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Stock Trading App 'Gupiao Dengta' Raises RMB 55 Mln Series A

PE Daily, 8/13/17

Wuhan-based Dengta Financial Information, operator of mobile stock trading service app Gupiao Dengta (literally "Stock Lighthouse"), recently announced completion of RMB 55 mln in Series A funding led by Kaitai Capital, with participation from transportation infrastructure developer Chutian Expressway (600035.SH) and Fuzhishuo Equity Investment. Funds will mainly be used for market expansion and for artificial intelligence infrastructure and applications development.

Dengta, established in July 2015, combines artificial intelligence technologies and professional financial services to create smart stock trading applications.

The Gupiao Dengta app currently has approximately 1.5 mln users, of whom roughly 10% engage in trading on a daily basis.

Gupiao Dengta also has a bot that can interact with users, called "Dengta Biaoge," which operates as a smart robot to aid with stock trading decision-making.

Dengta previously completed RMB 50 mln in angel funding from its three co-founders and a Shanghai-based company soon after it was founded.

Keywords: Dengta Financial Gupiao Dengta funding Series A Kaitai Capital Chutian Expressway 600035.SH Fuzhishuo VC M&A wireless financial services

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