Blockchain startups are overvalued: Q&A with Anju Patwardhan, Managing Director at CreditEase China

Blockchain technology is in full swing. Baidu, Alibaba, and Tencent are all vigorously investing in blockchain technology and Chinese VCs are fishing for blockchain tech companies. What’s more, the Chinese government is also poised to educate Chinese people about this booming technology. However, that doesn’t mean that all blockchain projects are viable.

With a $500 million fund and another RMB fund with the same amount, CreditEase Fintech Investment Fund is investing in fintech companies, mostly participating in B and C rounds.

When CreditEase looks into a fintech startup, it starts with the startup’s geographic location, and whether the market offers multiple exit opportunities. CreditEase says they look for the product market fit and invests in the company after thorough due diligence. The startup should have deep expertise in the finance area and use technology to solve problems in this area. After the investment, the firm helps them grow.

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