|Angel, 1/2013 |
China Growth Capital
|Series A, 12/2013 |
IDG Capital Partners
Tongbanjie is a China-based mobile financial app developed by Hangzhou Tongbanjie Software Co., Ltd.
This products-trading platform is known for its safety, simpleness, and convenience. The minimum amount of purchasing per time is 100RMB for a user. It plans to launch new guarantor-backed financial products in the coming weeks, offering an annual return of up to 10%.
Hangzhou Tongbanjie Software Co., Ltd was founded by former employee of Alipay – Jun He in September, 2010. The company then received more than $10 million in a Series A round of funding led by IDG Capital Partners.
Recent research shows there are more than 100 thousands users using the application with an average purchase amount of 8k. The number of transactions exceeded 10k, which meant its daily transaction exceeded 1 million.