(Yicai Global) Sept. 22 -- Shanghai E-neway Investment Management Co., China’s first company that focuses on providing financial services for the logistics industry, said that it closed a USD9.23 million (CNY60 million) A-round financing from investors led by Banyan Capital, Tech.163.com reported.
The company will use its funds to improve the technical service platform, expand its business and build its team, said its founder Liu Haiyan.
E-neway mainly provides financial services for finance leasing and small, medium-sized and micro logistics companies. As a financial service provider for the logistics industry, it focuses on offering fast, flexible and convenient working capital and vehicle financing and leasing services to logistics practitioners.
It secures customers offline and provides services online, ensuring the efficiency of its offline capabilities and online platform. It mainly operates in coastal areas of China.
Since its foundation two years ago, it helped financial institutions to grant loans totaling USD415 million (CNY2.7 billion), including more than 22,000 loans for the purchase of trucks by individuals and supply chain finance. It served nearly 1,000 small and micro logistics companies.