# Yunjinsuo

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

- Industry: Financial Services
- Headquarters: Guangzhou, China
- Website: www.money56.com
- Total disclosed funding: $1.5M
- Latest round: Angel (Mar 16, 2016)
- Investors on record: 3

## About

Yunjinsuo operates Money56.com, a platform that enhances financial transactions through innovative digital payment solutions and management tools, catering to both consumers and businesses in Southeast Asia.Founded in 2014 in Guangzhou, China, Yunjinsuo focuses on improving financial transactions. The company has engaged in 4 deals, with its latest funding round being an Angel round in which it raised CNY 10.000 mn on April 24, 2018, led by investors including 9C Capital, K2VC, and Weilie Capital. Hao Chen, the founder, has a background in finance and technology, contributing to the company’s strategic direction.Money56.com specializes in providing innovative financial services aimed at improving the efficiency of personal and business transactions. Their core offerings include digital payment solutions, peer-to-peer money transfers, and financial management tools designed to cater to both individual consumers and small to medium-sized enterprises. These products enable users to execute transactions quickly and securely, addressing the need for convenient and reliable financial services in an increasingly digital landscape. The company primarily serves markets in Southeast Asia, including Malaysia and Thailand, targeting tech-savvy consumers and small businesses to enhance financial accessibility with robust digital tools.Money56.com generates revenue through a diversified transaction structure, primarily focusing on a B2C model supplemented by strategic partnerships. The company engages clients through a subscription-based model, allowing users to access premium features and services for a monthly fee. Additionally, revenue is derived from transaction fees charged on money transfers, which provides a clear revenue stream as users engage in peer-to-peer transactions or utilize financial management tools. Specific pricing plans include tiered subscription options that cater to varying user needs.Yunjinsuo aims to expand its offerings with new products designed to enhance user experience, although specific release dates have not been disclosed. The company is targeting further expansion into additional Southeast Asian markets, aiming for completion by the end of 2023. The recent Angel funding round of CNY 10.000 mn will be utilized to support these initiatives, enabling Yunjinsuo to strengthen its market presence and develop new features for its platform.

## Funding rounds

- Angel, Mar 16, 2016, $1.5M — K2VC, Weilie Capital, 9C Capital

## Investors

- K2VC (https://capitalatlas.ai/funds/k2vc) — Angel
- Weilie Capital (https://capitalatlas.ai/funds/weilie-capital) — Angel
- 9C Capital (https://capitalatlas.ai/funds/9c-capital) — Angel