Hangzhou-based expense reimbursement Software as a Service (SaaS) provider Meike Technology has announced the completion of RMB 30 mln in Series A funding led by China Broadband Capital. The funding will be used for technology R&D, sales team building, and marketing operations.
Meike, established in June 2015, is a Chinese SaaS firm for business travel and expense management. Its main product, Meike Baoxiao, provides mid- and large-sized enterprise clients with reimbursing, approval, financial auditing, teller payment, account entry, and expense analysis and management services. A spokesperson for the company revealed that the company currently has over 30 enterprise clients.
Meike previously received RMB 10 mln in angel funding in February 2016.