China’s Maycur Technology Secures Over USD15.4 Million in Latest Financing
Xu Wei
DATE:  Feb 19 2021
/ SOURCE:  Yicai
China’s Maycur Technology Secures Over USD15.4 Million in Latest Financing China’s Maycur Technology Secures Over USD15.4 Million in Latest Financing

(Yicai Global) Feb. 19 -- Maycur Technology, a Chinese provider of smart cloud financial solutions, has banked investment of more than CNY100 million (USD15.4 million) in its latest fundraiser, 36Kr reported today.

Vitalbridge and GP Capital invested in the B+ round with the former as lead investor, the report said. This is the second lot of funds the Hangzhou-based company has secured since raising CNY100 million in a B round last August. Vitalbridge took part in both.

Formed in 2015, Maycur has benefited from the growing use of electronic invoices. It initially unveiled an enterprise cost management platform, Maycur Reimbursement, to provide companies with expense reimbursement and control services.

The firm released a new product in 2019 to help clients build e-accounting archive systems. It now has over 2,000 corporate clients, including leading domestic firms such as Didi Chuxing, Ctrip Corporate Travel and China Merchants Bank.

Editor: Tom Litting

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Keywords:   Hangzhou Maycur Technology