Risk control and data analytics service provider Tongdun Technology has raised $72.8m Series C round.
The investment saw contributions from Cinda Sinorock, Tiantu Capital and Temasek Holdings.
China-based Tongdun helps to protect businesses with anti-fraud, credit risk management, core risk management and information validation services. The platform is currently used across a range of sectors including non-bank microfinance, banking, insurance, payments, funds, gaming and e-commerce, among others.
Founded in 2013, the company has worked with ppdai.com, weidai.com, Sunshine Insurance Group, China Citic Bank, Bank of Bejing and China Merchant Bank, among others.
With the new capital round the company will look to enhance the products innovation and its offerings, by increasing computing capacity and boosting employee benefits. his funding will also help build its global presence with the platform having recently been implemented in Canada.
Earlier this month Temasek Holdings’s venture arm, Vertex Ventures, closed its third Asia-focused vehicle on $210m, surpassing its initial $150m target.
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