Chinese venture capital provider CreditEase Fintech Investment Fund has invested in three US start-ups, including a bond-trading platform and a peer-to-peer insurance network. The fund is one of the largest investors in blockchain technology globally, with more than $US1 billion under management. A third start-up, corporate access management provider WeConvene, also received investment from the $1bn fintech fund, which has now ploughed money into eight companies since its formation in 2015. The venture fund, with US$1 billion equivalent of total capital commitments under management, has participated in a series C financing round in Trumid, a U.S. electronic trading platform for the bond market, and in a series B round in WeConvene, a U.S. online corporate access management provider for capital markets. Among its roster of growth-stage companies, CreditEase has invested in blockchain payments application Circle and DYCD.com, an auto financial technology platform.
Chinese venture capital provider CreditEase Fintech Investment Fund has invested in three US start-ups, including a bond-trading platform and a peer-to-peer insurance network. The fund is one of the largest investors in blockchain technology globally, with more than $US1 billion under management. A third start-up, corporate access management provider WeConvene, also received investment from the $1bn fintech fund, which has now ploughed money into eight companies since its formation in 2015. Among its roster of growth-stage companies, CreditEase has invested in blockchain payments application Circle and DYCD.com, an auto financial technology platform.