Beijing-based fiscal technology start-up iTouzi has upraised $36 million US (RMB250
million) in a series B finance round from a Chinese firm Sino Fortune and a single
shareholder, the company declared over its website.
Sino Fortune is an investment allotment company with control of two listed Chinese
companies, Shanghai-listed Tianjin Quanyechang (Group) Co., Ltd. and Shenzhen-
listed Cultural Media Co., Ltd. & Hunan Tianrun Digital Entertainment.
Sun Jiexiao, the solo financier is who controls Shenzhen-listed Suzhou Chunxing
Precision Mechanical Co., Ltd.
Originated in 2013, Beijing-based iTouzi formerly raised up US$10 million in a series A
round from Delta Capital in 2015, one of development equity investment firm of China.
Unlike from other P2P (peer-2-peer) offering start-ups, iTouzi concentrations on
provided that stock raising and assurance services to small and medium enterprises, in
what it calls P2C (peer-2-corporation) business model.
The company privileges to have smoothed transactions computation RMB 21.6 billion
Established in 2010, Delta Capital accomplishes five RMB funds and one U.S. dollar
fund. This includes RMB 3 billion total assets under management.