# Quanmin Financial Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quanmin-financial-services

- Industry: Financial Services
- Headquarters: Beijing, China
- Latest round: Angel (Apr 25, 2017)
- Investors on record: 1

## About

Founded in 2016 and based in Beijing, China, Quanmin Financial Services was established to meet the growing demand for integrated payment solutions within the rapidly evolving mobile app ecosystem. Leveraging partnerships and encryption-enabled app resources from other companies, the firm has created an infrastructure that allows banks to embed payment functions into everyday mobile use cases. Over time, it expanded into consumer financial data analysis and scenario-based financial services for banks. The company’s core service revolves around integrating banks’ payment systems into multiple third-party mobile applications, allowing end-users to make payments seamlessly in a wide range of scenarios. By building consumption ecosystems and leveraging consumer big data, Quanmin Financial Services enables banks to better tailor financial products, including installment financing, personal loans, and other digital banking services. The company generated revenue from service fees charged to banks for payment integration, transaction-based commissions, and data-driven financial product partnerships. The company also benefits from value-added services related to lending facilitation and installment payment solutions. In April 2017, Quanmin Financial Services closed Angel funding from new investor QF Capital and other unspecified investors. In July 2022, Quanmin Financial Services discontinued its operations.

## Funding rounds

- Angel, Apr 25, 2017 — QF Capital

## Investors

- QF Capital (https://capitalatlas.ai/funds/qf-capital) — Angel