Micro Connect Raises Us$70M Series B Funding As New Market Infrastructure Platform Completes First 100 Investments In Micro And Small Businesses In China

Mar 31, 2022•over 3 years ago

Amount Raised

$70 Million

Round Type

series b

Description

Micro Connect, the market infrastructure platform connecting global capital with China's grassroots economy, announced that it has completed a capital raise of US$70 million in its Series B funding round, with participation from Series A investor Sequoia China, and new investors including ABC International, Adrian Cheng, Ausvic Capital, Chuang's Capital, Dara Holdings, Horizons Ventures, Keywise ARCHina Fund, Lenovo Capital, Vectr Fintech, and others. The oversubscribed round brings Micro Connect's total funds raised to date to US$120 million, and validates Micro Connect's long-term vision to develop a new and more inclusive financial market with a new asset class.

Company Information

Company

Micro Connect

About

Micro Connect is a new market infrastructure and financial technology platform connecting global capital with China's grassroots economy, making capital more accessible and affordable to micro and small businesses. Micro Connect has created Daily Revenue Contracts (DRCs) as a new asset class for direct, granular and diversified exposure to a large number of quality micro and small businesses. It has pioneered the Automated Repayment Mechanism (ARM), a secure, digital way to collect investment returns with real-time transparency. It also partners with leading chains / franchises and SaaS companies (Connect Partners) to identify the best targets at scale, enabling more efficient information discovery and capital deployment. With a vast amount of daily revenue data accumulated over time, Micro Connect develops AI analytics capabilities to continually discover investment insights and optimize capital allocation decisions. Through developing a fund investment platform, tailored structuring solutions, and an exchange platform for direct trading access, Micro Connect offers efficiency and liquidity in small business investing for all types of global professional investors and offers a new alternative to impact investing. For more information, please visit www.microconnect.com and follow our journey on LinkedIn: Micro Connect, and WeChat: Micro Connect.

Funding Insights

Based on industry data

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