• FOUNDING YEAR: 2013
    LOCATION:
    China
    REGION:
    Last Update:
    27 Jun, 2019
    Global presence:
    China

Description

FOCUS

PRODUCTS & SERVICES:
Wecash offers credit evaluation services by leveraging data mining analysis and machine learning technologies. The evaluation results enable individual users & financial institutions to complete transactions quickly and effectively.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail and institutional customers
COMMENT
As of the end of January 2018, Wecash had supplied hundreds of millions of credit reports based on the 130 million users whose credit histories were available in the Wecash database and also the company has provided solutions to over 50 financial institutions.

PEOPLE

FOUNDERS:
George Zhengchun Zhi
Board Members and Advisors:
George Zhengchun Zhi
INVESTORS:
SIG Ventures, IDG Capital Partners, Foresight Group, China Merchants Group, Orix Capital Corporation, SEA Group, Sagamore, Forebright, Lingfeng Capital, Hongdao Capital
KEY EMPLOYEES:
George Zhengchun Zhi (CEO), Purui Wang (CTO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$326.81 Millions
DATE OF LAST FUNDING:
Mar 2018
TOTAL FUNDING COMMENT:
The company is planning to use its funds to expand its lifestyle service portfolio to include residential rentals, consumer goods, and aesthetic surgery and to widen the application of its artificial intelligence capabilities in data mining, machine learning, and smart chips. (Mar. 2018)
FUNDING SERIES:
SERIES A
$5.81 Millions Closed: Sep 2014
SERIES B
$20 Millions Closed: Mar 2015
SERIES C
$80 Millions Closed: Apr 2017
SERIES D
$221 Millions Closed: Mar 2018
DEBT FUNDING:
$420 K
LISTED:
NO

LATEST RESEARCH