Online Financial and Tax Services Platform Huisuanzhang Completes Series C
iYiou, 9/26/18
Beijing-based Gongjin Technology, operator of mobile and PC bookkeeping service platform Huisuanzhang, recently announced the completion of Series C funding led by Gaocheng Capital with participation from existing investor Android device maker Xiaomi (1810.HK). The round's total reportedly exceeds all previous rounds combined, according to Huisuanzhang.
Huisuanzhang is an internet financial and taxation services platform, providing small, medium, and micro-sized Chinese enterprises with bookkeeping, tax returns, tax auditing, tax planning, and export tax rebates. Huisuanzhang also has a customized tax collections solution for companies in the logistics and chain store industries. In terms of tech R&D and products, Huisuanzhang has added functions for "smart invoice recognition" and "one-click tax returns" and integrated its data resources to build an enterprise finance and taxes big data analysis AI system "Huisuanzhang Brain."
According to self-reported statistics, Huisuanzhang had established 22 branch offices with a service network covering over 400 cities across China including more than 500 regional service organizations and 400,000 paid clients, as of June 2018. Huisuanzhang's sales volume in H1 2018 broke RMB 400 mln, up 233% YoY.
Editor's Note: For more information on this topic, please see Xiaomi Invests in Online Financial and Tax Services Platform Huisuanzhang, MD 1/26/18 issue.
Keywords: M&A VC financial services corporate user funding Series C Xiaomi Gongjin Technology Huisuanzhang Gaocheng Capital 1810.HK
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