Paymax Revenue and Competitors

Paymax (Omni Prime) Introduction Omni Prime, whose slogan is ‘pay for what you wish’, is a leading Shanghai-based startup in China’s growing mobile credit field. It provides mobile consumer finance service for low income entrants with a complex risk evaluating system through an APP ‘Paymax’. Team Introduction Team members of Paymax have solid work experience including Sequoia Capital China, Microsoft, Google, Autodesk, top investment institutions of Silver Valley and leading Chinese bank. Founders have strong academic backgrounds, such as Stanford, Tsinghua University, Nanjing University, Fudan University, Shanghai Jiaotong University and so on. Development Path Paymax launched in July 2014. Later it secured significant VC funding led by Zhen Fund, Xiaopin Xu( founder of New Oriental Education & Technology Group), Xunyang Ren(founder of Baidu Search Engine). In October 2015, Paymax secured US$15 million series A led by Sequoia Capita and Ce Yuan Ventures. In July 2015, Paymax secured significant series B. In Feb 2016，Paymax secured series C led by Shunwei Capital and JD Finance, followed by Morningside Group and Inc. . The funding brings the company’s total capital raised to $86.97 million.