CreditEase FinTech Investment Fund backs US startups

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China-based CreditEase FinTech Investment Fund (CEFIF) has announced a series of undisclosed investments in US FinTechs. It has played a part in a Series C financing round in Trumid, an electronic trading platform for the bond market, a Series B financing round in WeConvene, an online corporate access management ERP provider for capital markets, and a seed round financing round in WorldCover, a peer-to-peer insurance network.

Anju Patwardhan, Senior Partner of CEFIF, comments: “We believe the Chinese FinTech market will continue to grow in 2017 and beyond, as many three to five year-old companies have grown into large-scale operations. We expect many of these to mature into high-quality, mid-to-late stage companies. Similarly, we anticipate a slew of promising early and mid-stage growth companies in the US market, due to the improving climate for investment, as well as the more sustainable development of the FinTech sector.”

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