Tech Company Financing Transactions
Wecash Funding Round
Wecash, based in Beijing, secured $80 million from China Merchants Venture Capital and private investors.
Transaction Overview
Company Name
Announced On
4/26/2017
Transaction Type
Venture Equity
Amount
$80,000,000
Round
Series C
Investors
China Merchants Venture Capital (Lead Investor)
Proceeds Purpose
Wecash will use its latest round of capital to improve its lending AI to provide banks, insurance and consumer finance companies with bleeding-edge fintech services.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
Beijing, 100125
China
Beijing, 100125
China
Phone
Website
Email Address
Not Recorded
Overview
Wecash is a China-based big data credit assessment platform that provides solutions for technology companies. It uses machine-learning algorithms to provide credit assessments in less than 15 minutes.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zhi Zhengchun
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We do our best to document every notable VC transaction. All VC database entries reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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