Duocaitou pulls in financing for real estate crowdfunding

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fintech insurtech wealthtech regtech ai cybertech esg news

Chinese real estate crowdfunding platform Duocaitou has raised a pre-Series A round from investors. The amount received is undisclosed.

The financing comes from Share Capital, Innovation Angel Fund and Shunwei Capital Partners.

Duocaitou’s platform focuses on boutique hotels and home rental by identifying quality hotels and rented homes that it can offer for crowdfunding. The company says it aims to make the funding opportunities available to users of differing lifestyles and asset portfolios.

It says it now operates in 15 provinces and cities including the US, Japan, Australia and Thailand.

The company claims that its crowdfunding campaigns have now raised more than $15m it total.

Duocaitou says the capital will be used to expand its network of travel accommodation to offer investors greater products.

Copyright © 2016 FINTECH GLOBAL

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