Xiangyu Fintech receives RMB15m Series-A round financing

Xiangyu Fintech (Xiangyu Inc.) announced the completion of Series-A round of financing of 15 million yuan.
Prior to this, Xiangyu Fintech obtained seed-round financing from angel investors in 2014 and angel-round financing from multiple parties in early 2016.

Xiangyu Fintech (Xiangyu Inc.) announced the completion of Series-A round of financing of 15 million yuan.

Prior to this, Xiangyu Fintech obtained seed-round financing from angel investors in 2014 and angel-round financing from multiple parties in early 2016.

Xiangyu Fintech said that this round of financing will mainly be used for the introduction of exceptional talents, boosting of research and development, business expansion to improve performance, and help the company’s IPO.

Founded in 2014, XiangYu Fintech is a financial technology company focused on financial credit business operations and risk control, providing “Operation plus Risk-control” financial systematic solutions to licensed financial institutions.

It is also one of the first companies in China to pass the compliance test of financial risk control data circulation standards of the Ministry of Industry and Information Technology, and the first company in China to use the desensitization data of operators for credit analysis support of personal credit business through API interface. It is committed to becoming a leading fintech company in China. In November 2019, Xiangyu Fintech launched its IPO procedures.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/05/xiangyu-fintech-receives-rmb15m-series-a-round-financing/.

Leave a Reply

Please Login to Comment