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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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.