Founded in 2010, Baofu Internet Technology(Shanghai) Co., Ltd. was granted the Payment License by the People's Bank of China in 2011. In July 2015, East Money put 250 million strategic investment into Baofu. In 2016, Baofu successfully renewed its Payment License. In 2017, Baofu was approved by State Administration of Foreign Exchange to do Cross-border Payment business.
With leading R&D and innovation capacity, Baofu is a high-tech company focusing on payment and finance. Baofu takes the lead in offering instant clearance T+0 strategy in combination with payment instruments, and takes 'Instant Clearance All Year Around' as its core business model, providing individual and corporate with flexible, self-service products and payment platform.