Driven by the personal finance boom in China, Wacai is one of the leading players in this field and has secured US$50 million of Series B funding led by CBC Capital and CICC Jiacheng, along with Series A investors IDG, CDH Fund and Qiming Venture Partners. This round brings Wacai’s total funding to over US$80 million, according to the company.

The financing will be used in technology development, marketing, R&D of financial products, and data mining. Based on data collected, Wacai also plans to construct a user credit system.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

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.