Delta Capital-Backed iTouzi Raises $36M In Series B Round

Beijing-based financial technology start-up iTouzi has raised RMB250 million (US$36 million) in a series B funding round from a Chinese company Sino Fortune and an individual investor, the company announced on its website.

Sino Fortune is an investment holding company with control of two listed Chinese firms, Shenzhen-listed Hunan Tianrun Digital Entertainment & Cultural Media Co., Ltd. and Shanghai-listed Tianjin Quanyechang (Group) Co., Ltd.

The individual investor is Sun Jiexiao, who controls Shenzhen-listed Suzhou Chunxing Precision Mechanical Co., Ltd.

Founded in 2013, Beijing-based iTouzi previously raised US$10 million in a series A round in 2015 from Delta Capital, a growth equity investment firm in China.

Different from other P2P (peer-to-peer) lending start-ups, iTouzi focuses on providing fundraising and guaran...

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