Smart financial & tax services brand Huisuanzhang closes USD60m Series C+ round

2020-05-08
|
Isiah Liu

Huisuanzhang (Smart accounting) has recently announced the close of its Series C+ round of financing, raising 60 million US dollars. The investment was led by Sunshine Insurance Group, with participation from Gaocheng Capital, Xiaomi Technology, and Swift Hover.


The company's previous round of financing was a Series C round of hundreds of millions of yuan in September 2018, led by Gaocheng Capital and co-invested by Xiaomi.


Established in 2015, Huisuanzhang is a developer of a cloud-based platform and mobile app designed to help in bookkeeping, invoicing, tax planning and other financial services. The company offers enterprise financial and tax services to small and medium enterprises in China through a cloud platform and mobile app, providing affordable financial and tax services to SMEs.


There are currently more than 2,000 employees in the team of Huisuanzhang, including more than 300 R&D personnel; about 70% of the employees are store operations staff. In addition, there is a value-added service team.


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