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Magnet Finance

company

About

Leader in the field of small and micro business loans and personal business loans in China.

  • 11 - 50

Highlights

Total Funding Amount
¥120M
Funding Rounds
1
Investors
1
Investments
1

Details

Last Funding Type
Series B
Last Funding Money Raised
¥120M
Industries
Financial Services,FinTech,Small and Medium Businesses
Founded date
Sep 1, 2015
Number Of Employee
11 - 50
Operating Status
Active

Magnet Finance is aimed to provide whole-process inclusive financial assets and micro-finance solutions. It employs superb risk management tools and systematic credit technology to help financial institutions and supply chain platforms establish risk solutions in areas including customer acquisition, due diligence, risk evaluation, post loan management, and bad assets recovery.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
¥120M
Magnet Finance has raised a total of ¥120M in funding over 2 rounds. Their latest funding was raised on Oct 24, 2018 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 24, 2018 Series B ¥120M 1 — — Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Magnet Finance has made 1 investments. Their most recent investment was on Jan 1, 2021, when Peggy raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Jan 1, 2021 Peggy
Pre-seed — Apps —

Investors

Number of Lead Investors
Number of Investors
—
1
Magnet Finance is funded by 1 investors. InnoVen Capital are the most recent investors.
Investor Name Lead Investor Funding Round
InnoVen Capital — Series B
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