China third-party insurance platform Hzins raises $30m
Hzins.com, a Chinese third-party insurance service provider, has raised RMB200 million ($30 million) in a Series B round of funding from domestic GPs including Beijing Wanrong Times Capital and Shenzhen CDF-Capital.
Lakala, an offline third-party payment services provider owned by Legend Holdings, also participated in the round, according to a statement.
Founded in 2006, Hzins is a one-stop, technology-driven insurance service platform. It sells products supplied by more than 70 insurance companies and also provides risk assessment and insurance claims assistance. Hzins claims to have more than 2,000 registered users, comprising individuals and enterprises.
The company raised $10 million from SAIF Partners in 2014, according to AVCJ Research. With the new funding, Hzins plans to improve its existing product offerings, develop big data technology and built out its team.
Founded in 2013, Beijing Wanrong operates across asset management and private equity, with the latter focusing on the culture and sport, financial services, healthcare and technology sectors. Shenzhen CDF-Capital, which has more than RMB3.5 billion in assets, targets new materials, cleantech, technology and healthcare.
More on Greater China
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.