China-based financial technology developer Shengli Financial Software has secured RMB100m ($14.3m) in a series B-plus round featuring financial data and news provider East Money Information.
Venture capital firm Sequoia Capital China led the round, which included Fortune Capital, Zhejiang Paradise Silicon Valley Asset Management Group (Silicon Paradise) and Zhejiang United Investment Group (Zuig Investment).
Founded in 2005, Shengli has developed a software tool that facilitates the trading of investment products including securities, futures, spot currency and derivatives. It had previously raised $7.3m in series A funding from Yuerong Capital and Oriza Hua, a vehicle for investment holding group Oriza Holdings, in August 2018.
Shengli Financial CEO Liu Feng said: “The series B-plus funding round will help consolidate Shengli’s leadership position [in different market segments] and to accelerate its expansion in overseas markets and other asset trading areas.
“With the further development and opening of China’s financial market, the protection of intellectual property rights and the abundant capital provided by many investors, Shengli will be able to continue to innovate and provide customers with better fintech products and services.” (Translated from Chinese by Global Corporate Venturing)
