Zong (acq. by Ebay)
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Zong (acq. by Ebay)

https://zong.com/
Last activity: 23.11.2011
Probably Closed
Categories: FinTechGamingMobileOnlineProviderServiceSocialWeb
Zong, the leading mobile payment service used by online gaming and social networking web sites, converts shoppers into buyers at rates up to 10 times greater than traditional payment methods. Zong leverages direct connections with mobile network operators around the world to provide a secure payment solution with unrivaled connectivity and service quality. Zong is the mobile payment provider for Facebook Credits and also works with hundreds of leading destination websites and mobile applications including Gaia Online, IMVU and Playdom.
Mentions
68
Total raised: $15M

Investors 1

Funding Rounds 1

DateSeriesAmountInvestors
27.04.2010-$15MMatrix Par...

Mentions in press and media 68

DateTitleDescription
23.11.2011Alp ICT supports 5 startups at LeWeb '11
07.08.2011Mobile Payment Startups Are Hot: Venmo Sets Itself ApartWay back in December 2010, we predicted that 2011 would be the year of mobile payment. Boy, were we right! We have already covered 6 different apps/platforms, and I am about to cover a 7th, Venmo, below, an app that has actually been around...
25.07.2011Are M&A opportunities increasing for European startups? Interview with Frederic Court from Advent Venture PartnersZong, a company originally from Switzerland specializing in mobile payments. For the London-based VC fund Advent Venture Partners, this constitutes the third successful exit of the year. Frederic Court, who has been a General Partner at Adv...
25.07.2011Is M&A Increasing For European Startups? VC Frederic Court Says Yes… And No…Zong, a company originally from Switzerland specializing in mobile payments. For the London-based VC fund Advent Venture Partners, this constitutes the third successful exit of the year. Frederic Court, who has been a General Partner at Adv...
08.07.2011EBay Buys Zong for $240MShare Share on Facebook Share on Twitter LinkedIn Email Reprints Menlo Park, CA-based Zong, builder of a system that allows mobile phone users to make online purchases without a credit card, said yesterday that it has been acquired by eBay,...
08.07.2011EBay-Zong is the first salvo in World War of Payments. Which side are you on?Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more. With eBay’s acquisition of Zong Thursday for $240 million, it’s hard not see it as the first salvo in a major war over today’s most imp...
08.07.2011EBay-Zong is the first salvo in World War of Payments. Which side are you on?With eBay’s acquisition of Zong Thursday for $240 million, it’s hard not see it as the first salvo in a major war over today’s most important business theatre, mobile payments. It may not be a military battle, but the stakes are awesome non...
07.07.2011eBay buys Zong for $240M to bolster PayPal’s mobile paymentsWe are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Join AI and data leaders for insightful talks and exciting networking opportunities. Register today! eBay announced today that it has purchased Zong, ...
07.07.2011eBay buys Zong for $240M to bolster PayPal’s mobile paymentseBay announced today that it has purchased Zong, a company that lets you easily pay for purchases with your mobile phone number, for $240 million in cash. The acquisition is clearly meant to make PayPal (which eBay owns) an even greater for...
07.07.2011eBay Buys Zong For $240 Million In Cash To Boost PayPal's Mobile Payments TechnologyeBay has acquired mobile payments company Zong for $240 million in cash. The transaction is expected to close in the third quarter of 2011. Zong has been one of the pioneers in the mobile payments space, adding a compelling new way for cons...
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