Payment Home Network (ZFZJ.CN) Payment Home Network has learned that Shanghai Fuyou Payment Service Co., Ltd. (hereinafter referred to as "Fuyou Payment"), a licensed payment institution, has completed the acquisition of shares in Qianfang Haojin Technology (Tianjin) Co., Ltd. (hereinafter referred to as "Qianfang Haojin"), the parent company of Beijing Qianfang Yintong Technology Co., Ltd. (hereinafter referred to as "Qianfang QFPay"), a well-known aggregate payment institution.
According to the industrial and commercial information, Qianfang Haojin Company has undergone a number of industrial and commercial information changes, and the company name has been changed from "Qianfang Haojin Technology (Tianjin) Co., Ltd." to "Qianfang Haojin Technology (Tianjin) Co., Ltd.", and many investors have been added to Fuyou Payment.
After the change of equity, Fuyou paid a subscription amount of 583,700 yuan, with a shareholding ratio of about 1.03%.
Qianfang QFPay was founded in 2011 by Lee Ying-ho as a mobile payment financial technology company.
Headquartered in Beijing, Qianfang QFPay Group has branches in Hong Kong, Tianjin, Shanghai, Guangzhou, Shenzhen and Chengdu, as well as joint ventures in the UAE. Qianfang QFPay's business covers hundreds of cities across the country, and its overseas business covers many markets including South Korea, Japan, Indonesia, Malaysia, Singapore, the Philippines, Cambodia, Thailand, Laos, the United Arab Emirates, etc.
Qianfang QFPay has been invested by well-known teams such as Sequoia, Jingwei and Zhongwei, and has raised more than 500 million yuan in total financing.
Qianfang QFPay is a global partner of WeChat Pay and Alipay. It owns a global mobile payment service platform, Qianfang QFPay, a mobile payment service platform for small and medium-sized merchants, Haojin, and a Hong Kong micro-net red platform brand, Spread-it.
In addition to qianfang QFPay mobile payment service platform, the company also has Qianfang open platform, Qianfang finance, Qianfang cross-border payment and cross-border marketing and other businesses.
As early as 2012, Qianfang hao recently provided payment services for small and medium-sized merchants who did not apply for POS machines through small card swipers, thus occupying a place in the payment market of small and medium-sized merchants.
After the rise of mobile payment, Qianfang haojin used payment + membership management SaaS products to cut into the aggregate payment market. With the help of the existing small and medium-sized merchant customer base, Qianfang Haojin quickly achieved a leading position in the aggregate payment industry.
In 2017, with the introduction of the regulatory policy of aggregate payment, aggregate payment can no longer be promoted as the main business, and transformation is imperative. Qianfang Company may be one of the more successful survivors of the transformation after the aggregated payment melee.
Recently, qianfang-related companies have also changed their equity frequently.
In September this year, the listed company Sifang Jingchuang Company issued an announcement that according to the commitment letter of the company's controlling shareholder, Yiqun Group Holdings Co., Ltd. and the company's actual controller Zhou Zhiqun, on cooperating with Shenzhen Sifang Jingchuang Information Co., Ltd. in the disposal of financial investments, sifang Jingchuang Information (Hong Kong) Co., Ltd., a wholly-owned subsidiary of the company, intends to hold 36.67% of QFpayHao Jin FinTech Limited (Qianfang Haojin Financial Technology Co., Ltd.) The equity was transferred to Yiqun Group Holdings Limited for RMB21.1515 million. After the completion of the equity transfer, the subsidiary Sifang Jingchuang Information (Hong Kong) Co., Ltd. no longer holds the equity of Qianfang Haojin.
Also in September this year, Shanghai Fuyou Payment Service Co., Ltd. also entered the listing counseling period.
On September 23, the official website of the Shanghai Securities Regulatory Bureau disclosed a "Report on the Filing of Initial Public Offering Of Shares of Shanghai Fuyou Payment Service Co., Ltd.", and the counseling institution is Guojin Securities Co., Ltd.
Payment Home noted that this is not the first listing counseling experienced by Fuyou Pay.
As early as May 14, 2018, Fuyou Pay had signed a counseling agreement with Orient Citi Securities Co., Ltd. However, until the end of June this year, the listing counseling on Fuyou Payment was still inconclusive.
On July 6 this year, the official website of the Shanghai Securities Regulatory Bureau issued the "Announcement of Orient Securities Underwriting and Sponsorship Co., Ltd. on Terminating the Initial Public Offering of Shares and Listing Counseling of Shanghai Fuyou Payment Service Co., Ltd.", announcing the official "separation" of Fuyou Pay and Orient Securities (Citi Securities).
Orient Securities said that after comprehensively considering the listing declaration schedule of Fuyou Pay, after friendly consultation between Fuyou Pay and Orient Investment Bank, the two parties agreed to terminate the Counseling Agreement, and Orient Investment Bank terminated the counseling work for Fuyou Pay's initial public offering of shares and listing.
That is to say, this is the second time that Fuyou Pay has started the listing counseling work.
Not only Fuyou Payment, but also its parent company, Fuyou Group, has also accepted listing counseling work from securities companies, but it has not been fruitful.
According to the data, Shanghai Fuyou Financial Services Group Co., Ltd., the parent company of Fuyou Payment, is a large-scale financial comprehensive service group company with high-tech enterprise qualifications, with a number of subsidiaries and branches such as Fuyou Payment, with Licenses and Qualifications for Internet Payment, Bank Card Acquiring, Prepaid Card Issuance and Acceptance, Fund Payment, Cross-border Payment, Commercial Factoring, etc., and has the domestic head community intelligent express cabinet business.
According to the payment investigation, Fuyou Pay first obtained the "Payment Business License" issued by the People's Bank of China in 2011, and its business types cover Internet payment, prepaid card issuance and acceptance, and bank card acquiring qualification.
However, due to the pre-authorization empty set incident in 2014, Fuyou Pay was punished by the central bank and was required to stop carrying out bank card acquiring business in 7 provinces.