Nov 16, 2017

Chalida Ekvitthayavechnukul | DealStreetAsia – VC China’s financial services firm 9F Group has raised a large funding round, running into several hundreds of million US dollars, from Cinda International Holding Ltd , Focus Media Information Technology ’s chairman Jiang Nanchun, Youzu Interactive ’s chairman Lin Qi and an unnamed listed industrial company’s fund. 9F Group entered into the unicorn list when it raised $110 million series B round led by IDG Capital Partners and SIG Asia in 2015. Back in 2009, it raised $3 million in series A round from a Hong Kong listed company. The company said, in the statement on Wednesday, the proceeds will be used to integrate its digital financial services platform to connect customers with banks, insurance, consumer internet and e-commerce companies. 9F Group, founded in 2006, provides customised consulting services to Chinese banks in two areas including microfinance and wealth management as well as in peer-to-peer lending. Its services also include a cloud consulting platform, which enables real-time consulting for its bank clients as well as online securities trading and big data analysis. It claims to have over 48 million registered users as of November 2017. Also read: