Rongcard closes multimillion-yuan Series A round led by Fortune Capital

Digital identity, trusted data and services provider Rongcard has recently announced the completion of tens of millions of yuan in its Series A financing round.

Digital identity, trusted data and services provider Rongcard has recently announced the completion of tens of millions of yuan in its Series A financing round.

The round was led by Fortune Capital, with participation from Zhengxuan Investment, Zhongjinshi Venture Capital and TaHua Capital.

Founded in 2013, Rongcard is a developer of security solutions for Internet of Things. The company’s TSM-based chip-level security management platform, “TASE”, is based on inSE/eSE of IoT terminal and TEE security environment of mobile terminal.

The company provides security integration services such as intelligent terminal data encryption, digital certificate, identity verification and authentication to mobile phone manufacturers, IoT device manufacturers, mobile application service providers, and IoT application service providers.

Currently, Rongcard has become the main partner of wallet applications of Huawei, Xiaomi, OPPO, Vivo and other mainstream mobile phone manufacturers.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/07/13/rongcard-closes-multimillion-yuan-series-a-round-led-by-fortune-capital/.

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