• FOUNDING YEAR: 2014
    LOCATION:
    China
    REGION:
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
E-commerce portal to buy goods, monthly payment services for e-commerce users
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail online customers
EXISTING PARTNERSHIPS:
Alipay, Sesame: To integrate Qufenqi with Alipay and Sesame credit-scoring service to construct a financial ecosystem.

PEOPLE

FOUNDERS:
Min Luo, Shuang Liu
Board Members and Advisors:
Min Luo, Shuang Liu
INVESTORS:
BlueRun Ventures, Kunlun Worldwide, Ant Financial , Source Code Capital, Shichun Wu, Yuanma Capital, Beijing Phoenix Wealth Holding Group, Hangzhou Liaison Interactive Information Technology

TRACTION

VALUATION / MARKET CAP:
$5.9 Billions in 2016
ACTIVE USERS:
20000000
ACTIVE USERS COMMENT:
Mostly university students and young workers

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$874 Millions
DATE OF LAST FUNDING:
Jul 2016
FUNDING SERIES:
SERIES A
nobqwzfdwrdgweez wtcj Closed: Apr 2014
SERIES B
$25 Millions Closed: Aug 2014
SERIES C
$100 Million Closed: Dec 2014
SERIES D
$100 Million Closed: Apr 2015
SERIES E
$200 Millions Closed: Aug 2015
LISTED:
NO
COMMENT:
Series D: $100 M (Apr 2015); Series E: $200 M (Aug 2015); Series F: $449 M (July 2016)

LATEST RESEARCH