29 April 2017
visit nextgenbanking.co.uk

Chinese fintech fund makes US startup investments

17 March 2017  |  6384 views  |  0 Chinese flag

CreditEase, a $1 billion fintech investment fund operating out of China, has announced a series of investments in US-based financial technology startups.

The fund, founded in December 2015 by former Donaldson, Lufkin & Jenrette investment banker Ning Tang, has participated in a series C financing round in US electronic bond trading platform Trumid, and a series B round in capital markets corporate access firm, WeConvene. It has also joined a seed round in US-based P2P insurance outfit WorldCover.

An offshoot of the CreditEase marketplace lending platform, the fund has so far made a total of eight investments since its launch, including the new financing rounds announced today. Other portfolio investments include Blockchain-based payments firm Circle, Tradeshift and car finacing startup DYCD.com

Anju Patwardhan, senior partner of CEFIF, says: “We believe the Chinese fintech market will continue to grow in 2017 and beyond, as many 3-5 year-old companies have grown into large-scale operations. We expect many of these to mature into high-quality, mid-to-late stage companies. Similarly, we anticipate a slew of promising early and mid-stage growth companies in the US market, due to the improving climate for investment, as well as the more sustainable development of fintech sector.”
KeywordsFINDEX

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

China's fintech dragons roar

China's fintech dragons roar

26 January 2017  |  7350 views  |  0 comments | 14 tweets | 9 linkedin
China launches $1.5bn fintech fund

China launches $1.5bn fintech fund

03 January 2017  |  30258 views  |  0 comments | 87 tweets | 55 linkedin
China tops world fintech rankings

China tops world fintech rankings

05 December 2016  |  12813 views  |  0 comments | 42 tweets | 33 linkedin
China emerges as fintech powerhouse as UK dominance weakens

China emerges as fintech powerhouse as UK dominance weakens

25 October 2016  |  11274 views  |  0 comments | 35 tweets | 30 linkedin
China drives soaring Asia Pacific fintech financing

China drives soaring Asia Pacific fintech financing

25 August 2016  |  4628 views  |  0 comments | 2 tweets | 5 linkedin
Circle comes to China on back of $60 million funding round

Circle comes to China on back of $60 million funding round

23 June 2016  |  5385 views  |  0 comments | 5 tweets | 1 linkedin

Related blogs

Create a blog about this story (membership required)
Visit capgemini.comvisit dh.comFind out more

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7835 views comments | 16 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7041 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6155 views comments | 22 tweets | 21 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
6097 views comments | 24 tweets | 14 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5970 views comments | 20 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job