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Dazhangfang secured funds for smart finance and taxation solutions, & more

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Smart finance and taxation platform Dazhangfang receives USD 13.4M for financing


Founder: Kan Zhenfang

Founded in: 2014

Financing status: RMB 90 million (USD 13.4 million) for financing in 2017

Smart finance and taxation platform, Dazhangfang, received USD 13.4M on July 29 to expand its business to the fin-tech industry.

In this new stage of advanced science and technology services, the traditional tax industry is encountering obvious problems, such as low-efficiency accounting work, which requires too much time and leaves room for error. Being that finance, taxation, and accounting work are important for enterprises to review past work and make future plans, informatization has become necessary for the finance and tax industry.

Dazhangfang is a smart finance and taxation platform as well as an electronic invoice service system. Its services cover online bookkeeping and accounting, smart reimbursement, enterprise tax declaration and tax reimbursement for export, and more. For example, it can automatically recognize payment records on WeChat and Alipay and convert it into an electronic invoice.

Founded in Beijing in 2014, Dazhangfang currently supports more than 5000 bookkeeping companies, as well as tens of thousands of small and micro enterprises. Meanwhile, its services are available overseas, including in Malaysia, Singapore, and Vietnam.

This new financing round was led by Homa, a refrigerator ODM producer in the cooling industry in China. The capital will be used to expand its business to the fin-tech industry and invest in global expansion plans.

Industrial robot developer Harmo Robotics receives USD 2.7M to mass-produce robots

Harmo Robotics

Founder: Xiao Haifeng

Founded in: 2016

Financing status: RMB 18 million (USD 2.7 million) for pre-Series A financing in 2017

Industrial robot developer, Harmo Robotics received USD 2.7M on July 31 for pre-Series A financing round for mass production of its robots and building construction.

Harmo Robotics is an industrial robot developer that mainly focuses on research and development, as well as the manufacture and application of robots. Its robots are mainly designed for specific functions, including smart spray for automobiles, advanced metal processing, and automotive equipment automation.

Founded in 2016 in Wuhan, its team has more than 40 employees, 60% of which have doctorate degrees. It is cooperating with universities to develop a new collaborative robot that would provide its partners with a one-stop industrial robotic solution.

This pre-Series A financing round was from a group of investors, including Runsheng Investment. The capital will be used to mass-produce its robots and build more construction to facilitate that mass-production. Additionally, it will invest more in research and developing new products.

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