Xiaomi-backed Chinese tax platform Huisuanzhang bags $80m Series D
May 24, 2021
China’s Huisuanzhang, a SaaS-based corporate accounting and tax management platform, has secured $80 million in a Series D round of financing from undisclosed investors, per its announcement on Monday.
Investment bank Cygnus Equity served as financial advisor for the deal, it said in a WeChat post.
The platform will invest the funding proceeds to grow its portfolio of financial services.
Managed by Beijing Kungeek Technology, Huisuanzhang delivers financial services such as tax audit, accounting and business registration to small-to-medium enterprises.
Since its inception in 2015, Huisuanzhang claims to have served over 850,000 corporate clients including Dongfeng Motor Corporation, Chery Automobile, and beverage brand OCOCO International.