(Yicai Global) Oct. 26 -- Financial technology company Zonghengxinchuang, which serves small and micro-enterprises, has received tens of millions of yuan in Pre-A Financing with state-owned fund Jintouhuiying involved, as Internet media Hunting Cloud Network reported.

Zonghengxinchuang supplies credit data assessment services for small and micro-individual businesses.

It creates credit profile of these companies and connects them to funding and assets by applying Big Data on the internet to finance, relying on industry and commercial credit reports, personal credit reports and other data.Firm founder Chen Chengzhuang hopes that, at a later stage of development, Zonghengxinchuang can take a "lighter" route and provide credit evaluation reports for small and micro enterprises.

Zonghengxinchuang will still provide credit and financial services to small and micro enterprises to collect service fees, he added.Credit assessment services need to "form a moat" by deepening technologies and data precipitation and need time to accumulate credibility. "This is the plan after the B-round," he said. Zonghengxinchuang's new credit facility will become an entity similar to Zhima Credit, while the difference being that Zhima Credit provides credit scores of C-end users whereas Zonghengxinchuang will present the credit evaluation of B-side small and micro companies.