CITIC Capital Leads $14M Investment In Samoyed Financial

CITIC Capital has led an over RMB100 million (US$14 million) series B round investment in Samoyed Financial, a Shenzhen-based Fintech company, which brings the company's total fundraising to date to RMB200 million (US$28 million).

Yonghua Capital, an investment firm under Yongjin Group, also participated.

"Recently, many financial platforms in China haven't met online risk control requirements," said Zhang Miao, manager at CITIC Capital. "But Samoyed Financial has developed a strict risk control system using big data technology and has grown substantially."

Founded in 2015, Samo...

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