Expense management software provider Fenbeitong has closed a series B-plus round co-led by Fidelity's Eight Roads firm, pushing its total funding to more than $58m.
Eight Roads Ventures, the strategic investment arm of financial services and investment group Fidelity, has co-led a $36m series B-plus round for China-based expense management software developer Fenbeitong, China Money Network reported on Tuesday.
Ribbit Capital and Glade Brook Capital also co-led the round, which included online lender CreditEase’s FinTech Investment Fund, BitRock Capital, IDG Capital and China Growth Capital.
Founded in 2016, Fenbeitong has created a software-based corporate expenses management platform where enterprise clients can manage costs charged to…
