Mobile Payment Solutions Firm Qianfang Lands VC Funding

Sohu IT, 1/30/13

Mobile payment solutions provider Qianfang Yitong Technology announced today that the company has received first-round funding from Sequoia Capital. Qianfang co-founder Li Yinghao declined to comment on the amount of funding received.

Qianfang is a smartphone payment solutions provider. The company's primary business focuses on its QPOS handset point of sale (POS) peripheral and its Qfpay.com mobile payment platform. Qianfang's QPOS handset POS peripheral allows for merchants to turn their smartphones into POS terminasl by inserting the QPOS hardware peripheral into their smartphone's headphone jack.

Keywords: funding wireless mobile payment first-round POS Sequoia Capital Qianfang Yintong Li Yinghao VC

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