Snowball Technology
Snowball enables scalable secure services and credentials provisioning to TEE/SE on mobile, automotive and IoT devices.
Snowball enables scalable secure services and credentials provisioning to TEE/SE on mobile, automotive and IoT devices.
Snowball Technology, founded in 2013 and headquartered in China, is a pioneer in virtualizing transit cards for Android and iOS devices. Their slogan "🚇 NFC virtual transit cards in 6 months" underlines their ability to help Public Transit Agencies provide secure mobile ticketing options in a quick timeframe. The company recently secured a substantial CNY50.00M venture round investment led by Huami on 24 July 2019. Snowball Technology's focus on the Finance and Financial Services industries positions them at the intersection of transportation and fintech. Their offer to assist cities in implementing mobile ticketing solutions in as little as three months signifies their agility and potential for rapid market penetration. For venture capitalists looking into innovative solutions in the transportation and finance sectors, Snowball Technology presents an interesting prospect. Their efficient approach to providing transit agencies with mobile ticketing not only benefits commuters but also holds potential for strong returns for investors.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Venture Round | CNY50.00M | 1 |
|
24 Jul 2019 |
| Series B | CNY20.00M | 1 |
|
27 Nov 2015 |
| Series A | CNY10.00M | 1 |
|
12 Dec 2014 |
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