Susquehanna International Group has participated in a round for the insurance comparison platform developer that will support research and development.
China-based online insurance broker Yuanbao raised almost RMB1bn ($156m) on Monday in a series C round featuring quantitative trading firm Susquehanna International Group, DealStreetAsia has reported, citing a WeChat post.
Venture capital firm Source Code Capital led the round, which was also backed by Cathay Capital, Hike Capital, Northern Light Venture Capital and Qiming Venture Partners.
Yuanbao, which officially launched in 2020, has built an online platform which utilises big data and artificial intelligence technology to match users with the…
