China Creation Ventures, a newly founded venture firm established by several former KPCB executives, has led a RMB110 million (US$16 million) series A round in IceKredit Inc., a Shanghai-based credit assessment service provider catering to small and medium-sized enterprises (SMEs).
Dr. Gu Lingyun, founder and CEO of IceKredit, said the financing round was completed at the end of last year. Lingfeng Capital, a Beijing-based fin-tech focused private equity investment firm, also participated in the round.
Founded in 2015, IceKredit applies machine learning algorithms and big data related technologies to make all-rounded credit evaluations for individuals and SMEs in China.
Its products include an SMEs credit evaluation system and an individual credit assessment system, which consists of an anti-fraud engine, personal credit portrait and ...
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