About Furongba
Furongba is a company based in Nanjing (China) founded in 2013.. Furongba has raised $175.8 million across 3 funding rounds from investors including Guangdong Macro Gas Appliance. Furongba operates in a competitive market with competitors including JiuFu, Tuandai, Velotrade, Xiao Ying Financial and Jiandanlicai, among others.
- Headquarter Nanjing, China
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$175.8 M (USD)
in 3 rounds
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Latest Funding Round
$120.62 M (USD), Series B
Jul 05, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of Furongba
Furongba has successfully raised a total of $175.8M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $120.62 million completed in July 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $120.6M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series B - Furongba | Valuation |
investors |
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| Oct, 2015 | Amount | Series A - Furongba | Valuation |
investors |
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| May, 2015 | Amount | Series A - Furongba | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Furongba
Furongba has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Guangdong Macro Gas Appliance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Residential properties are developed and sold in China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Furongba
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Furongba
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Furongba Comparisons
Competitors of Furongba
Furongba operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as JiuFu, Tuandai, Velotrade, Xiao Ying Financial and Jiandanlicai, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
P2P microfinance credit is provided to small businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified business loans are facilitated through an online P2P marketplace.
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| domain | founded_year | HQ Location |
P2P marketplace for invoice factoring
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| domain | founded_year | HQ Location |
Operates an online P2P lending platform in China.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer lending platform connecting borrowers and lenders securely.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Furongba
When was Furongba founded?
Furongba was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Furongba located?
Furongba is headquartered in Nanjing, China. It is registered at Nanjing, Jiangsu, China.
Is Furongba a funded company?
Furongba is a funded company, having raised a total of $175.8M across 3 funding rounds to date.
What does Furongba do?
Furongba was founded in 2013 in Nanjing, China, as an online platform for investment and financing. Small and micro enterprises, along with individuals, are connected to investors and partner agencies through internet-based services. Financial asset transactions are facilitated digitally within the fintech sector. Operations focus on bridging funding gaps for SMEs. Funding is reported from Softbank China and Zhejiang Fund in Beijing.
Who are the top competitors of Furongba?
Who are Furongba's investors?
Furongba has 1 investor. Key investors include Guangdong Macro Gas Appliance.