QFPay
Founded Year
2011Stage
Series D | AliveTotal Raised
$65.33MMissing: QFPay's Product Demo & Case Studies
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ESPs containing QFPay
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
These companies focus on brick-and-mortar POS services and solutions. These include card and chip readers, which are often bundled with tablet-based business management solutions. A physical POS system is the hardware and software that lets businesses accept payments from customers in person.
QFPay named as Leader among 6 other companies, including Mswipe Technologies, Innoviti Payment Solutions, and orderbird.
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Research containing QFPay
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned QFPay in 1 CB Insights research brief, most recently on Nov 23, 2022.
Expert Collections containing QFPay
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
QFPay is included in 3 Expert Collections, including Fintech 250.
Fintech 250
248 items
Payments
2,868 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
3,403 items
Track and capture company information and workflow.
Latest QFPay News
Dec 24, 2021
Avalanche has announced the integration of flexible fiat payment on-ramps on their network, thanks to a new integration with Alchemy Pay. Alchemy Pay is a payment solution that bridges fiat and crypto economies and it will now offer support for Avalanche’s public blockchain’s native token AVAX for payments. Avalanche also announced they will be joining Alchemy Pay as a founding member of the Blockchain Infrastructure Alliance. Avalanche is a layer-1 blockchain that aims to digitise the world’s assets on what is currently the fastest smart contracts platform in the industry. This year, it has seen a huge growth in activity by attracting developers to create a thriving decentralized finance ecosystem. It offers compatibility with the Ethereum Virtual Machine, meaning developers can seamlessly port applications from Ethereum. Avalanche makes launching DeFi applications simple and makes it possible to deploy customised blockchains that fit an application’s needs. The integration with Alchemy Pay aids Avalanche developers because it enables applications hosted in the Avalanche protocol to onboard users via direct fiat on-ramps for traditional payment platforms with the likes of Visa, Mastercard, PayPal, and multiple local payment channels around the world. Despite the flexibility and speed of the Avalanche network, a major factor behind adoption is the ability to bring in new users who don’t necessarily have blockchain expertise. John Tan, Alchemy Pay’s CEO, explained, “We like the idea that people will have an easy experience when they come to blockchain and DApps. By providing standard fiat channels we can allow users to enter the ecosystem directly. We want to get to the point where users can enter the crypto economy because they’re attracted by a particular app and not necessarily because they have prior knowledge of the blockchain and crypto space.” Alchemy Pay has also integrated the AVAX token into its global crypto-fiat gateway so that it can be more widely used for business to business or customer to business payments. The payment network currently supports use in 65 countries and has more than 300 payment channels. It has a global reach of more than 2 million merchants through partnerships with mainstream payment and e-commerce platforms such as Shopify, Arcadier, and QFPay. The AVAX token that is used to pay online or in-store on the Alchemy Pay network can be converted automatically to fiat currency for the convenience of merchant partners. Alchemy Pay is focused on broadening crypto payment acceptance by offering low fees and fast settlement without requiring businesses to adopt new hardware. The ability to handle transactions between fiat and cryptocurrencies attracts new users and this integration means AVAX can now move seamlessly between blockchain and non-blockchain economies. It will also encourage users to view AVAX as a medium for interacting with DApps. Over the past months, Alchemy Pay has integrated a number of leading cryptocurrencies onto its global crypto-fiat network, including $MATIC, $TRX, and $NEO. It also recently co-founded the Blockchain Infrastructure Alliance (BIA) alongside NEO, NEAR and Polygon. The alliance brings together industry leaders, innovators, and investors to create synergies across all areas of blockchain technology and collectively promote the development of decentralized finance. The rise of Avalanche in the past few months has been impressive, with the total value locked going from less than $1B USD in August to $12B+ today. It’s inclusion as a founding member of the Blockchain Infrastructure Alliance will bring Avalanche closer to other leaders in the space and further strengthen BIA’s ability creating a more unified blockchain industry. About Alchemy Pay Alchemy Pay is an integrated fiat and cryptocurrency gateway solutions provider, powering seamless crypto and fiat acceptance for merchant networks, developers, and financial institutions. The company drives adoption of blockchain technology by making crypto investment, commercial transactions, and DeFi services readily accessible to consumers and institutions in the fiat economy. Today, Alchemy Pay supports over 65 countries with 200 payment channels and has touchpoints with more than 2 million merchants through partnerships with industry giants such as Binance, Shopify, Arcadier, QFPay and more. Website: alchemypay.org
QFPay Frequently Asked Questions (FAQ)
When was QFPay founded?
QFPay was founded in 2011.
Where is QFPay's headquarters?
QFPay's headquarters is located at 17F, Block A, Wangjing SOHO T3, Beijing.
What is QFPay's latest funding round?
QFPay's latest funding round is Series D.
How much did QFPay raise?
QFPay raised a total of $65.33M.
Who are the investors of QFPay?
Investors of QFPay include FUIOU, Share Capital, Sequoia Capital China, Matrix Partners China, VentureSouq and 10 more.
Who are QFPay's competitors?
Competitors of QFPay include SensePass and 7 more.
Compare QFPay to Competitors
Mswipe Technologies enables merchants to ease the process of payment collection through acceptance of debit and credit cards using mobile phones. Mswipe's terminals are handy and reliable, with acceptance for all major types of cards.
Jusp provides a mobile payment platform. The Jusp card reader can connect via a mini jack to any smart device and is compatible with any device to manage applications. The company accepts all major credit card networks, its prepaid cards, circuits of international debt V-Pay, Visa Electron, Maestro/Cirrus and the circuit of national debt Pagobancomat.
SumUp is a financial technology company that allows businesses of all sizes to receive payments. Its platform allows businesses to accept card payments in-store, in-app, and online, in a simple, secure, and cost-effective way. The company was formerly known as Ka-Ching Payments. It was founded in 2012 and is based in London, U.K.
Zoop develops a mobile commerce and payment platform/solution that enables individuals and businesses to accept chip & PIN cards, mobile wallets and magnetic stripe payments on the go. The multi-functional credit card terminal interfaces as a single device to any number of smartphones, tablets and/or computers, enabling new usage and business models.
TouchBistro is an iPad-based restaurant management platform. It offers an integrated payments solution designed to meet the needs and fast pace of the food service industry. The firm was founded in 2011 and is based in Toronto, Canada.
iBoxPay provides mobile payment solutions. It offers services including personal banking, merchant business acquisition, digital business service solutions, offline payment solutions, and more. It was founded in 2011 and is based in Shenzhen, China.
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