Sequoia Capital China backs $159m Series C in fintech startup 100Credit

Photo by Kevin Lee/Bloomberg News

Venture capital firm Sequoia Capital China has backed fintech startup 100Credit‘s Rmb1 billion ($150 million) Series C funding round, which was led by China Reform Fund Management, according to a CMN report.

The new round brings 100Credit’s total fundraising to Rmb1.7 billion ($270 million) to date, the company said.

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