Personal bookkeeping app Suishouji receives USD 200M for Series C
Founded in: 2010
Financing status: RMB 1.3 billion (USD 200 million) for Series C financing in 2017
Personal bookkeeping app, Suishouji, received USD 200 million for Series C on September 25 to update its product experience.
Suishouji is a personal bookkeeping app that provides users with bookkeeping tools and services to help them manage their financial status. Users can set budgets and then use Suishouji’s app to keep accounts. Users can use Suishouji’s template to note their expenditure, or directly make notes on it. Additionally, Suishouji reminds users to control unnecessary expenditure according to the budgets they set. This note-taking personal bookkeeping solution provides complete and visual dynamic reports to help users know where their spending goes.
Founded in 2010 in Shenzhen, the app has captured 70% of the personal bookkeeping industry and amassed over 300 million users, according to the company. Besides providing users with bookkeeping tools, it also offers personal wealth management and financial services, including loans, credit card applications, personal insurance and securities, and more.
This new financing round was from an undisclosed group of investors. Suishouji has existing investors, including Sequoia Capital, Fosun RZ Capital, and Source Code Capital, among others. The capital will be used to upgrade Suishouji’s user experience, as well as start an IPO in 2019.
Auto parts e-commerce platform AutoCloudPro received USD 9M for Series B
Founder: Hao Dingwen
Founded in: 2016
Financing status: RMB 60 million (USD 9 million) for Series B financing in 2017
Auto parts e-commerce platform AutoCloudPro received USD 9 million for Series B on September 25 to launch 100 offline shops in China by the end of 2018.
AutoCloudPro is an auto parts e-commerce platform that offers smart cloud platforms for the sales and distribution of auto parts. AutocloudPro was originally a vehicle damage assessment platform, and later developed into a business-to-business (B2B) auto parts, big data, and supply chain platform, which lets car repair businesses search and purchase auto parts. Users can also quote auto part prices on its platform.
Founded in 2016 in Shanghai, the company has formed partnerships with over 500 auto parts manufacturers and first level agents, covering more than 150,000 types of vehicles. Additionally, AutoCloudPro operates offline shops to complement its online services. Currently, it has two physical stores in Beijing and Shanghai, and eight storage centers in Guangzhou, Chengdu, Chongqing, Jinan, and Kunming. Meanwhile, it aims to build 100 offline shops by the end of 2018.
This Series B financing round was from Star VC, a venture capital firm founded by a group of Chinese film stars, including Quan Ren, Li Bingbing, and Huang Xiaoming. AutoCloudPro plans to use the funds to build more offline shops, as well as integrate big data and other advanced technologies to boost its sale efficiency for a revenue of RMB two billion.
(Top photo from 58pic.com)