China-based FinTech company Shengli Financial Software has reportedly raised RMB 100m ($14.3m) in its Series B+ round.
The capital injection was led by Sequoia Capital China, according to an article from China Money Network. Other contributions came from Fortune Capital, Zhejiang Paradise Silicon Valley Asset Management Group, Zhejiang United Investment Group and Eastmoney.com.
Shengli develops financial software aimed at helping financial institutions to implement digital tools for securities, futures, exchanges, trading and more. Founded in 2005, the company’s technology is aimed at offering a fast and secure, end-to-end trading ecosystem.
Its Series A round closed in 2018 on RMB 50m.
China’s strong FinTech space has helped bring the total FinTech funding in Asia to $98.1bn, since 2015. Of the capital raised, 67.1% has been invested into companies based in China, FinTech Global data shows.
The region’s second largest market is India, which represents 17.9% of the total funding in Asia.
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