app, secure payment, mobile technology, transit infrastructure, mobile ticketing solution

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round CNY50.00M 1
Huami
Huami
24 Jul 2019
Series B CNY20.00M 1
Haitong Capital
Haitong Capital
27 Nov 2015
Series A CNY10.00M 1
Tengxun Touzi
Tengxun Touzi
12 Dec 2014

Snowball Technology Alternatives & Competitors

Snowball Technology vs
Modeshift
Modeshift United States

A New Breed of Smart Urban Mobility: The Only All-In-One Digital Mobility Infrastructure

Venture round
52 employees
Financial Services, Logistics
Snowball Technology vs
CardFlight
CardFlight United States

Building the future of payment technology. Our signature product, SwipeSimple, is used by 125,000+ s...

Private Equity
76 employees
Financial Services, Fintech
Snowball Technology vs
Avance Pay AG
Avance Pay AG Switzerland

Avance Pay is a fast growing Swiss high-tech company, specialized in innovative NFC-based payment an...

Series B
10 employees
Finance, Fintech

FAQ About Snowball Technology

Snowball enables scalable secure services and credentials provisioning to TEE/SE on mobile, automotive and IoT devices.
Snowball Technology was founded in 2013.
Snowball Technology is headquartered in Shanghai, China.
Snowball Technology operates in Finance, Financial Services, Payments and Privacy and Security. Its work centres on NFC technology, virtual transit cards, mobile ticketing and public transit.
Snowball Technology has approximately 49 employees.
Snowball Technology has completed 3 funding rounds, raising a total of $80.00M. The latest funding stage is Venture round.
Top alternatives and competitors to Snowball Technology include Modeshift, CardFlight, Avance Pay AG, Envelope, Flash. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Snowball Technology and Modeshift 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.

Source: BounceWatch company record for Snowball Technology , https://bouncewatch.com/company/snowball-technology, updated 28 November 2024. When citing, please name BounceWatch and link this page.

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