IceKredit has closed a $47m pre-Series C funding round supported by Yunqi Partners

Credit risk and management FinTech scaleup IceKredit has announced that it has raised $47m in a pre-Series C round, more than the $44m invested so far.

The round was supported by several existing investors. For instance, early-stage venture capital firm Yunqi Partners returned to this round after having injected money into IceKredit’s £25m funding round in 2018. Yunqi Partners has also backed companies like XTransfer, the cross-border financial solution provider for Chinese SMES, in the past.

Chengyu Mao, founder and partner of Yunqi Capital, said, “Yunqi has been a continual pioneer in the FinTech industry since early 2014. Ever since its angel investment round, IceKredit has caught and kept our attention and business, and we confidently continue to invest in them.”

IceKredit plans to use the new money in three areas. Firstly, IceKredit wants to grow its workforce, focusing particularly in business analytics, big data and artificial intelligence. Secondly, it aims to grow its reach in international markets. Thirdly, IceKredit will introduce new merge and acquisition campaigns with other companies.

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