# Newbanker

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

- Industry: Software
- Headquarters: Beijing, China
- Website: www.newbanker.cn
- Latest round: Series C (Apr 19, 2024)
- Investors on record: 4

## About

Based in Beijing, China, and established in 2016, Newbanker is an information technology company that provides wealth management digital products and solutions for financial institutions. The company's CEO is Qinghao Li, who has a Project Management Professional certification from the Project Management Institute. As of August 2022, the company raised five rounds of funding, and shareholders include Matrix Partners China, Genesis Capital, and Atlas Shanghai. In April 2024, the firm closed a series C+ funding. 

The company developed digital financial products for the wealth management business. Main products include smart marketing, smart asset allocation, smart operation, and smart management. Smart asset allocation varies for different clients, based on their needs for wealth management, and the economic environment. And smart asset allocation supports multiple wealth management sceneries, such as next-generation education plans, retirement plans, and fundamental security plans. Besides, the company provides comprehensive services, such as strategic research, industry information, and investor education for the wealth management industry and institutions.

The company’s revenue is generated by providing wealth management digital solutions.

The company will use the series C+ funding for the implementation of the regional development strategy.

## Funding rounds

- Series C, Apr 19, 2024 — GP Capital, XJSCI
- Series C, Aug 24, 2022 — China International Capital Corporation
- Series B, Nov 8, 2021 — MindWorks Capital

## Investors

- MindWorks Capital (https://capitalatlas.ai/funds/mindworks-capital) — Series B
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series C
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series C
- XJSCI — Series C