moKredit

company

About

moKredit is a credit service provider for millions of game players in China.

  • 101 - 250

Details

Last Funding Type
Series A
Last Funding Money Raised
$4M
Industries
Consumer Lending,Credit,E-Commerce,Video Games
Founded date
Jan 1, 2011
Number Of Employee
101 - 250
Operating Status
Active

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.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$10M
moKredit has raised a total of $10M in funding over 2 rounds. Their latest funding was raised on Aug 22, 2013 from a Series B round.
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

Investors

Number of Lead Investors
Number of Investors
1
1
moKredit is funded by 1 investors. Sequoia Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Sequoia Capital Series B