/Fintech continues to be hot in China with Jucaicat receiving USD 15M for Series A, & more

Fintech continues to be hot in China with Jucaicat receiving USD 15M for Series A, & more

Fintech platform Jucaicat receives USD 15 M for Series A

Jucaicat

Founded in: 2014

Financing status: RMB 100 million (USD 14.5 million) Series A round in 2017

Jucaicat is a fintech platform that provides financing and lending services. The Shanghai company has 4 million users so far and cumulatively gained more than RMB 600million in revenue. Jucaicat founder Xue Liang used to work for Alipay and JD.com, and is a professional in financial business and technology. Now, the fintech startup has a team of more than 100 members who are mainly focusing on technology development. It has developed a risk management information system called TaiJi, which offer users precise information and services based on its big data.

Jucaicat received its angel round financing led by Banyan Capital in 2014, and its Series A round from TIZA. Jucaicat will use this fund to enhance its risk management information system and expand its market share.

Power bank rental startup Ankerbox receives millions in USD for Series A

Screenshot from Jiediankeji.com
Screenshot from Jiediankeji.com

Ankerbox

Founded in: 2015

Financing status: Close to RMB 100 million (USD 14.5 million) in 2017 Series A round

Ankerbox is a power bank rental startup that provides portable power banks in various places for users to rent. Similar to its competitor Xiaodian, Ankerbox has placed many power banks in shopping malls and canteens. However, unlike Xiaodiao, Ankerbox enables users to take its portable power banks away. Users can use GPS to search for nearby power banks online and place orders, and then scan the QR code to unlock the power banks to rent it. In addition, Ankerbox charges a deposit. Founded in Shenzhen in 2015, it has so far placed its power banks in more than ten cities including Beijing, Shanghai and Guangzhou, and has more than 1 million users.

Ankerbox received this Series A financing round from IDG and Sunwoda, and this fund will be used to expand its rental business to new cities.

(Top photo from 58pic.com)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.