# Hicore Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hicore-tech

- Industry: Financial Services
- Headquarters: Shanghai, China
- Website: www.hicore.com
- Latest round: Series A (Mar 28, 2017)
- Investors on record: 1

## About

Hicore Tech develops advanced anti-fraud solutions integrating cutting-edge technology and scientific research to combat fraud across various sectors.Founded in 2012 in Shanghai, China, Hicore Tech specializes in anti-fraud solutions. The company has executed a total of 5 deals since its inception, with the most recent investment occurring on December 29, 2017. Kai Zhou serves as both the Founder and CEO of the company.Hicore Tech specializes in anti-fraud solutions that integrate advanced scientific research and technology to combat fraudulent activities across various sectors. The company's primary offerings include a comprehensive ecosystem designed to detect and prevent fraud through innovative technologies, including machine learning algorithms and data analytics. Their solutions cater to a diverse client base, spanning financial institutions, e-commerce platforms, and corporate enterprises, all requiring robust protection against fraudulent transactions. Hicore Tech emphasizes cooperation in research and technology development to enhance product effectiveness and adaptability to varying regulatory environments.The revenue structure of Hicore Tech is centered around service agreements and partnerships, with clients engaging in ongoing contracts for anti-fraud services. The company operates on a B2B model, collaborating directly with corporate clients to implement technological solutions. Clients, such as financial institutions, may subscribe to a suite of services that include real-time monitoring and risk assessment tools, generating a continuous revenue stream for the firm. This partnership model typically involves annual or multi-year contracts, supplemented by tailored consulting and ongoing support, contributing to the firm's financial health through established pricing plans reflective of their solutions' value.Hicore Tech has plans to release new anti-fraud products by early 2024, aimed at enhancing their existing technology. The company is also targeting expansion into Southeast Asian markets, particularly Malaysia and Singapore, with anticipated entry by the end of 2024. The funds raised during the Series B round in December 2017 from CredEx Fintech will be allocated to support these product developments and market expansions.

## Funding rounds

- Series A, Mar 28, 2017 — Xiamen Torch Group Venture Capital

## Investors

- Xiamen Torch Group Venture Capital (https://capitalatlas.ai/funds/xiamen-torch-group-venture-capital) — Series A