Tuotuo Digital Technology

Tuotuo Digital Technology

A user-oriented, technology-first digital technology company.

HQ location
Haidian, China
Launch date
Enterprise value
$11—17m
  • Edit
Get premium to view all results
DateInvestorsAmountRound
investor

€0.0

round
*

CNY20.0m

Series A
Total Funding000k
Notes (0)
More about Tuotuo Digital Technology
Made with AI
Edit

Tuotuo Digital Technology, operating under the brand Flyway (inflyway.com), is a financial technology firm established in 2020 and headquartered in Beijing, China. The company positions itself as a comprehensive service provider for the cross-border trade sector, addressing the needs of e-commerce merchants, B2B enterprises, platforms, and financial institutions. Its core business revolves around a one-stop platform designed to simplify international transactions for micro, small, and medium-sized enterprises (MSMEs).

The company's service portfolio, branded as Flyway, integrates payment processing, risk control, and other financial technology services. For payment collections, Flyway enables merchants to receive funds through various methods; social e-commerce sellers can generate payment links, platform-based businesses can open overseas bank accounts for settlement, and independent websites can integrate Flyway's cashier system. The platform also facilitates direct payments to suppliers and offers services for cross-border cash withdrawal and collection. A significant component of its offering is a big data intelligent risk control system, which is used for credit rating, risk management, and decision-making solutions to support offerings like collateral-free credit loans for e-commerce exporters.

Since its inception, Tuotuo Digital Technology has secured funding to fuel its growth. The company closed its first fundraising round in May 2021, followed by a second in December 2021. It completed a Series A funding round in July 2022, raising an undisclosed amount from Dewu Capital, which added to a previous $1.54M seed round from Sky Saga Capital. These funds are intended to enhance the company's capabilities in B2B risk control and underlying payment technologies. By August 2022, the company reported serving over 50,000 MSMEs and was adding more than 5,000 new corporate clients monthly. The platform's payment and settlement services cover over 200 countries and regions, supporting more than 60 payment methods.

Keywords: cross-border payments, fintech, B2B e-commerce, payment gateway, risk management, international trade finance, SME financing, online lending, payment processing, global payments, digital technology, financial services, e-commerce solutions, trade finance, credit rating, data intelligence, currency exchange, payment collection, Beijing, China

Analytics
Unlock the full power of analytics with a premium account
Track company size and historic growth
Track team composition and strength
Track website visits and app downloads