IceKredit, a China-based credit assessment software provider backed by online game developer Youzu Interactive, picked up $47m on Sunday in a pre-series C round led by Guohe Capital.
Guohe Capitall, a fund manager established by financial holding firm Shanghai International Group, participated in the round alongside venture capital fund Yunqi Partners and undisclosed existing investors.
Founded in 2015, IceKredit has built a risk management platform that assesses creditworthiness using big data and artificial intelligence technology. The service helps banks score subprime consumers who may not otherwise be able to secure loans.
The capital will support the continued development of IceKredit’s business analytics in addition to research and development that will focus on big data and AI. It will also drive international expansion efforts and enable the company to pursue strategic acquisitions.
IceKredit had previously raised nearly $25m in an April 2018 pre-series B round led by Youzu Interactive that included Yunqi Capital, YongRui Investment, Frees Capital, China Creation Ventures and Lingfeng Capital.
That round reportedly brought IceKredit’s total funding to more than $50m, though the company said this week it had secured a total of $44m across its angel, pre-series A, series A and series B rounds.
