Supply Chain Finance Service Linklogis Completes RMB 200 Mln Series B
Tencent Tech, 8/09/17
Shenzhen-based supply chain finance service provider Lianyirong Financial Service (Linklogis) has completed RMB 200 mln in Series B funding from Chinese internet and mobile services firm Tencent (0700.HK), China Merchants Innovation Investment Management, and Bertelsmann Asia Investments (BAI). Existing shareholders CITIC Capital and Loyal Valley Innovation Capital also participated in this round of funding.
Linklogis founder and CEO Song Qun said that this round of financing will primarily be used for R&D and channel expansion for the company's financing service systems and risk management platforms.
Linklogis primarily provides small- and medium-sized enterprises (SMEs) with supply chain financing services, such as its microlending service "Honey Bee" which provides credit to SMEs that are part of the overall supply chain of larger enterprises. To better evaluate the health of each SME's operations, the company has developed its own SME risk management and assessment model, which is based on the business and supply chain data of SMEs. The company also analyzes this data to offer SMEs risk management and product design consulting services.
Linklogis, established in February 2016 in the Shenzhen Qianhai Development Zone, previously raised close to RMB 100 mln in Series A funding from Tencent, CITIC Capital, and Loyal Valley Innovation Capital.
Keywords: Linklogis funding Series B VC M&A Song Qun financial services Internet Tencent CITIC Capital Bertelsmann 0700.HK Loyal Valley China Merchants Innovation Investment Management
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