Chinese fintech player WISECO raises $94m in Series A round

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WISECO Technology, a Bejing-based enterprise services company, has raised RMB650 million ($94 million) in a Series A round led by Huading Capital and Sino Ocean Group, according to an announcement.

China Growth Capital, Green Pine Capital and Boya Capital also participated in the round.

The company will use the funds to further develop its technology and products and for talent acquisition.

Last year, the company raised a RMB100 million pre-Series A round from Huagai Capital, Boya Capital, among others.

Founded in 2014, WISECO Technology provides big data integration professional services.

To date, WISECO Technology has raised a total of $108.7 million in funding over two rounds, according to Crunchbase.

Sino Ocean Group Holding Limited, an investment holding company, engages in the property investment and development activities in the People’s Republic of China.

The company develops mid to high-end residential properties, invests in offices, retail space, and shopping malls.