# XSFinance

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

- Industry: Financial Services
- Headquarters: Shanghai, China
- Website: http://www.seepln.com
- Total disclosed funding: $15M
- Latest round: Series B (Mar 24, 2021)
- Investors on record: 6

## About

Founded in 2016 and headquartered in Shanghai, China, XSFinance delivers integrated financial and operational data solutions designed to enhance efficiency and compliance for medium to large enterprises.XSFinance specializes in providing financial and operational data solutions for enterprises. Founded by Hao Yang, who has significant expertise in the financial technology sector, the company has made strides in its strategy, culminating in a Series B funding round in November 2021 where they raised CNY 100.000 mn from investors including Eastern Bell Capital, Ivy Capital, and others. XSFinance has completed four deals total, with operations extending from its base in Shanghai, China.XSFinance offers three core products: comprehensive budgeting, consolidated financial reporting, and management reporting analytics, aimed at enhancing operational efficiency for over 400 clients across various sectors such as manufacturing, retail, finance, and real estate. With a strong presence in China, the company utilizes a proprietary digital platform that emphasizes a technology framework characterized as "domestic, independent, and controllable."The revenue model of XSFinance is subscription-based, focusing on business-to-business transactions with clients through structured agreements. Revenue is generated primarily from their flagship products, which are priced based on the scale and complexity of implementation and usage, ensuring a steady income stream across diverse industries.XSFinance plans to utilize funding from its recent Series B round in November 2021 to bolster technology R&D. The company is targeting new product developments aimed at enhancing its existing solutions, with specific timelines yet to be disclosed. Furthermore, XSFinance intends to expand into international markets, although specific regions have not been identified. The recent investment will support these growth initiatives.

## Funding rounds

- Series B, Mar 24, 2021, $15M — Eastern Bell Capital, Ivy Capital, Vision Plus Capital, MPC, Gongqing Huadao Venture Capital
- Series A, Nov 2, 2020 — Ivy Capital, Vision Plus Capital, Gongqing Huadao Venture Capital
- Angel, Feb 21, 2020 — Ivy Capital, ShangHai eRoad Software CO.,LTD

## Investors

- Ivy Capital (https://capitalatlas.ai/funds/ivy-capital) — Angel, Series A, Series B
- ShangHai eRoad Software CO.,LTD — Angel
- Vision Plus Capital (https://capitalatlas.ai/funds/vision-plus-capital) — Series A, Series B
- Gongqing Huadao Venture Capital (https://capitalatlas.ai/funds/gongqing-huadao-venture-capital) — Series A, Series B
- Eastern Bell Capital — Series B
- MPC — Series B