Credit Card Manager 51zhangdan Reportedly Closing Financing Round For Tens of Millions of Dollars

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51zhangdan, a credit card manager, is about to close a new financing round for tens of millions of dollars, according to (report in Chinese). The company has secured Series A financing from Meridian Capital China in 2012.

The report added that funds received by 51zhangdan will exceed that of Kaniu and Wacai, two leading financial apps which also announced capital injections earlier this year.

51zhangdan is developed by Hangzhou-based Enniu Internet Technology. It currently manages 10 million credit cards for 3 million active users and analyzes nearly 10 million electronic bills per month, recording around 400 million credit card deals.

51zhangdan is the only financial app that won security certificate from the China Financial Certification Authority, a state-level authoritative security certification organization approved by PBOC and State Information Security Management Organization.