Wecash

Company

Investment-firm

Last deal

$61M

Amount

Corporate Round

Stage

05.03.2018

Date

5

all rounds

$327.5M

Total amount

General

About Company
Wecash is a China-based fintech unicorn providing quick credit assessments.

Related to

Abakus Group

Abakus Group

Abakus Group is a technology-driven company that provides smart, digital, and cutting-edge solutions and services.

Sector

General Industrials

Subsector

Diversified Industrials

Keywords

Artificial Intelligence, Information Technology, Software

Location

Hangzhou, Zhejiang, China

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Also Known As

北京闪银奇异科技有限公司, 闪银奇异, Shanyin Qiyi

founded date

01.10.2013

Number of employees

Company Type

For Profit

Last funding type

Corporate Round

IPO status

Private

Description

Founded in 2013, Wecash has served over 160 million users globally and raised nearly US$300 million in equity financing. The company offers a digital banking, spending, and saving experience in Europe, Brazil, and Southeast Asia. By using machine-learning algorithms, Wecash analyzes customer data to provide extensive credit assessments and build predictive models for credit risk. Their platform is able to deliver credit evaluations in less than 15 minutes, helping technology companies make informed decisions about credit.
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