Memect Receives Over CNY 10 Mn from Series A+

On December 21, 2020, Memect receives Over 10 million from its series A+ financing activity, which attracts a bunch of strategy institution investors such as Venture Capital Guiding Fund of Hefei and Grains Valley Venture Capital. Zhijin Capital takes the role of the primary financial adviser. According to the company, the fund is planned to support the company's research and development of fintech products. Meanwhile, the company will use the fund to develop its data security and privacy protection business.

 Founded in 2015, Memect has been focusing on helping financial institutions improve their work efficiency using core technologies such as Natural Language Processing (NLP) and Knowledge Graph (KG). Owing to the technologies, the company is capable of providing solutions in deferent scenarios such as different scenarios such as intelligent approval, intelligent compliance, credit management, and risk control.

 Nowadays, the financial sector is facing the turning point of automatic upgrading. The opening front office and AI middle office are two main directions. Considering such a market environment, the company is likely to have adequate space for its further growth.