About WuKongBao
WuKongBao is a Financial Services company based in Beijing (China) founded in 2015. Insurance distribution platform. WuKongBao has raised $26.23 million across 4 funding rounds from investors including 58City, Yeepay and Plum Ventures. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Its competitors include MoneyHero, Suning Finance and Datebao; 3 of its 3 listed competitors have raised funding.
Company details
WuKongBao is an insurance distribution platform. It provides users with customized insurance products and services such as insurance for cars, electric vehicles, medical, travel, e-commerce platforms etc. The company partners with Internet platforms like 58.com to dispense insurance products to consumers.
- Headquarters Beijing, China
- SectorsFinancial Services
- Website wkbins.com
- Total Equity Funding$26.23M (USD)
in 4 rounds
- Latest Funding Round$8.69M (USD), Series B
Jun 2019
- Investors58City
& 4 more
Funding Insights of WuKongBao
WuKongBao has successfully raised a total of $26.23M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $8.69 million completed in June 2019. 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 $26.23M
- Total Rounds 4
- Last Round Series B — $8.69M
- First Round $2.3M
(Oct 2015)
- Investors Count 5
All 4 funding rounds of WuKongBao 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 |
|---|---|---|---|---|---|
| Jun 2019 | $8.69M | Series B | – | Plum Ventures, 58City | – |
| Oct 2018 | Series B | – | 58City | ||
| May 2016 | $15.24M | Seed | – | – | – |
| Oct 2015 | $2.3M | Seed | – | Plum Ventures, Hwazing | – |
5 investors in total: 5 institutional.
Investors in WuKongBao
WuKongBao has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include 58City, Yeepay and Plum Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Plum Ventures is recognized as a leading early-stage investment firm in China. | plumventures.cn | Changzhou, China | ||
Early-stage tech investments are made by Hwazing in China-focused sectors. | hwazing.com | |||
Online second-hand listing platform offering multi-category products and services | 2005 | 58.com | Beijing, China | |
Online and offline third-party payment services are provided. | 2003 | yeepay.com | Beijing, China | |
Provides comprehensive life insurance solutions to individuals and families. | 2007 | 95549.cn | Pudong, China |
Investor details for WuKongBao
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of WuKongBao
3 dated milestones of WuKongBao across 4 years, from founding to its latest funding, stage changes and deals.
- Founded WuKongBao is founded.
- Funding First funding round of $2.3M.
- Funding Latest funding round, Series B, of $8.7M.
Competitors of WuKongBao
WuKongBao has 3 listed competitors in our database, 3 of them funded. They include MoneyHero, Suning Finance and Datebao.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| moneyhero.com.hk | 2012 | Hong Kong, China | $50M | Online comparisons of insurances and loans are facilitated. | ||
| jinrong.suning.com | 2015 | Nanjing, China | $3.23B | Financial products are offered via an online platform. | ||
| datebao.com | 2014 | Huangpu, China | $49.39M | Operates as an online platform for comparing and purchasing discounted insurance products. |
Detailed competitors of WuKongBao
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Related news about Wukongbao
Complete news archive for WuKongBao
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Frequently Asked Questions about WuKongBao
WuKongBao was founded in 2015.
WuKongBao is headquartered in Beijing, China.
WuKongBao is a funded company, having raised a total of $26.23M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Oct 2015.
WuKongBao is an insurance distribution platform. It provides users with customized insurance products and services such as insurance for cars, electric vehicles, medical, travel, e-commerce platforms etc. The company partners with Internet platforms like 58.com to dispense insurance products to consumers.
WuKongBao's top competitors include MoneyHero, Suning Finance and Datebao.
WuKongBao has 5 investors. Key investors include 58City, Yeepay, Plum Ventures, Guohua Life Insurance, and Hwazing.