American private equity firm TA Associates has completed an undisclosed sum of investment in YeePay, a payments service provider in China.

Founded in 2003, Beijing-based YeePay provides online and offline integrated payment solutions enabling consumers and businesses to make and receive payments via the Internet, mobile devices and phones.

It has more than 93,000 active merchant customers in more than 20 provinces and has processed US$77bn of transactions in 2014, up over 100% from 2013.

YeePay joins TA Associates’ other current payment processing investments, including BillDesk (IndiaIdeas.com) in India and BluePay Processing in the US.

TA Associates Asia Pacific managing director and co-head of Asia Edward Sippel said: "We are very pleased to have advised on this investment and look forward to a close collaboration with the talented YeePay team and our investing partners at Far East Horizon."

YeePay co-founder and CEO Bin Tang said: "We will leverage their financial support and strategic guidance as we pursue a variety of market opportunities, including the introduction of additional value-added services."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.