What is Wecash?
Founded in Beijing in 2013, Wecash operates as a tech-driven entity focused on developing a comprehensive credit assessment solutions system for global financial institutions. Leveraging its core strengths in big data, machine learning, and artificial intelligence, Wecash serves diverse industries including 3C electronics, home rental, and aesthetic medicine. The company aims to be a global technology leader, having already provided online credit assessment solutions to over 50 financial institution partners and amassing more than 100 million users. Wecash has also expanded its operations internationally, establishing a presence in Brazil and Indonesia.
How much funding has Wecash raised?
Wecash has raised a total of $60M across 1 funding round:
Other Financing Round
$60M
Other Financing Round (2018): $60M with participation from ORIX Corporation
Key Investors in Wecash
ORIX Corporation
ORIX Corporation, a diversified financial services group founded in 1964, provides a wide array of services including financing, investment, and asset management. Their involvement suggests a strategic alignment with Wecash's mission to enhance financial access through technology.
What's next for Wecash?
The enterprise-level funding Wecash has attracted, particularly the recent major strategic investment, indicates a phase of significant scaling and market expansion. This capital infusion is likely to fuel further development of its AI-driven credit assessment technologies, enhance its global reach, and solidify its partnerships with financial institutions. Wecash's strategic focus on leveraging big data and machine learning positions it to capitalize on the growing demand for sophisticated credit solutions across various industries.
See full Wecash company page
