Ningze Financing Closes Angel Funding to Improve Fintech Systems
Tang Shihua
DATE:  Jan 10 2018
/ SOURCE:  Yicai
Ningze Financing Closes Angel Funding to Improve Fintech Systems Ningze Financing Closes Angel Funding to Improve Fintech Systems

(Yicai Global) Jan. 10 -- Ningze Financing has bagged millions of dollars in its angel funding to build new fintech systems, develop new products and recruit talent.

An unidentified listed company led the round, online news agency 36Kr reported.

Ningze creates fintech systems that connect loan providers and borrowers, and sells these to financial firms and lenders. It hopes to improve these platforms with the funds. The company also offers anti-fraud protection and smart risk control services to ensure security for parties at both ends of transactions.

The firm is in talks with around 10 financial institutions, including banks, trusts and financial leasing companies, which have expressed intent to cooperate, founder Chen Yong said. Several are in the process of integrating their systems with the company.

Ningze is already in partnership with some of China's biggest technology firms, including e-commerce behemoth JD.Com Inc. and leading search provider Baidu Inc. It has also teamed up with rural and city-based commercial banks.

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Keywords:   Finance,Fintech,Consumer Finance,Banking