# Shenzhen Bank Nationwide Financial Services

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-bank-nationwide-financial-services

- Industry: Financial Services
- Headquarters: Beijing, China
- Website: www.yinchengku.com
- Total disclosed funding: $56M
- Latest round: Series B (Jul 6, 2018)
- Investors on record: 5

## About

Shenzhen Bank Nationwide Financial Services Inc. is a financial services company specializing in domain transaction services and CDN solutions. It focuses on providing secure and efficient domain transactions to businesses and digital entrepreneurs across various markets.Founded in 2013, Shenzhen Bank Nationwide Financial Services Inc. operates primarily from its headquarters in Beijing, China. The company is involved in the domain and digital services sector, facilitating domain transactions for individual businesses and digital entrepreneurs. It has engaged in four deals, with the latest being a Series B funding round that raised CNY 265 million on July 6, 2018, led by IDG Capital.Yinchengku.com primarily offers domain transaction services complemented by CDN (Content Delivery Network) acceleration solutions provided by Cashback INC. The core service focuses on facilitating secure domain transactions, catering to customers seeking to buy or sell domain names efficiently. End users include individual businesses and digital entrepreneurs needing reliable domain acquisition services to enhance their online presence, with CDN services optimizing website performance across various sectors.Revenue for Yinchengku.com is generated primarily through transaction fees associated with domain sales and potential subscription models for ongoing CDN services. The transaction structure involves direct agreements where buyers pay an agreed-upon price for domain names. Partnerships with web hosting companies may also allow for bundled offerings, enhancing service accessibility to varying customer needs, from individual buyers to larger enterprises.Shenzhen Bank Nationwide Financial Services Inc. plans to leverage its recent Series B funding of CNY 265 million, raised in July 2018, to expand its service offerings and improve infrastructure. The company is focusing on developing new products within the domain transaction space and enhancing its CDN solutions. Additionally, there are plans to target expansion into North America and Europe by the end of 2023, aiming to capitalize on the growing demand for digital services in these markets.

## Funding rounds

- Series B, Jul 6, 2018, $40M — IDG Capital
- Series B, Jun 23, 2015, $16M — IDG Capital, China Growth Capital, Ex-Military Capital
- Series A, Dec 3, 2014 — IDG Capital, Empower Investment
- Angel, Aug 27, 2014 — Linear Capital

## Investors

- Linear Capital (https://capitalatlas.ai/funds/linear-capital) — Angel
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B
- Empower Investment (https://capitalatlas.ai/funds/empower-investment) — Series A
- China Growth Capital (https://capitalatlas.ai/funds/china-growth-capital) — Series B
- Ex-Military Capital (https://capitalatlas.ai/funds/ex-military-capital) — Series B