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Meridian Capital's beneficiary enterprise 360caifu.com completed Series B financing.

2016-11-9 17:20:59

Meridian Capital’s beneficiary enterprise 360caifu.com completed Series B financing. Meridian Capital was the leading investor in Series A financing, and a co-investor in Series B financing of 360caifu.com. Founded in 2012, 360caifu.com brand allocates various private banking wealth management products for users through Internet online model. Its products include premium private banking wealth management products such as trust, asset management, sunshine private fund, overseas insurance, family trust, PE, New Third Board fund, film & TV fund, and M&A fund. Speaking of the capital usage of this time’s financing, Cheng Huan, founder and CEO of 360caifu.com, told www.iyiou.com: “Firstly, strengthen operation and promotion; secondly, intensify efforts in investment research and risk control team building for private placement FOF fund to launch customized and intelligent financial products; thirdly, strengthen diversity at the asset end of private placement.” Furthermore, Cheng Huan also disclosed that, Series B+ financing is also under way.

 

Cheng Huan pointed out that, compared with traditional offline wealth management enterprise Noah Private Wealth Management, 360caifu.com places asset management on the web to make it online; meanwhile, through financial technology, it is able to rationally control operation cost, turn investment and wealth management customized and intelligent, and improve industry efficiency. Cheng Huan said, wealth management is a market with huge potentials. For example, trust asset at the asset end alone grew from the initial 2 trillion to close to the 15 trillion market size in 2015; besides, mature enterprises at home and abroad such as www.howbuy.com and Charles Schwab have already emerged.

 

As financial supervision deepens, Internet banking industry will enter a period of overall stable development. In 2015, 360caifu.com and beidoutouzi.com acquired the financial license for private placement administrator. Cheng Huan said that 360caifu.com is applying for license for public fund sales, license for public fund administrator, license for insurance agent etc.