51 Credit Card Manager (our translation) is about to close a new financing round for tens of millions of dollars, according to Sootoo.com (report in Chinese). The company has secured Series A financing from Meridian Capital China in 2012.

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

51 Credit Card Manager 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.

51 Credit Card Manager 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.

Emma Lee (Li Xin) was TechNode's e-commerce and new retail reporter until June 2022, when she moved to Sixth Tone to cover technology and consumption. Get in touch with her via lixin@sixthtone.com or Twitter.

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