Fintech startup Wecash (闪银) announced today that is has raised US$ 80 million funding in a series C round led by China Merchants Innovation Investment Management, Forebright Capital Management, and SIG, local media is reporting (in Chinese).

It had previously won US$ 6.6 million in series A round (in Chinese) led by IDG and secured US$ 20 million in Series B led by SIG.

Founded three years ago, Wecash is the first online credit evaluation platform in China. The Beijing-based startup was the only Chinese firm that appeared in a KPMG report on the world’s top 50 fintech innovators in 2014, according to public data on its official website.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.