Heyue Technology completes multi-million-yuan Series A financing round

The new financial infrastructure service provider Heyue Technology’s tens of millions yuan Series A financing round has been reviewed, passed, and announced by the board of directors of Rendong Holdings, a listed company. CRC Capital served as the sole financial advisor in this financing.

The new financial infrastructure service provider Heyue Technology’s tens of millions yuan Series A financing round has been reviewed, passed, and announced by the board of directors of Rendong Holdings, a listed company. CRC Capital served as the sole financial advisor in this financing.

The proceeds will be mainly used for the construction of market channels and technological research and development.

Heyue Technology is a provider of contract technology service, focusing on new types of financial infrastructure technology services based on smart contracts. The company provides comprehensive solutions and services such as blockchain, distributed identity, smart contracts, and cross-chain assets for the financial industry and governments, committed to improving the credibility of transactions and the efficiency of industrial collaboration.

Dr. Yu Xiao, the founder of Heyue Technology, said that Heyue is a pioneer and builder of new financial market infrastructure, committed to the implementation and application of blockchain technology. It will also be closer to the characteristics of the commercialized market, forming extensive coverage and in-depth business service capabilities within the industry around KA clients.

In the current market environment, obtaining this round of financing is very timely and critical. At present, Heyue Technology still maintains high-speed business growth under the epidemic outbreak.

The company completed the joint application for the key R&D projects of the Ministry of Science and Technology at the beginning of the year. With the adaptation of telework, it delivered multiple projects on time and continued to provide services for new clients.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/heyue-technology-completes-multi-million-yuan-series-a-financing-round/.

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