Bicai365 closes RMB100m Pre-C financing round

Bicai365 has raised 100 million yuan in Pre-C round of strategic financing from Tongfangzhiqing. Proceeds from the fresh funding round will be used to continuously build an online closed-loop ecosystem that integrates bank assets and wealth management users, as well as focus on regional scenarios.

Bicai365 has raised 100 million yuan in Pre-C round of strategic financing from Tongfangzhiqing. Proceeds from the fresh funding round will be used to continuously build an online closed-loop ecosystem that integrates bank assets and wealth management users, as well as focus on regional scenarios.

Prior to this, Bicai365 also obtained 100 million yuan in Series B financing round in July 2018, led by Bojiang Capital and joined by Hong Kong First Eastern Investments Limited and Richland Equities; in July 2017, it secured 63 million yuan Series A round led by China Science & Merchants Investment Management Group, with participation from First Eastern Investments Limited, Richland Equitiesand other institutions.

Established in 2016, Bicai365 is a developer of a online platform intended to help users screen and choose different investments and funds that banks provide. The company’s platform can directly connect to banking systems, enabling clients to open accounts, check balance, create investment portfolio, access financial planning products and perform other functions efficiently.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/04/bicai365-closes-rmb100m-pre-c-financing-round/.

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