Feidee said to bag $200m in Series C funding round

China-based personal finance platform Feidee has reportedly scored $200m in its Series C, from undisclosed investors.

Founded in 2010, the company is a mobile-based personal finance management application which helps users to record daily expenses, according to a report by China Money Network. Through the service users can manage, accounts, cards, loans and insurances, among others.

Currently there are more than 260 million users on the mobile application.

The company has previously received an undisclosed Series B venture funding round back in 2014 from Sequioa Capital, and a $15m Series A from the same firm in 2012, a previous article by China Money Network states.

There have also been several other recent investments into China-based companies, with small and micro loan provider Dashu Finance raising $115m in its Series C. The funding?saw commitments from PAG, Chunhua Capital, Sequoia Capital China Fund, Everbright Holdings and Huaxing Capital.

Other recent deals include finance and tax management platform Yunzhangfang.com $14m investment from Hillhouse Capital and crowdfunding platform Kaistart $29m Series C.

The personal finance subsector of WealthTech has received around half of the total deals in the last quarter, and over a quarter of the total amount of equity.

Copyright ? 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.