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Founded Year

2016

Stage

Series C | Alive

Total Raised

$3.119B

Valuation

$0000 

Last Raised

$1.404B | 2 yrs ago

About Suning Financial Services

Suning Financial Services, part of Suning Holdings, is an O2O financial service company. Suning Financial Services has expanded into payment accounts, supply chain finance, consumer loans, investment and wealth management, crowd funding, insurance and pre-paid cards.

Suning Financial Services Headquarter Location

No.1, Suning Avenue, Xuzhuang Software Park Xuanwu District

Nanjing, Jiangsu,

China

025-66996699

Latest Suning Financial Services News

Suning Financial Services secures cross-border payments licence in Hong Kong

Jul 20, 2021

By Verdict Staff July 20, 2021 Suning Financial Services currently has footprint across US, Europe, and Japan among other regions. Credit: Photo by bady abbas on Unsplash. Share Article Suning Financial Services has received the regulatory nod to carry out cross-border remittance and exchange business in Hong Kong. Suning Cross-border Payment is said to be the first and only payment institution in Jiangsu Province holding cross-border foreign exchange payment business qualifications. The firm currently has footprint across the US, Europe, and Japan, among other regions. Its business spans across industries such as international logistics, goods trade, air tickets, and hotel accommodation. In addition, the firm supports cross-border foreign exchange settlements in more than ten mainstream foreign exchange currencies and RMB while distributing funds in over 220 countries and regions. Suning Cross-border Payment is backed by Suning International, the international business arm of Suning Group. Suning International’s ‘one-stop solution for overseas brands to enter mainland China’ programme provides brands with cross-border strategy consulting services, tailormade retail solutions, global trade and other services. Suning International general manager Melody Jia said: “The acquisition of this licence upgrades Suning Financial Service cross-border payment business capabilities and confirms further improvements in the ‘one-stop solution for overseas brands to enter mainland China’ service. “By relying on the cross-border payment services provided by Suning Financial Services, we can realise the real-time exchange rates from onshore to offshore. “In addition to that, we can provide safer and more convenient full-process payment services for overseas brands to enter the Chinese mainland market.” Last year, Singapore-based digital credit card enablement platform CardUp launched its operations in Hong Kong in partnership with American payments giant Visa.

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Expert Collections containing Suning Financial Services

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Suning Financial Services is included in 2 Expert Collections, including Enterprise SaaS.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

F

Fintech

10,750 items

Excludes US-based companies

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