moKredit is a credit service provider for millions of game players in China.
moKredit is a Chinese credit service provider of mobile games and virtual goods.Established by a group of former PayPal American engineers, the company’s main purpose is to provide mobile payment solutions to mobile industry sellers. Mo9’s risk module and credit system can reduce the trading loss of sellers, as well as the access cost of Mo9 payments. moKredit is built around the concept of ‘Play first and pay later’, where the players can get fame currency to play their games first and then pay at any time within the 7 following days. The company now has over 5 million game paid subscribers.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Aug 22, 2013 | Series B | $6M | 1 | — | — | Detail |
Oct 20, 2012 | Series A | $4M | 1 | Sequoia Capital | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Sequoia Capital | — | Series B |