Credit life was founded by Shi Mingqiang in early 2018. The core founding members have worked in well-known commercial banks and top financial technology enterprises at home and abroad for many years. The company focuses on providing whole process technology enabling services for regional banking retail business. Less than three years after its establishment, credit life has served more than 20 regional small and medium-sized banks, and has been recognized by regional head customers such as urban commercial banks and rural credit cooperatives. While providing services, the company has gradually established a decision-making scientific analysis system and operation system for customers, and trained data mining and strategic analysis talents for them, and continued to help bank customers improve their data-based self-management ability.
This round a financing is the fourth round of financing (excluding seed round) completed less than 3 years after the establishment of credit life. After completing ten million level Angel round financing in 2018, credit life completed pre-A round and pre-A + round financing in November 2019 and March 2020 respectively, and glacier network, a listed company of high capital and A-share, invested tens of millions of yuan to participate in the financing. Under the background of capital cold winter, the continuous completion of multiple rounds of financing itself shows the comprehensive strength and investment value of this financial technology company.
It is worth noting that Qingsong fund and Lenovo star, which participated in the credit life round a financing, have strong strength and enjoy a high reputation in the capital market. Qingsong fund, which led the investment, was an early investor of Tencent.
Founded in 2012, Qingsong fund is an early venture capital institution focusing on culture and education, large consumption, innovative technology and application. Liu Xiaosong, the founding partner of Qingsong fund, was an early angel investor of Tencent. In 1999, he invested in Tencent, with an investment return of tens of thousands of times. In 2015, Qingsong fund hatched Yingke live, and was listed in Hong Kong stock market in 2018. At present, Qingsong fund manages four RMB funds with a total value of about RMB 2 billion. So far, it has invested in more than 170 companies, including leader education, wedding ceremony, squirrel AI, onion academy and other star projects. The 50% project exit rate of return is more than 50 times, and the valuation times of several projects have increased nearly 200 times.
In addition, as an early stage investment and incubation sector of Lenovo holdings, Lenovo star was established in 2008, rooted in Lenovos entrepreneurial experience and resource accumulation over the past 30 years, providing entrepreneurs with the characteristic services of early investment and deep incubation, aiming to be a super angel around entrepreneurs. Lenovo star manages five early-stage investment funds with a total amount of more than 2.5 billion yuan. It mainly invests in the three major fields of cutting-edge science and technology, TMT and medical and health, and actively arranges intelligent machines, Internet transformation of traditional industries, biotechnology, medical devices and other frontier fields. Today, Lenovo star has invested in more than 300 projects, including some classic cases such as amusing games, Kuangshi, sibuchi, burning stone medicine, etc.
Jingxi capital, another investment institution involved in credit life round a financing, was established in 2015, focusing on investment management, investment consulting, entrepreneurship support and other fields, mainly investing in information technology industry, including big data, cloud computing, IDC, information security, artificial intelligence and other subdivision fields. Jingxi capital is committed to promoting the development and upgrading of the industry in the investment field, reducing the investment risk of the fund, focusing on the industry and cultivating potential companies in the industry. It can be predicted that as more and more regional commercial banks transform to develop retail business, leading financial technology companies like credit life may usher in better development opportunities. The completion of round a financing will further consolidate the companys comprehensive advantages in talent, technology and market development, and help Chinas regional commercial banks realize digital transformation through transformation of retail financial business and enter a new stage of rapid growth. Source: editor in charge of mass news: Chen Tiqiang_ NB6485
Jingxi capital, another investment institution involved in credit life round a financing, was established in 2015, focusing on investment management, investment consulting, entrepreneurship support and other fields, mainly investing in information technology industry, including big data, cloud computing, IDC, information security, artificial intelligence and other subdivision fields. Jingxi capital is committed to promoting the development and upgrading of the industry in the investment field, reducing the investment risk of the fund, focusing on the industry and cultivating potential companies in the industry.