China-based online payment company Mo9 has closed a series C round raising tens of millions of dollars from undisclosed investors, China Money Network reported yesterday.
Mo9 closed a series B round backed by Bertelsmann Asia Investment Fund, a growth equity subsidiary of media company Bertelsmann, and venture capital firm Sequoia Capital in August 2013. Sequoia invested an undisclosed amount of seed funding in Mo9 in 2012.
Founded in 2011, Mo9 operates a payment platform for mobile games and e-commerce companies, offering its users a ‘play first, pay later’ deal that will provide them with gaming currency that they can pay for within seven days.