Company Information

Get to know sericapay (ycs15)

SericaPay was a fintech startup and a graduate of the Y Combinator Summer 2015 (YCS15) batch. The company's mission was to bridge the payment gap between Western businesses and the rapidly growing market of Chinese consumers by providing a simple API to integrate popular Chinese payment methods like WeChat Pay and Alipay. It effectively acted as the "Stripe for China payments." In 2017, SericaPay was acquired by the Singapore-based payment solutions provider FOMO Pay, and its operations were absorbed into the acquiring company.

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sericapay (ycs15)

United States

Founded in

2014 (12 Years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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