Predict your next investment

MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Point of Sale
weipass.cn

See what CB Insights has to offer

Stage

Series A | Alive

Total Raised

$4M

Last Raised

$4M | 9 yrs ago

About WeiPass

WeiPass offers stone-and-mortar stores a gadget, an electronic stamp, and a software platform. Scanning QR codes in the WeiPass app in a users' smartphone with the gadget, businesses can register a customer or redeem e-coupons stored in the app. The software platform includes customer data and CRM software. For users they need to download a WeiPass app and receive e-coupons or other services through it.

WeiPass Headquarter Location

China

Latest WeiPass News

Building A Payment Device For O2O: WeiPass Founder Li Yan

Jun 17, 2015

Jun 17, 2015 0 The mobile payment sector in China has experienced robust growth in the past few years at a speed nearly ten times that for PC-based payments . Li Yan, the founder of WeiPass took the stage at TechCrunch Shanghai last week to talk about how the mobile payment appcessory company is going to tap the thriving market. The crucial problem in developing a mobile payment device for O2O industry is how to best connect online and offline resources, according to Li. “Online transactions will naturally bring offline behaviors. After purchasing group-buying service online, the next step will be to valid or redeem the e-coupons offline.” The company’s latest product WangPOS is designed to achieve this goal. WangPOS is an android-powered POS machine that supports NFC, Bluetooth and WiFi connection, and camera. After a merchant types in an amount, WangPOS will generate a QR code for users to scan with either WeChat, Alipay or Baidu Wallet. In addition to mobile payment, the gadget is also an electronic voucher platform based on NFC and mobile ID identification technology. With WangPOS, merchants can receive orders, verify group-buying coupons, and launch promotion plans. More than 100 online services have been integrated into the platform, including big names of Dianping, Ele.me, Meituan and Nuomi. The cost of a unit is 1999 RMB (roughly $322USD). WeiPass has received US$4 million of Series A funding in 2013 and the more recent US$16 million B round was secured  IDG Capital Partners  and Shining Capital Management. Before the WangPOS, the company has developed  WeiPOS for WeChat payment and an electronic seal and accompanying apps for businesses to manage digital loyalty programs and customers. Image Credit: TechCrunch Shanghai 2015, Liu Siqi, investment director of Fuson Kunzhong (L) & Li Yan, founder of WeiPass (R)

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.