MDI Ventures and Rakuten Capital contributed to a $20m round for mobile payment technology producer QFPay, which has now raised at least $36.5m altogether.

Hong Kong-based barcode-payment technology provider QFPay has collected $20m in a round backed by subsidiaries of telecommunications company Telkom Indonesia and e-commerce firm Rakuten, e27 reported yesterday. MDI Ventures and Rakuten Capital were joined in the round by venture investment platform VentureSouq and venture capital firms Sequoia Capital China and Matrix Partners. Founded in 2012,…

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