China's first event collection platform, Friends Pay received the first round of venture capital (VC309)

On June 7th, China's first event collection platform, Youpay (, was launched recently. Three weeks after its launch, you paid more than 10,000 registered users, and the total payment received exceeded 1 million yuan.
It is understood that Youfu obtained the first round of venture capital investment led by Origin Capital and filed applications for patented technologies in China, the United States, the European Union and other countries and regions. Compared with other third-party payment platforms, Friends Pay provides integrated services for collection of activities, group collections, and friend transfers.
According to Analysys International statistics, the scale of China's online third-party payment is about 1,000 billion yuan. The market share for event collection, group collection, and friend transfers is about 100 billion.
In the United States, events like Brite and Wepay have developed rapidly. Event Brite's annual revenue is US $ 200 million, and it has received venture capital led by Sequoia Capital with a total amount of nearly US $ 100 million. Wepay also recently received venture capital led by Plateau Capital with a total amount of nearly US $ 10 million.
Youfu's existing partners include China UnionPay, Alipay, Visa, Mastercard, Paypal, and will soon reach cooperation intentions with the five major commercial banks, launch a real-name authentication mechanism, and open the platform's application interface API.
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