Wecash Raises US$160 Million Series D Round (Asia)

Source(s): Wecash Technology

China-based online credit assessment and reporting company Wecash Technology has raised a US$160 million Series D funding round led by corporate venture capital firm ORIX Asia Capital and SEA Group. Susquehanna International Group (SIG), Sagamore Investments, Forebright Capital, Lingfeng Capital and Hongdao Capital also participated in the round. Wecash plans to use the funds to expand its lifestyle service portfolio to include residential rentals, consumer goods and aesthetic surgery and to widen the application of its artificial intelligence capabilities in data mining, machine learning and smart chips.