About Wacai
Wacai is a Financial Services company based in Hangzhou (China) founded in 2009 by Kevin Quan and Zhiguo Li. Personal finance ledger and management app and an advisory distributor platform. Wacai has raised $330 million across 8 funding rounds from investors including CICC, Warburg Pincus and Qiming Venture Partners. The company has 28 employees. Wacai has completed 1 acquisition, including CreditCard. Wacai was last valued at $1 billion in July 2018. Its website wacai.com draws about 33 thousand monthly visits. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Dianrong, Yirendai and Yingying Licai; 2 of its 3 listed competitors have raised funding.
Company details
Wacai started as a personal finance book keeping service and management app and then ventured into a lending marketplace that allows investors to invest in P2P loans. Can link online banking, securities, Alipay account as well as different types of assets and keep a track of their accounts. Borrowers are redirected to Quicken Loans for an automated loan application procedure. Borrowers can apply for a loan for less that 100,000 Renminbi for a term not exceeding 24 months. It also has fund trading features with several funds, insurance companies and banks, enabling users to purchase monetary funds, stock funds and bond funds on the app.
- Total Equity Funding$330M (USD)
in 8 rounds
- Latest Funding Round$140M (USD), Series D
Jul 2018
- InvestorsCICC
& 12 more
- Employee Count28
- Investments & Acquisitions
Funding Insights of Wacai
Wacai has successfully raised a total of $330M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $140 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 $330M
- Total Rounds 8
- Last Round Series D — $140M
- Investors Count 13
All 8 funding rounds of Wacai with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2018 | $140M | Series D | $1B | Warburg Pincus | |
| May 2017 | $42M | Series D | – | CDBC | |
| Jul 2015 | $80M | Series C | – | New Horizon Capital | |
| Dec 2014 | $50M | Series B | – | CBC Capital | |
| Feb 2014 | $15M | Series B | – | Qiming Venture Partners | – |
| Oct 2013 | $3M | Series A | – | CDH | – |
| Sep 2013 | Series A | – | IDG Capital | – | |
| Jun 2011 | Angel Round | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2018 | $1B | •••••••• |
Last known valuation $1B (Jul 2018). 13 investors in total: 13 institutional.
Investors in Wacai
Wacai has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include CICC, Warburg Pincus and Qiming Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Venture capital investments are directed toward multiple sectors. | 2006 | qimingvc.com | Shanghai, China | |
Growth stage companies are targeted for private equity investments. | nhfund.com | Hong Kong, China | ||
Venture capital firm investing in TMT & other tech sectors | cbc-capital.com | Beijing, China | ||
Venture capital firm | idgcapital.com | New York, United States | ||
Private equity and hedge fund investments in healthcare are managed. | ally-bridge.com | Hong Kong, China | ||
| gxcapital.com.cn | ||||
Private equity and private debt firm focused on multiple sectors | cdhfund.com | Kowloon, China | ||
Venture capital firm backed by China Development Bank | cdb-capital.com | Xicheng, China | ||
Investment services are offered for business succession and regeneration in Japan. | 2002 | newhorizon.jp | Japan |
Investor details for Wacai
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People of Wacai
2 people are tracked at Wacai (2 in leadership); the tracked headcount is 28.
| Name | Role | Group |
|---|---|---|
Kevin Quan | Founder | Leadership |
Zhiguo Li | Founder | Leadership |
Complete people profiles for Wacai
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Investments & Acquisitions by Wacai
Wacai has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CreditCard.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Credit card aggregator platform | creditcard.com.cn | Shanghai, China | 1998 | Oct 2015 | •••• |
Complete acquisition details for Wacai
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Timeline of Wacai
5 dated milestones of Wacai across 9 years, from founding to its latest funding, stage changes and deals.
- Founded Wacai is founded.
- Funding First funding round.
- Acquisition Acquires CreditCard.
- Funding Latest funding round, Series D, of $140.0M.
- Milestone Reaches Unicorn status.
Competitors of Wacai
Wacai has 3 listed competitors in our database, 2 of them funded. They include Dianrong, Yirendai and Yingying Licai.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dianrong.com | 2012 | Shanghai, China | $549M | P2P platform for personal loans | ||
| yirendai.com | 2012 | Beijing, China | P2P lending platform for borrowers and lenders is operated. | |||
| yingyinglicai.com | 2013 | Hangzhou, China | $13.2M | P2P lending via mobile app connects Chinese investors with borrowers. |
Detailed competitors of Wacai
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- Full competitor set
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Web traffic of Wacai
The website of Wacai (wacai.com) receives about 32.8K visits a month and ranks #716,848 among all websites worldwide, #7,988 in Financial Planning and Management.
- Monthly visits32.8K
▼ 12.7% vs previous month
- Unique visitors16.7K
per month
- Global rank#716,848
among all websites
- Category rank#7,988
Finance · Financial Planning and Management
- Bounce rate55%
- Pages per visit2.8
- Average visit2 min 54 sec
- DevicesDesktop 59% · Mobile 41%
Websites whose visitors overlap most with Wacai. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| feidee.com | 100% | 235.3K | #176,051 | View details | |
moneywise.com.cn | moneywise.com.cn | 82% | – | ||
| sui.com | 80% | 657.5K | #63,398 | View details | |
qqbytrans.com | qqbytrans.com | 70% | #6,143,831 | – | |
money.wengu8.com | money.wengu8.com | 63% | #3,183,802 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 24 similar websites and full traffic analytics for Wacai
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Related news about Wacai
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Frequently Asked Questions about Wacai
Wacai was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Wacai is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Wacai is a funded company, having raised a total of $330M across 8 funding rounds to date.
Wacai has 28 employees.
Wacai started as a personal finance book keeping service and management app and then ventured into a lending marketplace that allows investors to invest in P2P loans. Can link online banking, securities, Alipay account as well as different types of assets and keep a track of their accounts. Borrowers are redirected to Quicken Loans for an automated loan application procedure. Borrowers can apply for a loan for less that 100,000 Renminbi for a term not exceeding 24 months. It also has fund trading features with several funds, insurance companies and banks, enabling users to purchase monetary funds, stock funds and bond funds on the app.
Wacai's top competitors include Dianrong, Yirendai and Yingying Licai.
Wacai has made 1 acquisition, including CreditCard.
Wacai has 13 investors. Key investors include CICC, Warburg Pincus, Qiming Venture Partners, Aster, and Oriental Patron.
The valuation of Wacai is $1B as of Jul 2018.