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Stage

IPO | IPO

Total Raised

$263.01M

Date of IPO

3/31/2021

About 100credit

100credit is a FinTech company that leverages real-time data, both online and offline, to provide credit services to banks and other financial services institutions. 100credit provides its users with products and services that allow them to manage the lending process across the whole life-cycle of a loan agreement - enabling them to better assess credit risk of potential borrowers, monitor existing loans for potential defaults, and manage collection process on delinquent loans. In addition, it provides products and services that help insurance companies achieve precision marketing, manage their existing customer base and tailor their products and services.

Headquarters Location

20th Floor, North Building, Block C, Rongke Information Building No.2 South Road, Faculty of Science, Haidian District

Beijing, Beijing,

China

+86 010-62508065

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Expert Collections containing 100credit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

100credit is included in 2 Expert Collections, including Digital Lending.

D

Digital Lending

2,169 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

12,438 items

Excludes US-based companies

Latest 100credit News

Sequoia Capital China backs $159m Series C in fintech startup 100Credit

Apr 19, 2018

Photo by Kevin Lee/Bloomberg News April 19, 2018 Venture capital firm Sequoia Capital China has backed fintech startup 100Credit ‘s Rmb1 billion ($150 million) Series C funding round, which was led by China Reform Fund Management, according to a CMN report . The new round brings 100Credit’s total fundraising to Rmb1.7 billion ($270 million) to date, the company said. Based in Beijing, 100Credit provides financial information services, using big data, to large companies, allowing them to manage the lending process across the whole life-cycle of a loan deal. It also helps insurance firms conduct precision marketing, manage their existing customer base and tailor their products and services. In a statement posted on its official WeChat account, 100Credit said it will use the latest investments to hire more people, update its artificial intelligence lab, and boost its R&D efforts in AI, big data and blockchain related products. Zhang Shaofeng, who founded 100Credit in 2014, was also quoted as saying that the proceeds will also fund further investment in financial risk management products. With the new round, the firm has raised RMB1.7 billion ($270 million) in total. It raised a combined Rmb700 million ($111 million) in Series A and B rounds from a number of investors, including Sequoia Capital China and IDG Capital. Sequoia Capital China is also reportedly backing the more than $1 billion fundraising of Shanghai-based e-commerce site Pinduoduo. The startup has become one of the fastest-growing startups in China by creating a sort of Facebook-Groupon mashup, where people spot deals on fruit, clothes or toilet paper and then recruit their friends to buy at a discount. In March, Sequoia Capital China also led the $50-million Series C fundraising round in Adagene, a Chinese antibody discovery and development firm based in Suzhou. Also Read:

100credit Frequently Asked Questions (FAQ)

  • Where is 100credit's headquarters?

    100credit's headquarters is located at 20th Floor, North Building, Block C, Rongke Information Building, Beijing.

  • What is 100credit's latest funding round?

    100credit's latest funding round is IPO.

  • How much did 100credit raise?

    100credit raised a total of $263.01M.

  • Who are the investors of 100credit?

    Investors of 100credit include HongShan, China Reform Fund, Hillhouse Capital Management, CICC Qianhai Development Fund, China International Capital Corporation and 7 more.

  • Who are 100credit's competitors?

    Competitors of 100credit include LendSmart.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare 100credit to Competitors

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Boss Insights offers a data platform digitizing lending to grow business relationships. It empowers lenders to increase personalized sales opportunities and accelerate business lending from months to minutes and provides banks, credit unions, and private lenders with a real-time understanding of their business clients. The company was founded in 2017 and is based in Toronto, Canada.

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Coviance

Coviance develops a web-based compliance platform to allow credit unions and community banks in the lending process. The platform provides traditional services with national coverage and technology to help in the lending process and the financial loan cycle. The company was founded in 2015 and is based in West Des Moines, Iowa.

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LendSmart

Lendsmart is a financial technology company providing banks, credit unions, and non-bank lenders end-to-end digital solutions for their lending and home buying operations.

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Q2 (NYSE: QTWO) provides cloud-based digital banking solutions. The company offers digital banking solutions for deposits, money movement, lending, leasing, security, and fraud which enable financial institutions to deliver a convenient financial experience to their account holders. It provides solutions to banks, credit unions, financial technology companies, and more. The company was founded in 2004 and is based in Austin, Texas.

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