# Zhangwang

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

- Industry: Financial Services
- Headquarters: Shanghai, China
- Website: www.cash360.cn
- Total disclosed funding: $9.2M
- Latest round: Series A (Nov 15, 2017)
- Investors on record: 2

## About

Zhangwang specializes in providing comprehensive internal accounting management solutions tailored for small and medium-sized enterprises (SMEs) in China, enhancing financial accuracy and operational efficiency through innovative software.Zhangwang, headquartered in Shanghai, China, offers internal accounting management software designed for SMEs. The company was founded by Mingxing Mou, who has a history of entrepreneurial ventures. In January 2021, Zhangwang successfully raised CNY 30.000 mn in a Series A funding round, fully contributing to a total amount raised of CNY 30.000 mn. Notably, the company has completed 4 deals as of the latest deal date on January 7, 2021, with investors including Wacai and Yinxinggu Capital.Zhangwang's primary offering is its internal accounting management software, BOSS?? (Cash360), which integrates contract management, project oversight, expense reimbursements, payroll, inventory management, and financial reporting. This software automates profit calculations and generates financial reports, aiming to enhance the accuracy of financial records for SME owners across various sectors such as retail, construction, and services.Zhangwang operates on a subscription-based revenue model for its accounting software, allowing businesses to access its features for a recurring fee. Clients typically engage through annual subscriptions, which may vary based on user count and feature access. The software enables real-time monitoring of financial health, primarily serving a B2B environment focused on efficient financial management solutions.Moving forward, Zhangwang plans to enhance its product line by introducing new features designed for SMEs, with specific launch timelines to be announced. The company is also targeting expansion into additional regions within China, aiming to penetrate markets that have shown demand for advanced accounting solutions. The recent Series A funding obtained on January 7, 2021, will support these initiatives, including product development and market expansion efforts.

## Funding rounds

- Series A, Nov 15, 2017, $4.5M — Yinxinggu Capital, Wacai
- Seed, Aug 27, 2015, $4.7M — Yinxinggu Capital

## Investors

- Yinxinggu Capital (https://capitalatlas.ai/funds/yinxinggu-capital) — Seed, Series A
- Wacai — Series A