AI-fintech platform Yongqianbao attracts more than 10 million users and a USD 68 M Series C financing, & more

Yongqianbao receives USD 68 M Series C financing for its AI fintech platform


Founder: Jiao Ke

Financing status: RMB 466 million (USD 68 million) Series C financing in 2017

Yongqianbao is a fintech platform that provides financing services based on artificial intelligence (AI). These AI-financing services include borrowing and installment. Yongqianbao uses artificial intelligence to deal with large amounts of data, and to improve its service efficiency. With the help of machine learning, Yongqianbao can optimize its security system for anti-fraud. Based in Beijing, Yongqianbao has more than 10 million users, and more than 1.2 million transactions are processed monthly on its platform.

This Series C financing round was led by Golden Brick Capital and CICC AlPHA. Other investors include Kai-fu Lee’s Sinovation Ventures. Yongqianbao will use this fund to improve its AI technology for fraud reduction, as well as improve its financing services to gain new users.

Kuaicang receives USD 29 M Series B financing for its robotics storage management services

Screenshot from


Founder: Yang Wei

Founded in: 2014

Financing status: RMB 200 million (USD 29 million) Series B financing in 2017

Kuaicang uses robots to provide smart warehousing storage solutions for many electronic business companies including and A Shanghai company founded in 2014, Kuaicang has a research and development team with close to 100 employees, and more than 400 robots have been sold. In addition, more than 100 robots are deployed at
Kuaicang has created a system with high flexibility and strong adaptability based on the combination of its robots and management software. This saves customers’ time for sorting goods and recording the process.

Kuaicang’s Series B financing round was led by Alibaba’s Cainiao and SoftBank. This fund will be used to speed up its talent recruitment and build a new production center.

(Top photo from

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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