Citcon provides a software-based payments platform that enables merchants to accept mobile wallets and alternative payment methods through a single API, supporting over 100 wallets worldwide. Its technology integrates with POS and e‑commerce systems such as Toshiba, Oracle, Cegid, Shopify and SAP and is deployed at more than 30,000 merchant locations, including L’Oréal, Tumi, Texas Instruments, Macy’s and Panda Express. The company reports an annualized payment volume of about $1 billion and has posted roughly 300% year‑over‑year growth in both payment volume and revenue. Citcon was founded in 2015 by CEO Chuck Huang, who previously led systems architecture work at Visa, and today has about 100 employees with offices in the U.S., Canada, Europe and Asia. It has formed partnerships with PayPal/Venmo and Klarna to broaden wallet and BNPL capabilities. The company plans to use new capital to grow headcount and pursue rapid overseas expansion with a focus on Latin America and the Asia‑Pacific region. Citcon is a cross-border mobile payment and commerce solution provider that introduced China’s largest QR-based mobile wallets—Alipay, WeChat Pay, and UnionPay—to North America. Its core product is a QR-based payment platform that connects global merchants with Chinese consumers across retail, hospitality and eCommerce, integrating payments with marketing and eCommerce features. The company is based in Santa Clara, California and was founded in 2015 by CEO Chuck Huang. Citcon recently raised US$5M as a strategic investment that contributed to a US$15M Series B to date. It plans to use the funds to broaden its suite of product applications and expand teams across technology, product, marketing and sales. The company has grown to become a market leader in QR-based cross-border mobile wallet solutions, serving merchants seeking access to billions of Chinese consumers.

Total raised

$35M

Funding rounds

2

Latest round

Series C

Latest activity

Oct 2021