Expert Collections containing Itouzi
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Itouzi is included in 2 Expert Collections, including Digital Lending.
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.
Excludes US-based companies
Latest Itouzi News
Nov 23, 2016
China: RRJ Capital leads $200m Series A in Jubaohui; iTouzi closes $36m Series B Subscribe to our newsletter Shiwen Yap November 23, 2016:   The latest in the deals landscape in China has seen RRJ Capital lead a $200 million Series A investmnet in Jubaohui while iTouzi has closed a $36 million Series B investmnet from Sino Fortune. RRJ Capital leads $200m Series A investment in HNA Internet finance unit Jubaohui Chinese conglomerate HNA Group has secured a funding round for an Internet finance subsidiary aiming to rival Alibaba Group’s Ant Financial and JD.com Inc’s JD Finance, with RRJ Capital leading a $200 million series A round in Jubao Interconnection Technology (Shenzhen) Co., Ltd. The Internet finance unit, Jubaohui, was established by HNA Group in 2014 aims to become an integrated full-service online financial platform. Proceeds from the latest investment will fund the development and expansion of its businesses in online micro-credit, crowdfunding, personal credit rating, third party payment and other Internet finance services. HNA is current making an aggressive push to develop Jubaohui, due to the current restructuring of Internet finance in China enabling a period of consolidation as new regulations are implemented. August 2016 saw Beijing introduce new rules to that will see stricter regulation of China’s P2P (peer-to-peer) lending sector. For instance, it has imposed a strict lending cap to lenders and new barriers on certain types of transactions. To date, Jubaohui reports having over 12 million users and posting total transaction volumes of RMB40 billion ($5.8 billion). It has registered capital of RMB3 billion ($435.3 million) and was wholly-owned by HNA Group prior to the investment. However, its ambitions to compete with Alipay , Ant Financial’s third party payment service, which reports having in excess of 400 million users. combined with its operation of online wealth management service Yu’e Bao, in addition to an array of online finance products, means that competition and customer acquisition are likely to be challenging. iTouzi closes $36m Series B from Sino Fortune Beijing-based financial technology startup iTouzi has raised RMB250 million (US$36 million) in a Series B funding round from Sino Fortune and an individual investor, Sun Jiexiao. Incepted in 2013, it previously raised $10 million in a Series A from growth equity investment firm Delta Capital in 2015. Established in 2010, Delta Capital manages five RMB funds and one U.S. dollar fund with RMB3 billion total assets under management. Sino Fortune is an investment holding company that controls two listed Chinese firms: Shenzhen-listed Hunan Tianrun Digital Entertainment & Cultural Media Co., Ltd. and Shanghai-listed Tianjin Quanyechang (Group) Co., Ltd. Sun Jiexiao controls Shenzhen-listed Suzhou Chunxing Precision Mechanical Co., Ltd. Rather that competing with other P2P lending startups, iTouzi acts as an SME finance platform, providing fundraising and guarantee services to small and medium enterprises (SMEs), using a P2C (peer-to-corporation) business model. It claims to have facilitated transactions totaling RMB21.6 billion ($3.1 billion) cumulatively. Also Read:
Itouzi Frequently Asked Questions (FAQ)
When was Itouzi founded?
Itouzi was founded in 2013.
Where is Itouzi's headquarters?
Itouzi's headquarters is located at Main Street, Xicheng District, Beijing.
What is Itouzi's latest funding round?
Itouzi's latest funding round is Series B.
How much did Itouzi raise?
Itouzi raised a total of $46M.
Who are the investors of Itouzi?
Investors of Itouzi include Sino Fortune Holding, Peeli Ventures, Delta Capital and China Emergency Assistance Investment Co..