About Wacai
Wacai is a company based in Hangzhou (China) founded in 2009.. Wacai has raised $330 million across 8 funding rounds from investors including CICC, Warburg Pincus and Qiming Venture Partners. Wacai has completed 1 acquisition, including CreditCard. Wacai operates in a competitive market with competitors including Dianrong, Yirendai, Yingying Licai, Juzilicai and Daixiaomi, among others.
- Headquarter Hangzhou, China
- Stage Unicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$330 M (USD)
in 8 rounds
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Latest Funding Round
$140 M (USD), Series D
Jul 20, 2018
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Investors
CICC
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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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 Total Funding
- Total Rounds 8
- Last Round Series D — $140.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Series D - Wacai | Valuation | Warburg Pincus | |
| May, 2017 | Amount | Series D - Wacai | Valuation | CDBC | |
| Jul, 2015 | Amount | Series C - Wacai | Valuation | New Horizon Capital |
| 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 Wacai
Wacai has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include CICC, Warburg Pincus and Qiming Venture Partners. 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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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Growth stage companies are targeted for private equity investments.
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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 Wacai
Wacai has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CreditCard. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Credit card aggregator platform
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wacai
| 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 |
Wacai Comparisons
Competitors of Wacai
Wacai 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 Dianrong, Yirendai, Yingying Licai, Juzilicai and Daixiaomi, 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 platform for personal loans
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| domain | founded_year | HQ Location |
P2P lending platform for borrowers and lenders is operated.
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| domain | founded_year | HQ Location |
P2P lending via mobile app connects Chinese investors with borrowers.
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| domain | founded_year | HQ Location |
Online consumer finance platform for internet banking via alternative lending method
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| domain | founded_year | HQ Location |
An online B2C marketplace lending platform for consumers and SMEs, having raised $95.9 million in funding.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Wacai
When was Wacai founded?
Wacai was founded in 2009 and raised its 1st funding round 2 years after it was founded.
Where is Wacai located?
Wacai is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Is Wacai a funded company?
Wacai is a funded company, having raised a total of $330M across 8 funding rounds to date. The company's 1st funding round was a Series C of $80M, raised on Jun 01, 2011.
What does Wacai do?
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.
Who are the top competitors of Wacai?
How many acquisitions has Wacai made?
Wacai has made 1 acquisition, including CreditCard.
Who are Wacai's investors?
Wacai has 11 investors. Key investors include CICC, Warburg Pincus, Qiming Venture Partners, Oriental Patron, and NH Fund.
What is Wacai's valuation?
The valuation of Wacai is $1B as of Jul 2018.