Hyperwallet is an American payment service platform that mainly serves e-commerce companies, helping users pay independent sellers or suppliers, including paying fares, paying royalties, etc. In addition, it can automatically complete currency conversion based on the location of the payee, making it convenient for users to make payments and other transactions. About Hyperwallet 1.1.1. Hyperwallet is a global payment service provider. We (Party A) are committed to providing payment services and related functions to Hyperwallet business customers (collectively, "Payers", i.e. parties who want to pay a specified payee (collectively, "Payee")) and provide technical support for the services further described in this document (collectively, the "Services"). 1.1.2. Hyperwallet operates and provides services through local affiliates around the world (collectively, "Affiliates"). These Affiliates and their respective parent companies, subsidiaries and affiliates are collectively or jointly referred to as "Hyperwallet." Hyperwallet Affiliates are registered and licensed in the jurisdictions of the relevant regulatory authorities as described in the "Licenses and Representations" section of the Hyperwallet.com website. Generally, the services you will receive from Hyperwallet Affiliates are based on your location, as described in the "Affiliates and Governing Law Table". Notwithstanding the foregoing, Hyperwallet may, at any time and in its sole discretion, delegate the performance of any of the following services, obligations and/or requirements to its affiliates, agents, suppliers and contractors and may disclose any information to any person in accordance with the Privacy Policy in order to perform its obligations. Hyperwallet successfully completes strategic investment financing Around June 3, 2014, financial company Hyperwallet successfully completed strategic investment financing. The total amount of funds raised was not disclosed. The investors were Raymond James and Primus Capital. After the financing was completed, Hyperwallet's company market value was estimated at approximately RMB 3.25 billion. |