YACOL.com
Third-party payment and financial services platform
About YACOL.com
Beijing Yacool Timespace Information Exchange Technology Co., Ltd., which operates under the brand Yacol, was established in 2005. The company is a third-party payment enterprise approved by the People's Bank of China, with a registered capital of 100 million RMB. Its payment license covers mobile phone payments, internet payments, and the issuance and acceptance of prepaid cards. Yacol is recognized as a national high-tech enterprise and a council member of the Payment & Clearing Association of China.
The company's headquarters are in Beijing, with branches in major cities such as Shanghai, Guangzhou, Shenzhen, and Tianjin. Yacol's business focuses on providing payment and financial services to a variety of corporate clients. Its core services include prepaid cards, mobile payments, and online payment solutions. The company has developed its own proprietary prepaid card transaction payment system. Through its "Coolbao Payment" (酷宝支付) online transaction system, it offers both general and customized payment services and solutions for businesses. Yacol also provides consumer services through its extensive network of tens of thousands of merchants in sectors like shopping, dining, sports and fitness, and entertainment. Brands such as "Yacool Card" and "Kaizhuo Card" are utilized by employees of many large corporations and government entities, providing them with discounted consumer services.
The business model is centered on providing comprehensive payment solutions for businesses and value-added consumer services for cardholders. Revenue is generated from transaction fees for its payment services and through its partnerships within its merchant network. The company serves a wide range of clients, from large corporations and government agencies to small and medium-sized enterprises and individual consumers.
Source: Dealroom company dataAt a glance
- Founded
- 2005
- Headquarters
- Guangzhou, China
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Tiantu Capital
Source: Dealroom Talent Intelligence.
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