Xinzhi Hulian Cloud secures RMB30m Pre-A financing round

Xinzhi Hulian Cloud, an independent subsidiary incubated by Bicai365, has received a Pre-A financing round raising 30 million yuan. The funding was led by First Eastern Investment Group and Bicai365, with participation from Zhongrun Capital.

Xinzhi Hulian Cloud, an independent subsidiary incubated by Bicai365, has received a Pre-A financing round raising 30 million yuan. The funding was led by First Eastern Investment Group and Bicai365, with participation from Zhongrun Capital.

Bicai365 started as a supermarket for comparison of wealth management products of banks, and gradually developed into today’s B2B platform to export its own platform capabilities.

Xinzhi Hulian Cloud is an important part of Bicai365’s B2B business strategy this year. It is expected that by opening the cloud API, Bicai365’s technology will be exported to connect more asset-end and financial industry sales organizations.

To date, Xinzhi Hulian Cloud has completed signing contracts with 5 wealth management subsidiaries and 4 commissioned banks. The cloud platform has entered the phase of internal testing.

The company said thatthis year, it is expected to complete the docking of 20-30 commissioned banks and 10 wealth management subsidiaries, with an estimated revenue of 10 million yuan.

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/xinzhi-hulian-cloud-secures-rmb30m-pre-a-financing-round/.

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