Mofanghr’s recruitment platform based on big data secures Series B round, & more

Recruitment platform Mofanghr receives USD 9.4 M in Series B round


Founder: Hao Yunqi

Founded in: 2015

Financing status: RMB 65 million (USD 9.4 million) Series B financing in 2017

Mofanghr is a recruitment platform based on big data that aims to optimize the recruitment process by helping employers reduce time and cost to recruit suitable candidates.

The platform collects resumes on the Internet, and uses its big data technology to match candidates’ resumes with the hiring needs of employers. It recommends potential candidates to attend interviews based on big data analysis, and charges its corporate customers based on the results of the interview. Mofanghr mainly recommends middle management level candidates with annual salaries of less than RMB 350,000 to its corporate customers.

Founded in 2015 in Beijing, its core team members previously worked for Baidu, Alibaba, Tencent, and so on. Its team expanded from 200 at the end of last year to its current staff strength of more than 500. In addition, Mofanghr has more than 3,000 corporate customers including Baidu, Toutiao, and Meituan.

This Series B financing round was led by Beijing Tiancheng Wealth Asset Management, and the capital will be used to expand its big data technology team and optimize its recruitment recommendation services for employers.

Fintech startup Mi-Me receives tens of millions in USD for Series C round

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Founder: Song Mengjiao

Founded in: 2014

Financing status: Hundreds of millions in RMB (Tens of millions in USD) for Series C financing in 2017

Mi-Me is a fintech startup that provides its ecommerce partners with professional solutions for payment installments. It can help its partners attract more customers by providing payment installment methods and recommend its partners’ commodities to customers.

Founded in 2014 in Shanghai, Mi-Me has more than 2 million customers, and has partnerships with about 3,000 business partners. The cumulative turnover on its platform has exceeded RMB 4 billion with an average asset of 20 percent monthly growth.

Its Series A financing round was from Xiaomi, and this Series C round was led by Haier, Xiyu Capital and Panda Capital. It plans to use this fund to optimize its technology of big data research, development in fintec, and increase marketing expenses to attract more partners and customers.

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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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