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In brief: Tencent and JD invest in auto financing startup, Linkfin Technology

Shanghai-headquartered fintech startup, Linkfin Technology, has closed a US$50 million Series B equity financing round. This round was jointly led by JD Digits and Tencent. Bertelsmann Asia Investments, which was the investor for the company's Series A round, also participated in this round. The current valuation of the startup, which was founded in June 2017, […]
  • Shanghai-headquartered fintech startup, Linkfin Technology, has closed a US$50 million Series B equity financing round.
  • This round was jointly led by JD Digits and . Bertelsmann Asia Investments, which was the investor for the company's Series A round, also participated in this round.
  • The current valuation of the startup, which was founded in June 2017, was not disclosed.
  • By linking with small and medium sized banks in , Linkfin Technology provides auto-backed loans to micro and small businesses and individuals who are in need of cash.
  • JD Finance, an app of JD Digits, has been directing its users to Linkfin, according to Chinese media outlet, The Beijing News.

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Nurin Sofia
Nurin Sofia
Nurin Sofia is a news editor at Tech Edition. Her interest is in technology and startups, occasionally crunching news for gaming. Sofia enjoys playing video games, going on bike rides, and gardening when she isn't behind a keyboard.

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