Legend returns to Bangsun in series C round

Jun 4, 2019 • Jack Hammond

The anti-fraud technology provider has received $50.7m in a round led by VMS Investment Group that was also backed by existing investor Legend Capital.

Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, took part in a RMB350m ($50.7m) series C round for China-based financial risk management software developer Bangsun Technology yesterday.

Private equity firm VMS Investment Group led the round, which also featured Chinese state-owned investment holding firm State Development & Investment Corporation (SDIC).

Founded in 2010 and fully known as Hangzhou Bangsun Financial Information Technology, Bangsun provides anti-fraud products including device fingerprint, intellectual property recognition and risk control systems to…

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