# Jiangsu Yincheng Network Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jiangsu-yincheng-network-technology-co

- Industry: Financial Services
- Headquarters: Nanjing, China
- Website: www.tcpjw.com
- Total disclosed funding: $98M
- Latest round: Series C (Mar 27, 2021)
- Investors on record: 7

## About

Jiangsu Yincheng Network Technology Co., Ltd. is a Chinese company that operates a digital platform for electronic documentary bills of exchange, primarily serving small and micro enterprises with innovative financing solutions.Founded in 2012 and headquartered in Nanjing, China, Jiangsu Yincheng Network Technology Co., Ltd. focuses on facilitating electronic acceptance bills to assist businesses with their financing needs. The company has successfully completed a total of 3 funding deals, with its latest Series C round on March 27, 2021, raising CNY 500 million from investors including DCM and GL Ventures. Shijin Cao is noted as the founder of the firm.????? (tcpjw.com) operates as a digital platform facilitating electronic documentary bills of exchange, focusing on providing financing solutions for small and micro enterprises. Their core product offerings center around the matching of electronic acceptance bills, alleviating challenges associated with accounts receivable, especially in discounting bills. This platform helps streamline the financing process through electronic bills, allowing quicker access to capital for businesses, particularly small to medium-sized enterprises across various sectors.The revenue model for ????? (tcpjw.com) is structured around transaction fees derived from the electronic bills of exchange facilitated through its platform. Businesses utilize electronic acceptance bills to manage their accounts receivable, incurring a fee for each transaction processed. This B2B model connects small and micro enterprises with financial institutions for financing based on electronic bills, with pricing reflecting transaction volume and service agreements.Jiangsu Yincheng Network Technology Co., Ltd. plans to leverage its recent Series C funding of CNY 500 million to expand its product offerings and enter new markets. The company aims to introduce additional features on its platform tailored to urban businesses by the end of 2023. Additionally, it targets expansion into tier-2 and tier-3 cities across China, enhancing its reach by 2024 to address local business financing needs. The funding will support these initiatives and potentially foster partnerships with financial institutions to further enhance service offerings.

## Funding rounds

- Series C, Mar 27, 2021, $76M — DCM, Huagai Capital, MPC, Yangtze River Capital, Tangzhu Investment Management, GL Ventures
- Series B, Mar 16, 2020, $21M — DCM, Huagai Capital, MPC
- Series A, Aug 9, 2018 — China Lesso Group Holdings Limited, Tangzhu Investment Management

## Investors

- China Lesso Group Holdings Limited — Series A
- Tangzhu Investment Management (https://capitalatlas.ai/funds/tangzhu-investment-management) — Series A, Series C
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series C
- Huagai Capital (https://capitalatlas.ai/funds/huagai-capital) — Series B, Series C
- MPC — Series B, Series C
- Yangtze River Capital (https://capitalatlas.ai/funds/yangtze-river-capital) — Series C
- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series C