Wacai, a personal finance app developer, announced today it has secured $15 million of Series A+ funding from Qiming Venture Partners. The company has raised about ten million dollars of Series A funding from IDG Capital Partners and $3 million from CDH Investments last year. This round brings Wacai’s total funding to nearly $30 million.

Li Zhiguo, founding partner of angel investor Ameba Capital, will assume the post of Wacai’s CEO. Li worked as an angel investor since 2010 after Koubei, a ratings and reviews service he founded, was acquired by Alibaba in 2008. The projects he invested in include, social shopping service Mogujie, taxi-booking app Kuaidi Dache, interest-based social network Huaban, Wacai, etc.

Li said that it is the promising prospects of Internet finance industry and the team that attracted him to join the company. The firm is now supported by a team of round 70 employees. Li added the capital raised this time will be used to attract more talents.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.