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Acquired byeBay
Price$240M
Date7/2011
TermsCash

General Information

Offices

Headquarters
640 Oak Grove Avenue
Menlo Park, CA, 94025
USA
EU head office
43 rte des Acacias
Geneva, 1227, CHE
German office
Flinger Strasse 36
Düsseldorf, 40213, DEU

People

Chairman of the Board
Chief Operating Officer
VP Carrier Partnerships
VP Operations
VP Product
VP Sales Europe
Integration Manager
Business Dev Manager
Show All People

Funding

TOTAL $15M
FUNDING TOTAL $15M
Series A, 4/2010
Matrix Partners
$15M

Competitors

Tags

Zong

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.

Reaching over 3.2 billion mobile users, Zong provides localized payment capabilities in close to 50 countries in 21 languages. Zong is the only mobile payments platform that combines the high conversion rates of carrier billing with the low costs and flexibility of payment card networks.

In 2011, Zong announced the first one-click mobile payment solution for the Android platform so developers could integrate payment options into their applications. The new payment solution creates a seamless experience for users who can now make a purchase within an application with just one click; no registration or log-in is required. The Zong platform automatically verifies the user, bills their mobile phone account and returns them to their application or game without delay.

In 2009, Zong processed mobile payments for over 10 million unique users worldwide. In October 2009 Zong released Zong+ which combines the high conversion rates of mobile payments with the low costs of payment card networks. Zong+ received the Frost+Sullivan Best Practices Award for product innovation and was dubbed a “potential Paypal killer” by TechCrunch.

In early 2010 Zong was spun off from Switzerland-based Echovox. Echovox shareholders received shares in Zong, a U.S. corporation. Zong is backed by Advent Venture Partners, Newbury Ventures and Matrix Partners.

Recent Milestones

  • Handshake
    Zong was acquired by eBay for $240M. (7/7/11)
    Posted 7/7/11 at 6:27pm via techcrunch.com
  • Check
    Zong — eBay Buys Zong For $240 Million In Cash To Boost PayPal's Mobile Payments Technology (7/7/11)
    Posted 9/18/11 at 4:01pm via techcrunch.com
  • Check
    Zong — Mobile Payments Startups Zong And Boku Launch Billing Partnerships With Verizon (1/27/11)
    Posted 1/27/11 at 10:30pm via techcrunch.com
  • Check
    Zong added Sören Stark as Sales Director Germany. (1/1/11)
    Posted 4/8/11 at 10:59am
  • Check
    Zong added Mickael Tournier as Integration Manager. (11/1/10)
    Posted 11/12/10 at 5:53am
  • Check
    Zong added Paul Fredrich as Product Manager. (7/1/10)
    Posted 4/11/13 at 9:18am
  • Check
    Zong — Zong recognized as one of the Hottest Silicon Valley Companies by Lead411 (5/25/10)
    Posted 7/5/10 at 10:58am via lead411.com
  • Check
    Zong added Stephane Kasriel as VP Global Sales & Business Development. (5/10/10)
    Posted 4/13/11 at 9:01am
  • Check
    Zong added Rogier de Boer as VP Sales Europe. (5/1/10)
    Posted 4/8/11 at 10:59am
  • Dollar
    Zong received $15M in Series A funding. (4/26/10)
    Posted 4/26/10 at 10:29pm via techcrunch.com
  • Check
    Zong added Richard Borenstein as VP Strategic Partnerships. (2/1/09)
    Posted 3/23/09 at 5:28pm
  • Check
    Zong added David Marcus as Founder and CEO. (4/1/08)
    Posted 4/8/08 at 5:19pm
  • Check
    Zong added Tamer Hassanein as Monetization Guru. (7/16/07)
    Posted 7/23/11 at 5:52pm
  • Check
    Zong added Samuel Gariplerden as VP Finance Europe. (7/1/07)
    Posted 9/8/13 at 11:17am
  • Check
    Zong added Bertrand Perez as VP Operations.
    Posted 5/7/08 at 12:22pm
  • Check
    Zong added Kurt Hemecker as VP Carrier Partnerships.
    Posted 5/7/08 at 12:22pm

Videos

Above:

From Beet.tv

Added: 12/31/13
Above:

Zong Mobile Checkout process - 1/09

Added: 12/31/13
Above:

Zong+ Demo

Added: 12/31/13

Screenshots

Zong screenshot
Above: Zong Screenshot -- #1
Uploaded: 4/27/10
Zong screenshot Zong screenshot Zong screenshot

Products

1-touch in-app payment service on Android mobile devices
Hosted Mobile Payments for Web apps
Managed mobile payments for handsets
Open API for transaction based messaging services

Traffic Analytics

Quantcast

Livegraph

Compete

Zong

Sources

  1. eBay Buys Zong For $240 Million In Cash To Boost PayPal's Mobile Payments Technology (techcrunch.com) [edit]
  2. Zong Emerges: Facebook Deal And $15 Million In Funding (techcrunch.com) [edit]
  3. LEAD411 LAUNCHES "HOTTEST SILICON VALLEY COMPANIES" AWARDS (lead411.com) [edit]
    Mobile Payments Startups Zong And Boku Launch Billing Partnerships With Verizon (techcrunch.com) [edit]
    eBay Buys Zong For $240 Million In Cash To Boost PayPal's Mobile Payments Technology (techcrunch.com) [edit]
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Last Edited 12/31/13

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