Amid the boom of personal finance apps in China, Tongbanjie, a mobile financial app, announced it has received nearly US$50 million of funding led by Legend Capital, and followed by angel and Series A investor China Growth Capital.
The company has received Series A financing from IDG Capital and China Growth Capital at the end of last year. The funds will be used to improve the product and marketing, according to the company.
As a financial product aggregator, Tongbanjie allows users to purchase, check and redeem financial products according to their needs and risk-taking capabilities. It serves as a sales channel for financial products like standardized monetary funds, insurance, P2P products, etc.
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