Meix Technology Raised CNY 100 Mn from Guoxin Investment in Series B+

Financials Author: Fuller Wang Jul 22, 2021 06:10 PM (GMT+8)

The financial SaaS services provider mainly provides services for financial institutions under the supervision of the CSRC and CBIRC.

Money / Finance

In July 2021, Meix Technology announced the completion of Series B+ financing and raised nearly CNY 100 million. This round of financing was invested by Guoxin Investment solely, a state-owned venture capital institution. According to the company, the current round of financing funds will be mainly used for products research and improving user stickiness.

Established in 2015, Meix Technology mainly provides SaaS system services for licensed financial institutions under the supervision of the China Securities Regulatory Commission (CSRC) and China Banking and Insurance Regulatory Commission (CBIRC). The functional modules developed by the company includes operation management, online direct selling, wealth management, compliance management and report management. The company offers two brands – Yisimu and Meix.

According to the CSRC, by the end of June 2021 there were 24,400 private fund management institutions in China, with a management scale of CNY 17.89 trillion. The financial industry is an industry with massive regulations. Helping financial institutions achieve compliance has always been the focus of Meix Technology. We believe that the company will have more development space in the future.