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Access here alternative investment news about Chinese Rural Fintech Firm Shenma Completes $47.3m Series C Round – China Money Network
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Chinese Rural Fintech Firm Shenma Completes $47.3m Series C Round – China Money Network

by chinamoneynetwork.com posted 3months ago 11 views
Shanghai-based Shenma Finance, a fintech company focused on rural mobility, has raised a RMB300 million (US$47.25 million) series C round led by China Growth Capital, Hina Group and Chinese fintech firm Tongbanjie Group. Existing investors Credit Ease Financial Industry Investment Fund and ChinaEquity Group also participated in the round, the firm announced on its official WeChat account. Founded in 2015, Shenma Finance focuses on financing for vehicles, such as motorcycles and two-wheel and three-wheel scooters, for rural consumers. It operates in 31 provinces and regions in China, covering more than 2,600 counties and towns.