- 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, was not disclosed.
- By linking with small and medium sized banks in China, 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.
In brief: Tencent and JD invest in auto financing startup, Linkfin Technology
Tech Edition has partnerships that involve sponsored content. While this financial support helps us with daily operations, it doesn't affect the integrity of our reviews. We remain committed to delivering honest and insightful content to our readers.
here and catch all the latest tech news!
Tech Edition is now on Telegram! Join our channel