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China : FOSUN and SEQUOIA supports mobile financing tool FEIDEE

September 4, 2014

Feidee's official Weibo account declared that Feidee, Shenzhen-based personal finance mobile platform, has obtained tens of millions U.S. dollars series B financing led by Fosun International.

Sequoia Capital, which is an existing investor, even took part in the round. For improving data and network traffic, the proceeds will be used to deliver accurate financial information and lending flow information. In 2012, the company earlier obtained US$15 million series A financing from Sequoia Capital.

Feidee's founder and CEO, Gu Feng, stated The growth of personal wealth as well as personal financial products has been increasing dramatically in recent years, and this drives the need for personal financing apps and related products.

Feidee, established in 2010, delivers personal finance and accounting mobile app to over three million daily active users.

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Source: TendersInfo (India)

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