China-based financial risk management software developer Bangsun Technology has raised RMB160m ($23m) in a series B+ round featuring Legend Capital, the venture capital firm sponsored by conglomerate Legend Holdings, China Money Network has reported.
The round was led by VC firm F&G Ventures and included Co-Stone Capital. It comes after a $3m series A round in 2015 and a $19m series B round led by Legend Capital the following year.
Founded in 2010, Bangsun supplies real-time risk management software for the financial services industry as well as a range of anti-fraud products.
The company also provides risk management technology for the ticketing, transport, telecommunications and public security sectors through a subsidiary called Bangrui Technology which it established in 2016.