Ouyeel's Success in its Completion of Series A Funding Round

Financials Author: Contributor, Sally Shi, Fuller Wang Jul 05, 2022 05:48 PM (GMT+8)

Ouyeel is a successful financial technology platform. Its news of succeeding in the Series A Funding Round marks investors' expectations towards the company's future.

Ouyeel

Ouyeel announced its completion of the Series A funding round on around July 5, 2022. This funding amount for this round is CNY 240 million. Shan Steel Group, China Merchants Leasing Industry Fund, and Linklogis are the top three major strategic shareholders of this company in this funding round.

After this funding round, Ouyeel has become the one with state-owned enterprises with private equity participation and employee shareholding. This is a relatively big step for Ouyeel in recent years. As released by Ouyeel, its employees have covered 30% of its stock. And there has been a tendency that Ouyeel has been changing its core employees to those who are skillful with technological talents. Ouyeel believes that with the transformation of giving stocks to its employees, there would be binding for employees to connect with the company. And these employees will maximize their potential to achieve the long-term success and value of the company, as they have shared the benefits and risks together. 

Ouyeel is a supply chain financial technology platform. Ouyeel is controlled by China Baowu Group and managed by Huabao Investment. Ouyeel provides financial technology and financial services for the industrial ecosystem. Customers, such as individuals or institutions, could seek for digital solutions and one-to-one services from the perspective of finance. The idea of Ouyeel’s business is relatively new. As following the trend of the hottest topic at present – financial technology, Ouyeel has been given high expectations.

Established in February 2015, Ouyeel has grown to a bigger size company in 7 years, with more than CNY 150 billion of annual financial service scale. The company is targeting CNY 200 billion for its next stage. Ouyeel has enhanced innovation and market influence towards its plan of building an industrial ecosystem.