Our eye-popping conversion rates really aren’t all that surprising when you consider the user experience. With Zong, all you ask your customers for is their mobile number. With credit cards, you have to ask the card number, the security code, the expiration date and the billing address.* Unlike other payment services, Zong doesn’t require any end-user registration. None. Nada. Zippo.
We spent that last 9 years building tight integrations with the largest mobile carriers in the world. When your customer uses Zong to pay you, we bill them through their mobile carriers. When your customer pays his phone bill each month, the carrier pays Zong. And then Zong pays you. No setup fees. No monthly fees. We only get paid when you do. Simple, really.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 07/01/05 | Series A | 5M | Unknown | |
| 02/01/07 | Series B | 7.5M | Unknown |