<p>The start-up began as a program within the Microsoft Ventures Accelerator led by Zhou Hao, a statistician who formerly worked at Morgan Stanley, Capital One and Barclays. QuantGroup went on to raise an undisclosed series A funding round from Fosun Kinzon Capital, Banyan Capital and China Grow Capital. It raised a series B round from Zhixin Capital, Star VC, Oriental Fortune Capital and others, according to its website.</p>