Chinese bookkeeping app Suishouji has secured millions of dollars in Series B financing led by Fosun Capital and followed by Series A investor Sequoia Capital  China.

Suishouji helps users to achieve the goal of being economical and to better master their financial status by keeping accounts, setting budgets, controlling unnecessary expenditure, etc. The note-taking solution provides visual and complete dynamic reports to help users know where their spending goes in life. The app also sends alerts to through shot messages or emails when users’ spending exceed the budgets, helping them to control urges for shopping.

The app has amassed over 120 million users, with monthly active users stands at around 3 million, according to the company. The app books over 10 million of notes per day, managing 500 billion yuan (around US$82 billion) of debts and 100 billion yuan of financial investments in 2013. The company expects these figures to double this year.

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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.