# Fangfintech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fangfintech

- Industry: Software
- Headquarters: Beijing, China
- Website: www.wecorptech.com
- Total disclosed funding: $1.8M
- Latest round: Angel (Jun 20, 2017)
- Investors on record: 2

## About

Fangfintech is a financial technology company that focuses on providing innovative solutions for the fintech sector, enhancing operational efficiency in various financial processes.Founded in 2017 in Beijing, China, Fangfintech specializes in financial technology solutions. The company has not undergone any significant pivots or changes in business strategy. As of June 20, 2017, Fangfintech successfully raised CNY 12 million in an Angel funding round from investors including Fang Fund Partners and ZhenFund. This amount represents the total amount raised by the firm to date.Fangfintech offers a range of financial technology solutions designed to optimize financial processes for businesses. Their services cater primarily to the fintech sector, focusing on operational efficiency and enhancing the user experience in financial transactions. The company aims to support a diverse clientele by providing tailored solutions that address specific financial needs.Fangfintech generates its revenue through direct sales of its fintech solutions to business clients within the financial sector. These transactions typically occur in a B2B format, where companies procure technology solutions to enhance their financial operations. The pricing structure may vary based on the complexity of the solutions provided, with potential discounts available for bulk purchases or long-term contracts.Fangfintech is actively working on developing new financial products aimed at streamlining financial transactions and improving user engagement. The company plans to expand its market presence, targeting growth in Southeast Asia and South America by 2025. The recent Angel funding of CNY 12 million will be utilized to support the development of these new products and facilitate the company's expansion into these targeted regions.

## Funding rounds

- Angel, Jun 20, 2017, $1.8M — Fang Fund Partners, ZhenFund

## Investors

- Fang Fund Partners (https://capitalatlas.ai/funds/fang-fund-partners) — Angel
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Angel