The popular financial technology company plans to use the funding to support further research and refine its business system.
In July this year, Quantex announced that it had raised more than CNY 100 million in a Series B led by Shanghai Hyron Software and followed by TopoScend Capital. Before the Series B Quantex received investment from several popular professional investment institutions such as CMB International Capital and Lingfeng Capital. Quantex indicated that it will continue to increase investment in financial technology research and refine its advantages in technology and products. At the same time, the company also plans to build a more complete business system.
Founded in 2014, Quantex is a financial technology company founded by many financial business experts and technical experts. The core product of Quantex is Avatar, an investment research integrated asset management platform, which is the first innovative asset management platform built with microservice architecture in the industry. The software meets the needs of customized applications and agile delivery. In June 2021, Quantex and Huawei Cloud jointly launched the Turing Risk Pricing Cloud Platform, which can improve the pricing ability of financial institutions for complex derivatives and monitoring the ability of risk exposure.
The overall scale of China's asset management market is more than CNY 100 trillion in 2020; this is the second-largest asset management market globally. It is estimated that, by 2025, China's asset management scale will reach 200 trillion. For such a large market scale, with the intensification of competition, we believe Quantex can occupy a larger market by virtue of its technical advantages.