The Union Mobile-backed loan services and technology provider has raised money that will support hiring and research and development.
100Credit, a China-based lending services provider that counts payment services firm Union Mobile Financial Technology as an investor, has secured RMB1bn ($159m) in series C funding, China Money Network reported today.
The round was led by China Reform Fund Management, a private equity firm sponsored by investment holding company China Reform Holdings, and also featured venture capital firm Sequoia Capital China according to 100Credit’s WeChat account.
Founded in 2014, 100Credit provides technology and services that help its users manage all…
